Innovation PEI - The Friend in Need for Businesses with Assistance Programs

   2020-09-05       29        Business
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https://www.letsnurture.ca/blog/innovation-pei-the-friend-in-need-for-businesses-with-assistance-programs.html
Prince Edward Island serves these needs for a smooth functioning of small businesses. An easy online application process complements its cost-effective packages. This post will cover the salient features of all its services. Plus, it will also highlight the procedure that small businesses can follow to apply for them online.

All local companies, whether existing or new, are eligible for it. The only requirement is for such companies to have a functional export-based business coupled with an effective business strategy. The businesses in question involve all kinds of companies: limited liability, cooperative: partnership, and proprietorship.

This program supports activities that lead to wealth creation, including IT assets, system integration services, and project management, among others. PEI Innovation collaborates with the companies that deal with the projects involving these aspects and provide funds for meeting 40 percent of implementing a new IT system. The only condition is that the overall expenses must not exceed the $40,000 mark. Also, the project must clear the evaluation criteria for fund assessment.

Also, Innovation PEI necessitates companies to furnish a set of documents to obtain funding for its various projects. Companies need to provide the agency with requisite business information at the time of applying for financial assistance, as mentioned in the online form.

Detailed information about the requirements mentioned above is available on the official website of the company.

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Prince Edward Island serves these needs for a smooth functioning of small businesses. An easy online application process complements its cost-effective packages. This post will cover the salient features of all its services. Plus, it will also highlight the procedure that small businesses can follow to apply for them online.

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