Cleantech Research and Innovation Fund

Overview of the Cleantech Research and Innovation Fund program:

The CRIF provides up to 80% funding (to a maximum of $500,000) for projects focusing on clean technology solutions, such as improving energy efficiency, enhancing grid resiliency, creating non-emitting energy sources, and advancing environmental protection efforts. The program supports a range of eligible activities, including salaries for project staff, consulting and engineering fees, materials, testing, prototype development, and intellectual property strategies. Projects must be at Technology Readiness Level (TRL) 2-6 and demonstrate clear potential for commercialization and export market entry. Applications are assessed on a first-come, first-served basis, and selected based on the strength of the proposed research and development plan.

Benefits of the Cleantech Research and Innovation Fund program:

• Financial support covering up to 80% of project costs.
• Guidance on commercialization and market readiness.
• Access to technical expertise for project evaluation.

Eligibility criteria of the Cleantech Research and Innovation Fund program:

• To be considered for funding, applicants must have a physical presence in PEI and may be:
• A PEI registered business that manufactures, processes or develops products;
• A PEI educational institution researching and developing clean technology products;
• An Indigenous community endeavouring to reduce negative impact on the environment; or
• Other government agencies (please include a description of your agency when you apply)
• An applicant with a defaulted outstanding debt obligation on file in the Provinces Central Default Registry is not eligible for Cleantech Research and Innovation Funding.