This is the fourth year for the Ignition Fund, which supported 10 entrepreneurs across the Island last year with start-up and expansion funding. To qualify, applicants should be start-up businesses or entrepreneurs who are committed to establishing and operating a new business in this province. In addition, the products or services must have the potential to be sold outside of Prince Edward Island.
Government’s balanced 2017-18 operating budget allocates more than $34 million in grant support for businesses across the Island. The Ignition Fund is one way the provincial government supports entrepreneurs, together with the Startup Zone, Launch Pad, micro loans, and others.
“The Ignition Fund is an excellent option for businesses looking to turn their new idea into reality,” Economic Development and Tourism Minister Heath MacDonald said. “Prince Edward Island is lucky to have so many visionary, hard-working entrepreneurs, and our government stands ready to help them do great things.”
To apply for the Ignition Fund or for more information, Ignition Fund (link is external).