January 30, 2009 * Innovation and Advanced Learning [to May 2015]Allan Campbell, Minister of Innovation & Advanced Learning, today announced 20 projects that will receive funding under the Innovation PEI Pilot Fund. Successful applicants will receive grants of up to $25,000 to cover eligible operating costs associated with testing innovative ideas that have a strong commercialization potential. “This funding will be used to help Island entrepreneurs and researchers test high-risk ideas that could lead to developing new technologies or creating new high-value products,” said Minister Campbell. Fifty applications were received in the first round of funding. A list of successful projects can be found at www.islandprosperity.ca.Media Contact: Kim Devine