Food Product Development Assistance

Overview of the Food Product Development Assistance program:

Food Product Development Assistance is available to Prince Edward Island businesses to access professional and technical assistance in creating or improving a new food product or process. This assistance can be used to develop and test new and improved products and processes, and other technical development-related activities. Funding through this program is intended to support the engagement of expertise as the business moves its product or process from the earliest stage of development through to commercialization.

Benefits of the Food Product Development Assistance program:

• The program contributes 50 per cent of project costs to a maximum contribution of $50,000 per business.

Eligibility criteria of the Food Product Development Assistance program:

• To be an eligible applicant, a business must be located in Prince Edward Island and:
• Be registered to do business and actively operate in Prince Edward Island; and
• Be a food development, manufacturing, or processing business;
• A business that has a defaulted outstanding debt obligation on file in the Provinces Central Default Registry is not eligible for Innovation PEI assistance.
• New project submissions from an applicant in default on any reporting, project completion, or financial obligation to Innovation PEI will not be reviewed until a resolution to the default is reached.