Capital Acquisition Program

To offer financial assistance to Prince Edward Island businesses in acquiring the infrastructure necessary to the development of export capabilities from start-up through to international exporting.

Innovation PEI

Overview of the Capital Acquisition Program program:

Capital Acquisition Assistance supports Prince Edward Island businesses investing in technology, equipment, and infrastructure needed to grow their business and increase capacity and competitiveness. The program provides businesses with financial assistance to leverage other traditional and non-traditional financing and reduce risk.

Benefits of the Capital Acquisition Program program:

To be an eligible applicant, a business must be located in Prince Edward Island and:
Be registered to conduct business and actively operating on Prince Edward Island;
Manufactures, processes, or develops goods or services primarily for export;
Operates within one of these strategic sectors:
Bioscience
Aerospace and defence
Advanced manufacturing and processing
Renewable energy and clean technology
Information and communications technology
Creative and cultural industries
First-of-its-kind exportable goods or services in other sectors may be considered.

Eligibility criteria of the Capital Acquisition Program program:

To be an eligible applicant, a business must be located in Prince Edward Island and:
Be registered to conduct business and actively operate on Prince Edward Island;
Manufactures, processes, or develops goods or services primarily for export;
Operates within one of these strategic sectors:
Bioscience
Aerospace and defense
Advanced manufacturing and processing
Renewable energy and clean technology
Information and communications technology
Creative and cultural industries
First-of-its-kind exportable goods or services in other sectors may be considered.
A business that has a defaulted outstanding debt obligation on file in the Provinces Central Default Registry is not eligible for Innovation PEI assistance.