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Funding Programs

PEI Food Product Development Fund 

The PEI Food Product Development Fund is available to Prince Edward Island companies to access the professional, technical assistance services of BIO|FOOD|TECH. This assistance can be applied to the development and testing of new and improved products and processes, and other technical development-related activities. The fund contributes 50% of project costs to a maximum contribution of $50,000.

Examples of the type of projects that can be supported include pre-commercialization, such as technical feasibility determinations, new product and prototype developments, and new process developments. Commercialisation activities include test-market production, rental of BIO|FOOD|TECH processing facilities, assessment of processing and packaging equipment, shelf-life determinations, food safety assessments, and sensory analysis. Industry support activities include technical information searching and research, determination of technical needs, supplier sourcing, training of plant personnel and assistance to implement Government regulations (e.g., HACCP, QMP, GMP systems). The Fund may be used by any Prince Edward Island company that can benefit from the services of BIO|FOOD|TECH, including the food and bioprocessing and bioscience companies. Please contact our project leaders for information on how BIO|FOOD|TECH clients may access PEI Food Product Development funding for their projects.


NRC-IRAP Contribution Agreement with BIO|FOOD|TECH
The Contribution Agreement with NRC-IRAP has two purposes. The first purpose is to provide funding for the development, adaptation or adoption of technologies to organizations with the common goal of stimulation of wealth creation through technical innovation. The second purpose is to encourage such goals with program funding which can be more easily or quickly arranged than regular IRAP program funding. The result is small scale funding opportunities with organizations capable of directly providing diagnostic, investigative or testing activities directly to small and medium enterprises. This Contribution Agreement is one of several in technology centres throughout the region. Please contact our BIO|FOOD|TECH project leaders for information on how BIO|FOOD|TECH clients may access Contribution Agreement funding for their projects.

Other Funding Partners

  • ADAPT Funding for Biofuels Initiative
  • Advancing Canadian Agriculture & Agri-Food Program
  • Agricultural Flexibility Fund (AgriFlexibility) Atlantic Canada Opportunities Agency
  • Business Development Bank of Canada
  • Canadian Centre for Fisheries Innovation
  • Canadian Dairy Commission Matching Investment Fund
  • Canadian Foundation for Innovation 
  • Community Business Development Corporations Business Loan Program - Atlantic Provinces
  • Emergence Bioscience Business Incubator
  • Food Island Partnership
  • Innovation PEI
  • NRC-Industrial Research Assistance Program
  • NSERC Industrial Partnership
  • PEI ADAPT Council
  • PEI BioAlliance
  • Scientific Research & Experimental Development (SRED) Tax Credits
  • The Innovation PEI Pilot Fund
  • Trade Team PEI