What is PEI Innovation Fund?
PEI Innovation Fund is delivered by Innovation PEI as a grant. Funding is typically up to $50,000 (50% of eligible costs), once per product. This page covers eligibility, intake status, and what an application actually requires.
At a glance
| Funding amount | Up to $50,000 (50% of eligible costs), once per product |
|---|---|
| Cost share | 50% |
| Level | Provincial |
| Program type | Grant |
| Delivered by | Innovation PEI |
| Available in | PE |
| Intake status | Open - Rolling |
| Last verified | 2026-06-12 |
Who qualifies
- Eligible industries: Technology, innovation, agri-food, life sciences
- Eligible activities: Product development; R&D; commercialization; technology adoption
Watch out for
Below TRL 6; no export potential; default on file in PEI Central Default Registry; non-strategic sector (case-by-case)
Deadlines & how to apply
Two streams: New Product (beta/pilot to commercial scale-up) and Product Diversification (adapting an existing product to a new market). Requires TRL 6-9, export potential, and a strategic sector (bioscience, aerospace, advanced manufacturing, cleantech, ICT, creative industries). Combined non-repayable government funding capped at 75% of costs. Consult an Innovation PEI Business Development Officer before applying.
How NorthGrants helps with PEI Innovation Fund
Most business owners read about PEI Innovation Fund, see the funding amount, and stop. The hard part isn't finding the grant. It's building an application that actually wins.
NorthGrants builds the full application framework for you: a tailored project narrative aligned to this program's evaluation criteria, a budget structure that maps to eligible costs, and the supporting documentation checklist. You review it, refine the parts only you can write, and submit.