Upgraded | Canadian Government Funding

Strategic Improvement Assistance supports businesses undertaking strategic activities to become more productive, profitable and competitive. It supports costs for outside professional expertise required for projects related to improving operational efficiencies, internal planning or processes, and quality assurance.

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Funding Amount

0

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Eligible Applicants

registered to conduct business and actively operating on Prince Edward Island; manufactures, processes, or develops goods or services primarily for export; operates within one of the strategic sectors mentioned

Eligible Activities

strategies to improve productivity, quality, food safety, or environmental management; a plan to integrate the most effective tools for communications, transactions, operations and management, such as IT, project management and systems integration services and solutions; human resource strategies; initiatives such as workflow study, production planning, and logistics planning; assessment and development of strategies for the integration of renewable/clean energy, energy use reduction, and environmental impact improvements; or intellectual property advice, planning and strategy.

Deadline to Apply

2024-03-31

Apply for Funding

88%

Approval rating across all Canadian funding programs

93%

Average time savings to our clients, compared to
businesses that apply for funding in-house

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CanExport SMEs

Amount of Funding

Up to 50% funding to a maximum $50,000 grant per project;
Applicants may receive up to 50% of eligible costs for up to $10,000 to $50,000 in grant funding per project;
The applicant is responsible for the remaining 50% of costs;
The annual CanExport contribution maximum is $99,999 (in the event of multiple projects approved in the same government fiscal year);
A group of related companies cannot receive >$200,000 in funding in a single fiscal year. Projects budgets should be between $20,000-100,000; and
Applicants can apply for funding multiple times as long as their prior CanExport application has been completed all reporting is finished.

CanExport SMEs

Eligible Applicants

To be eligible for the CanExport program, Canadian businesses must:

Maintain 1 to <500 full-time employees;
Earn annual revenues ranging from $100,000 to $100,000,000;
Be federally incorporated federally or classified as a limited liability partnership (LLP);
Create eligible project expenses of $20,000 or more; and
Be financially stable and able to pay all project expenses not covered by the program.

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Strategic Improvement Assistance provides up to 40 per cent of eligible costs to a maximum of $20,000 in assistance per approved project. Up to two applications per business will be accepted within a twelve-month period, totaling to a maximum of $20,000 in assistance.