PEI has announced a new fund called COVID-19 Business Adaptation Advice Program
The COVID-19 Business Adaptation program provides a non-repayable contribution towards the cost for PEI businesses and entrepreneurs to hire a professional to provide advice and support to adapt to or recover from the impacts of COVID-19.
PEI Businesses who have impacted by the effects of COVID -19 measures are eligible for the program.
This assistance will contribute to the costs associated with:
- obtaining business, human resources and financial planning and advice
- obtaining advice on transitioning to digital or IT solutions
- obtaining advice on exporting, marketing, and logistics
- obtaining other professional services which may be of assistance in adapting or recovering from the impacts of COVID-19 determined in consultation with Innovation PEI
This assistance may contribute up to 100% of the cost (to a maximum of $2,500) to engage a professional business consultant.
Applications must clearly identify the challenge the business is looking for a solution to and must be clearly an incremental engagement of professional services. Applicants are encouraged to should discuss with an Innovation PEI representative to determine if the activity could be eligible for funding.
Applications must be submitted before any financial or legal commitment is made on the project.
*This information is provided for information purposes and is not comprehensive and reflective of all Innovation PEI policies. Not all projects meeting the minimum assistance criteria outlined will receive funding. Please consult with an Innovation PEI staff member for guidance specific to your company’s situation.