   There is an unrivalled collaboration between partners in Prince Edward Island and there is more motivation to grow a business quicker here.
From our first conversations with the BioAlliance, all PEI stakeholders came together to enable our vision in such an efficient manner. President & CEO, Nature’s Crops International  
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 One of the great advantages to doing business in Prince Edward Island is our COLLABORATIVE business environment. We have ready access to all of the key supportive business players. Where other jurisdictions often throw red tape at start-ups, PEI provides system navigation that avoids costly delays in achieving your business milestones. Local government agencies, such as Innovation PEI and the Atlantic Canada Opportunities Agency (ACOA) are working cooperatively with other government agencies and financial organizations to offer customized bioscience business development programs. Wherever your company is within the business cycle, the PEI BioAlliance can get you to market faster. BUSINESS HIGHLIGHTS
Extensive Tax Rebate Programs The Bioscience Tax Incentive which offers a ten-year tax holiday to bioscience companies of more than 10 employees and a $750,000 annual payroll. The Share Purchase Tax Credit which provides a tax rebate on personal income tax of 35% of the value of an investment in a PEI corporation. The Specialized Labour Tax Credit which provides an incentive for workers with specialized expertise or skills to work in the province. Island Prosperity Strategy Programs Discovery & Development Fund: 100K Cnd. to support the Discovery and Development phase of the project development cycle. A competitive process evaluated on the level of innovation and commercial potential. Pilot Fund: 25K Cnd. in support of the testing and prototyping phase of the development cycle. A competitive process to support innovative ideas with high commercial potential. Visit Island Prosperity for more details. Local organizations that can provide support for you and your business: |