Strategic Improvement Assistance

For Prince Edward Island businesses looking to sharpen their operations and stay competitive in export-driven markets, bringing in outside expertise can be a smart but costly step. Strategic Improvement Assistance is designed to ease that burden by helping PEI companies invest in planning and advisory work that strengthens productivity, profitability, and long-term performance. Delivered by Innovation PEI, this program focuses on strategic improvements rather than day-to-day operations, making it especially relevant for businesses preparing for growth or increased export activity.

The program supports projects that rely on external professional services, such as consultants or specialized advisors, to improve internal processes, operational efficiency, quality assurance, or strategic planning. Businesses may use the funding to explore supply chain alternatives, develop productivity or environmental management strategies, assess clean energy integration, strengthen human resource planning, or receive guidance on intellectual property and systems integration. Funding is non-repayable and typically covers a portion of eligible project costs, with support reaching up to around $20,000 depending on the scope and impact of the project.

Strategic Improvement Assistance is most commonly used by established PEI businesses in sectors such as advanced manufacturing, bioscience, information technology, clean technology, and creative industries that are focused on exports or import substitution. For business owners considering a strategic project but unsure how to offset the upfront advisory costs, learning more about this program’s requirements and assessment criteria can help determine whether it’s the right fit.