When you want to grow your business from one size to another, PELA CFDC can help in many ways. Whether it be some advising for general direction or putting you in touch with investors to help you acquire much-needed capital spending, we can help you figure out your path and process to get there. Investing in the community in this way means a brighter, more profitable future for our communities and the people that work in them.
Supporting high-growth and innovated Small and Medium-sized Enterprises, the Eastern Ontario network of CFDCs administers a fund called SOFII, the Southern Ontario Fund for Investment in Innovation. Helping finance late stage commercialization, new product or service development, new applications/markets and the ongoing development of technologies and processes, the loan funds act as a catalyst for increased investment for innovation in Southern Ontario.
The early stages of your business can be critical for your lasting success. Sometimes, with all the resources and time you put in, you can still come up short. PELA CFDC administers a special fund that invests equity into you business at the early stages, co-invested by First Stone Venture Partners. Unlike traditional venture capitalists, First Stone Venture Partners and PELA CFDC have a goal of building sustainable businesses that have longevity and boost economic diversity.
Founded by fellow entrepreneurs, First Stone Venture Partners (FSVP) is a capital fund that invests in early stage technology businesses to help them grow and develop, with a goal of fostering technology-based innovation in rural communities. With a goal of raising $5M to make 25 new investments in startups over the next three years, FSVP is motivated to enrich the community with the technology it needs to face a changing market.
Led by the private sector and supported by communities, FSVP incubates and partners with businesses across the country to achieve the goal of offering superior investment returns. Valuing fairness, integrity and social responsibility, their diverse team is built on experience and achievement, having worked in multiple sectors with experience in IT architecture, commercialization of research, corporate law, and government communications.
Technology Meets Lifestyle | PEC Innovation Centre
Located at the tip of the Picton Bay Harbour, the Prince Edward County Innovation Centre offers 25 offices to a community of start-up companies and professional services, set in a 15,000 square feet newly renovated space. Including ethernet and wireless internet, hydro, heat and air conditioning and even parking, companies can choose from a variety of office configurations. The PEC Innovation Centre can help you build your business right from the beginning.
Housed in the former Napanee East Ward Schoolhouse, the new Napanee Innovation Academy functions as a collaborative space for mentorship of young entrepreneurs. The facility includes 10 offices, meeting rooms, and cutting-edge technology like a 3D prototyping lab, all housed in a 6,500 square foot Victorian building designed by George Cliff.
Visit Our Picton Office
280 Main St, Suite 103
Picton, ON, K0K 2T0
613-476-7901 ext. 200
Toll Free: 1-877-337-2193
Fax: 613-476-7235
Visit Our Napanee Office
47 Dundas St East
Napanee, ON, K7R 1H7
613-354-0162
Toll Free: 1-800-354-5830
Fax: 613-354-2361
Other Services Offered By PELA CFDC
Business Loans
PELA CFDC provides financing for new and existing businesses in the community to help foster economic diversity and prosperity. Whether you need help starting a business, renovating a building, negotiating a lease, purchasing equipment or inventory, or access to working capital, we can help you with up to $250,000 in grant funding.
E.O.D.P Grants
If you need some advice to help you get started, PELA CFDC provides free business advisory services to both new and existing businesses. We can help you plan, launch, and manage your ongoing business, and help you address the challenges you face along the way. Whether it be advising, business plan support, help with funding and referral programs, or help finding out how to access capital or investments, check out how we can be there on your path to success.
