Ignition Fund helps fuel 10 P.E.I. businesses

Ignition Fund helps fuel 10 P.E.I. businesses

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The province has helped fuel entrepreneur Chelsey Lake’s business as a digital marketing strategist, designer and developer.

Lake is one of 10 recipients who received a $25,000 grant through P.E.I.’s Ignition Fund.

The money will enable the owner of Lake Designs and Strategies to offer small businesses scheduling and ticketing services for their websites.

“Successfully securing an Ignition Fund grant has been pivotal in propelling our business forward,” said Lake.

“Our booking software will enable small businesses to have an affordable, modern solution to appointment booking that will improve sales and decrease no shows. With the financial support from the Ignition Fund, we are better situated for success when we enter the market in the coming months.”

The other Ignition Fund recipients are Chow Time Pet Foods Inc., Innovation for Lawyers Inc., TopFeed Industries, Common Man Seafood & Microcannery, Van Kampen’s Greenhouses, Au Naturel Solutions, Scout, Camp Awesome and an animal health company for the enhanced management of livestock.

“The key to entrepreneurial success is the drive of the individual and the strength of their idea,” said Minister of Economic Growth, Tourism and Culture Matthew MacKay. “As a former entrepreneur myself, I recognize the importance of government supporting small businesses because that drive and those ideas represent the future of our provincial economy.”

This is the sixth year for the Ignition Fund, which supports entrepreneurs across the Island with start-up and expansion funding. To qualify, applicants must be start-up businesses and entrepreneurs who are committed to establishing and operating a new business in this province. The products or services must be innovative and have the potential to be sold outside of Prince Edward Island.

Since the Ignition Fund launched in 2014, the program has funded 58 companies.

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