Food Product Development Assistance
Food Product Development Assistance is available to Prince Edward Island businesses to access professional and technical assistance in creating or improving a new food product or process. This assistance can be used to develop and test new and improved products and processes, and other technical development-related activities.
Offered by Innovation PEI
Amount
Up to $50,000
50 per cent of project costs to a maximum contribution of $50,000 per business (maximum $50,000 to one business in a twelve month period)
Quick eligibility check
Who can apply
To be an eligible applicant, a business must be located in Prince Edward Island and:
- be registered to do business and actively operating in Prince Edward Island; and
- be a food development, manufacturing or processing business;
The project must provide economic benefit to the province of Prince Edward Island.
About the funding
The program contributes 50 per cent of project costs to a maximum contribution of $50,000 per business.
Multiple projects may be submitted by one business; however, the maximum approval amount to one business in a twelve month period will not exceed $50,000.
Approved projects that have not started by the end of a twelve month period will expire and a new application will need to be submitted and approved.
The combined project funding from all non-repayable government sources cannot exceed 75 per cent of eligible costs.
Show all funding details
An eligible business can access support for commercialization activities related to:
- new product and prototype developments, technical feasibility determinations, or new process developments;
- test-market production, rental contract with processing facilities for test-market production runs;
- technical assessment of processing lines and packaging equipment;
- shelf-life determinations, food safety assessments, sensory analysis, supplier sourcing; or
- technical workshops and technical training of plant personnel.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Ignition Fund | Grant, Investment, Competition | Up to $25,000 | Open |
| Seasonal Extension Tourism Product Development Fund | Grant | Up to $7,500 | Open |
| Poultry and Egg On-Farm Investment Program | Grant | Non-repayable contributions of up to 70% of eligible project costs (up to 85% for young producers), limited to each producer's maximum funding amount based on their share of provincial quota/production | Open |
| Advanced Manufacturing Technology Assessments | Grant | Up to $50,000 | Open |
