Prince Edward Island Century 2000 Fund

Prince Edward Island Century 2000 Fund Inc. (PEICF) is a government-administered investment and lending fund based in Charlottetown, Prince Edward Island, Canada. Managed by the provincial Crown corporation Island Investment Development Inc. (IIDI), the fund provides low-interest term financing to private sector businesses to stimulate economic growth and job creation. PEICF has played a critical role in the development of the Prince Edward Island Bioscience Cluster by acting as a primary lender for major biotech and life science companies in the region. Notable recipients of its funding include BioVectra and AquaBounty Technologies, which have utilized the fund to finance the construction of manufacturing facilities and scale up commercial operations. While it operates across multiple sectors, its significant capital contributions to the local bioscience industry make it a key stakeholder in the Atlantic Canadian life science ecosystem.