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The Wilbert C. McInnis Entrance Scholarship in Business is awarded to a student who has graduated from a Prince Edward Island high school and is entering the Faculty of Business at the University of Prince Edward Island. The scholarship requires a minimum average of 75% and recognizes students who contribute to the community through volunteer work. In the event of two or more equally qualified candidates, financial need will be considered. This scholarship was created by Dan and David McInnis to honour their father, Wilbert C. McInnis, who graduated from St. Dunstan's University in 1951 and received an honorary Doctor of Laws degree from UPEI in 1995. Mr. McInnis devoted his life to developing the family insurance brokerage firm, Peake and McInnis, and served on various community boards including the UPEI Board of Governors, the Queen Elizabeth Hospital Board, and the PEI School of Nursing Board.

The UPEI Administration & Finance Award in Engineering is awarded to a returning Engineering student who, in the opinion of the Engineering department, best combines academic performance and qualities desirable in a future engineer. This award recognizes excellence in both academic achievement and professional characteristics that align with engineering practice. The award is administered through the University of Prince Edward Island and is presented based on recommendation by the Chair of Engineering.

The UPEI Administration & Finance Award in Business Administration is awarded to a returning Business student who does well academically and demonstrates leadership ability. The recipient must have completed at least one work placement with high work-term journal evaluation and be actively pursuing the co-op designation. This award is part of UPEI's commitment to supporting outstanding students in the McDougall Faculty of Business who excel both in their academic performance and practical work experience through cooperative education programs.