Five startups received grants of $25,000 each from Innovation PEI last fall as part of its Ignition Fund, the agency has announced.
Launched in 2014, the fund has so far backed 80 companies. Several of this round of recipients, including Jems Boutique and Knit Pickers PEI, are established small businesses that are now launching more ambitious and scaleable projects.
Here’s a look at the latest PEI businesses to receive funding:
Cann Bliss sells cannabis-infused, non-alcoholic wines in a range of varieties and THC and CBD concentrations.
Rachelle Wight and Stuart Wight
Carmel Cycling sells custom, ethically sourced cycling gear for road cyclists.
Julia Campbell and Nick Campbell
MNRK sells hard seltzers with packaging and merch designed in collaboration with local artists and updated seasonally.
Knit Pickers sells wool pellets for use in home gardens and on small farms. Wool pellets can help aerate soil, increase its capacity to hold water, control pests like slugs and release nutrients like sulphur and calcium.
The Shed sells locally brewed bags of concentrated coffee for use in restaurants.