Innovation PEI is inviting new businesses and start-ups to bring proposals forward for the second round of the Ignition program which offers support for promising businesses in the early stage of operations, says Innovation and Advanced Learning Minister Allen Roach.
“Entrepreneurship is key to growing the economy of Prince Edward Island and we want to encourage entrepreneurs and start-ups across this province. The Ignition program can help businesses in the crucial early stages of business development,” said Minister Roach.
Applicants must be a startup in Prince Edward Island or entrepreneurs committed to establishing and operating a new venture on PEI.
The Ignition Program was launched in June of 2014 to assist startups on Prince Edward Island by providing them with an investment of $25,000 to develop their businesses. Innovation PEI received 46 submissions from individuals interested in pursuing entrepreneurship in the province.
Winners under the first round of Ignition included: Queen Bee Games, Pownal; Island Gold Honey, Murray Harbour North; Can’t Check This, Charlottetown; Sun Country Safety Wear, Vernon River; Island Artisan Cheesehouse, Mont Carmel; Skip the Waiting Room, Cornwall; BamText Corp, Charlottetown; and Serene View Ranch, Alexandra.
“Ignition was perfect to help me reach the market. It allowed me to install a packaging line. This helped me control my costs and have a better presence in the marketplace,” said Mathieu Gallant, owner of the Island Artisan Cheesehouse.
For more information on Innovation PEI and the Ignition program, visit www.innovationpei.com.