Prince Edward Island Potato Stabilization and Innovation Initiative
The Prince Edward Island Potato Stabilization and Innovation Initiative (PSII) supports projects in P.E.I.’s potato sector and its supply chain. This measure, announced in Budget 2022, is part of the Government of Canada response to the ongoing market disruption from the detection of potato wart in fall 2021 to help secure the sector now and set it up for future growth.
Through the PSII, the Atlantic Canada Opportunities Agency (ACOA) will invest in projects over two years (2022-23 and 2023-24) to strengthen Prince Edward Island’s potato sector. With this help, the potato sector will be able to:
- modernize to become more competitive
- adapt to changing market conditions and diversify their activities
Who can apply
To be considered for PSII funding, applicants:
- must be either a table or seed potato grower, or a key supplier to the potato sector operating on Prince Edward Island, and
- must be able to show impacts resulting from the imposed restrictions on the movement of P.E.I. potatoes
- must be a non-profit organization or provincial entity providing support to the P.E.I. potato sector
What is funded
Projects eligible under the PSII include, but are not limited to:
- investing in automation and technology that increase a business’ productivity and competitiveness
- improving storage to increase product quality and lifespan
- modifying packaging (changing volume of bags, packaging preferences, etc.)
- developing equipment or technology that manages pests or disease
- creating value-added products, including those that make use of byproducts or processing waste
- investing in new markets or market expansions
Non-profit sector projects would be in support of these activities. For a full list of eligibility criteria, for businesses and non-profits, please consult the applicant guide.
How to apply
Contact the ACOA PEI & Tourism office to discuss your project and then complete and submit the relevant application form.
Contact us today!
Looking for more information?
If you still have questions about the PSII or other ACOA initiatives and programs, reach out to ACOA Business Information Services. We’ll help you figure out your next move. Call 1-888-576-4444 today!
Or contact us by email:
Hours of operation: Monday to Friday, 8 am to 5 pm (Atlantic time)
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