Driving growth in PEI’s tech industry
News release
Federal government invests more than $2.1M in seven Island-based IT companies
December 22, 2025 · Charlottetown, Prince Edward Island · Atlantic Canada Opportunities Agency (ACOA)
As companies in Atlantic Canada continue to find global success, the region is emerging as a hub for the next generation of tech businesses and leaders. The Government of Canada is investing in this industry to drive innovation and productivity, create good jobs, and build a stronger economy.
On Friday, Sean Casey, Member of Parliament for Charlottetown, announced more than to $2.1M in repayable federal support for seven businesses in Prince Edward Island’s tech sector. The announcement was made on behalf of the Honourable Sean Fraser, Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency.
The event took place at The Foundry, a business incubator run by the PEI IT Alliance.
This investment will drive productivity and growth with faster product development, streamlined operations, and more export opportunities. Together, these projects will boost competitiveness and fuel the sector’s contributions to a strong economy.
For a further details regarding these projects, please refer to the backgrounder.
The Government of Canada is empowering companies to innovate, grow, and compete on the global stage, fostering economic prosperity for all Atlantic Canadians.
Quotes
“From education, to health care, to manufacturing and beyond, Island-based I.T. companies are making a significant impact in our economy by helping industries to improve processes, recruit talent, and fuel innovation. Our government is proud to support this burgeoning, vibrant sector.”
- Sean Casey, Member of Parliament for Charlottetown, on behalf of the Honourable Sean Fraser, P.C., K.C., Member of Parliament for Central Nova, Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency
“As a PEI-based software company of 25 employees, we’re proud that 100% of our sales are exported outside of Atlantic Canada. With ACOA’s support, we’re expanding beyond our traditional work with large academic institutions to make our solutions accessible to smaller organizations, helping us scale while contributing to the region’s export growth and success.”
- Gerry Lawless, CEO, Discovery Garden
Quick facts
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Federal funding announced today is delivered through ACOA’s Regional Economic Growth through Innovation (REGI) program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation.
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The PEI IT Alliance was established in 2022 and now supports a membership of 908, including 89 organizations, along with startups, professionals, remote workers, and students.
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The PEI tech industry employs approximately 3,000 professionals and contributes around 5% to the provincial GDP.
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Associated links
Contacts
Lola Dandybaeva
Manager of Media Relations Office of the Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency
lola.dandybaeva@justice.gc.ca
David Fleming
Communications Manager
Atlantic Canada Opportunities Agency
david.fleming@acoa-apeca.gc.ca
Chris Gallant
Executive Director
PEI IT Alliance
chris@peiitalliance.com
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