The 2023 Fall Round of the Ignition Fund is Now Accepting Applications!
We are excited to announce the Ignition Fund is now open for applications!
The Ignition Fund is a competitive-based fund for entrepreneurs seeking start-up capital for a new innovative business venture or to develop and launch a new innovative product. The fund invests seed capital that will allow successful applicants to turn their ideas into tangible and viable businesses.
The deadline to apply is October 23rd, 2023 at 1pm ADT
We’re hosting a number of information sessions over the next few weeks (with both in-person and virtual attendance options). Join us to ask questions and learn about the Ignition Fund application process, criteria, eligibility and more! Please register ahead of time at the links below:
- October 4th, 12pm: CBDC Central, Summerside
- October 6th, 12pm: Rural Action Centre, Montague (Contact Emma Gamble at (902) 838-4030 or Emma.gamble@cbdc.ca)
- October 10th, 12pm: Rural Action Centre, Alberton (Contact Barb MacDonald at (902) 853-3616 or Barb.macdonald@cbdc.ca)
- October 12th, 12:30pm: Startup Zone, Charlottetown
- October 16th, 6pm: Webinar
Hear from previous Ignition Fund recipients:
“ The ignition fund has allowed Sport4TV breathing room to continue research and development, market research, and immediate technology testing. It has allowed us to focus on what makes our business successful and excites us moving forward. The process of applying allowed us to hone in on our micro and macro environment problems and clearly articulate what the industry problem is, and how our technology solves that problem."
Jeremy and Ian MacAulay
Sport4TV
"The Ignition Fund will help our business move to the final stages of developing our brand and setting up an online presence to sell our products to women across the country. We would not have been able to get to this stage if it wasn't for this program. We enjoyed the process as Innovation PEI clearly laid out the requirements and the expectations of the Ignition Fund and helped in every way possible to make sure we had all the resources necessary to be successful. However, it was definitely nerve-racking to pitch our business in front of the judges, but it gave us the confidence to be able to do it in front of any potential investors moving forward"
Laura and Alex Stevenson
Salty Mountain Clothing Inc
"My experience with the Ignition Fund was terrific! Throughout the entire process of applying, pitching, and receiving the award, the folks at Innovation PEI were helpful and supportive. This process helped us solidify our business plan and go-to-market strategy, and I appreciated the feedback from the judges during the pitch. The funds that we received through the fund will allow us to complete the development of our app and bring it through beta testing. We’re grateful that QuestRead will soon be in the hands of Island children! "
Janessa Ferrell
QuestRead