Ignition Program to provide startup funding for Island entrepreneurs

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Quentin Bevan, left, president of the Greater Charlottetown Area Chamber of Commerce, greets Allen Roach, minister of innovation and advanced learning, during a funding announcement this week at Peake's Quay. The province is providing a $25,000 grant to eligible entrepreneurs.

The newly created Ignition Program invites Island entrepreneurs to competitively apply for business startup funding up to the amount of $25,000.

Applicants must submit a business plan to Innovation P.E.I. that will be reviewed by an evaluation committee. If the business plan is selected, the applicant will then be asked to pitch their business plan to the committee.

In the end, successful applicants will receive up to $25,000 each towards the startup and development of their business venture. Funding may be utilized to support initiatives such as product development, incorporation, refinement, market research, business development and intellectual property.

Applications will be accepted until Sept. 12, 2014.

“Our government has heard from the Island business community that they need support to pursue and develop creative growth opportunities,” said Innovation and Advanced Learning Minister Allen Roach.

“The Ignition Program was created in response to these concerns, and will provide an initial investment to increase entrepreneurship within Prince Edward Island.”

Online: www.innovationpei.com/ignition.

Geographic location: Prince Edward Island

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Recent comments

  • Part Of Reason
    June 25, 2014 - 09:48

    This is a prime example of why every man-women-child on PEI owes $14,000 . Just how many times has this giving startup money been tried on PEI with the same results . There until its spent , then gone & onto the next giveaway but knocking out some other businesses that started on their own buck during the process . Just why would you expect different results than you got last time . Just another form of vote buying & wasting my money .

  • harold
    June 23, 2014 - 20:59

    An other Ghiz/Roach waste of money scheme, Money for that is probably from the money they saved when they withheld from the poor last winter. Have not heard much about the liberal 'heart' usually so much on the libs of the LIBERAL politicians at election time, --- the big red tent and all that b.s.

  • Garth Staples
    June 22, 2014 - 21:41

    Do you trust this juvenile process?

  • HERE WE GO AGAIN
    June 22, 2014 - 12:01

    More taxpayers money to finance businesses that won't hire Islanders over Immigrants.

  • don
    June 22, 2014 - 09:39

    it helps if you know the right people.