Capital Acquisition Assistance
Up to $25,000 grant covering up to 25% of eligible capital acquisition costs for PEI businesses expanding capacity and competitiveness.
About this program
The Capital Acquisition Assistance program administered by Innovation PEI supports PEI businesses focused on investing in technology, equipment, and infrastructure needed to expand and improve competitiveness. The maximum contribution is $25,000 per fiscal year, covering up to 25% of eligible expenses. Eligible costs include capital acquisitions such as machinery or equipment, renovations or improvements related to establishment of new business, or expansion of existing business. Businesses are evaluated on long-term viability potential, export sales, import substitutions, economic benefit to PEI, environmental impact, employment creation, and level of assistance from other government programs.
Eligibility
PEI businesses investing in technology, equipment, or infrastructure for growth and competitiveness. Must be registered and actively operating in PEI.
Requirements
- Business located in PEI
- Registered to conduct business in PEI
- Investment in technology, equipment, or infrastructure