We get it. Finding the right funding can feel like a maze. That's why the Strategic Industry Growth Initiative (SIGI) is designed specifically for businesses like yours in Prince Edward Island’s agriculture and agri-food sector. By applying for this program, you can access funding that supports innovative projects aimed at boosting your competitiveness and profitability.

Here are a few reasons to consider applying:

• Flexible Funding Options: There's no specific limit on funding amounts or repayment conditions, offering you the freedom to create a plan that suits your needs.
• Broader Impact: Projects that benefit both your business and the industry can create positive change in the sector, positioning your company as a leader.
• Innovation Focus: You’ll receive backing for initiatives that improve your market opportunities and enhance your value chain, giving your business a leg up against competitors.

This program is a great chance to invest in your business, improve operations, and grow revenues—all while contributing to the bigger picture of industry development. We're here to guide you every step of the way, making the application process as smooth as possible.

Type of Financing
This program offers grants to support your business. Grants are funds that you do not need to pay back, making them a fantastic opportunity for growth without the burden of repayment.

Repayment Terms and Interest Rates
Since this is a grant, there are no repayment terms or interest rates involved. This means you can use the funds freely to enhance your business, without worrying about future payments.

Eligible and Ineligible Expenses
You can use the funding for a wide range of eligible expenses, such as:

• Market development
• Innovation projects
• Value-chain development
• Strategic partnerships

However, the funds cannot be used for:

• General operational costs
• Debt repayment
• Non-business related expenses

Fees
There are generally no fees associated with accessing these funds, allowing you to focus on your business rather than worrying about hidden costs.

• Location: Business must be located in Prince Edward Island.
• Sector: Must operate within the agriculture and agri-food sector.
• Employee Requirements:
  • No minimum number of employees required.
  • No maximum number of employees required.
• Revenue Requirements:
  • No minimum revenue qualifications.
  • No maximum revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications: None specified.

This program supports innovative projects in the agriculture and agri-food sector in Prince Edward Island, making your business more competitive and profitable. You could receive funding to help with projects that focus on market opportunities, innovation, or improving the value chain. This is a chance to enhance your operations and potentially grow your revenues.

The funding can cover a variety of project costs, allowing you to invest in initiatives that can drive your business forward. You can tackle projects that not only benefit your company but also have a positive impact on the industry as a whole. This collaborative approach means your investments can support broader sector growth while positioning your business as a leader.

While there are no specific limits on funding amounts or conditions for repayment, the emphasis is on projects that provide broad benefits. This allows you the flexibility to create a work plan that suits your business needs without the pressure of strict financial constraints. This program is a valuable opportunity to strengthen your operations and maintain sustainability in an evolving market.