Capital Acquisition Program

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.