Note the information in this profile has not been validated by the organization.
NBIF is a private, not-for-profit corporation that invests in startup companies and R&D. With over $85 million invested, plus $425 million more leveraged from other sources, NBIF has helped to create over 106 companies and fund 470 applied research projects since its inception in 2003, with a current portfolio of 47 companies. All of NBIF’s investment returns go back into the Foundation to be re-invested in other new startup companies and research initiatives.
NBIF's investment strategy focuses on five activities:
- Creating new ventures by offering equity capital, professional support, and networking opportunities
- Helping our startups become scale-ups through follow-on investing and strategic advice
- Investing in R&D that shows potential for commercialization
- Attracting investments by other capital and industrial partners
- Recruiting and developing outstanding R&D talent
Key Projects, Programs and Initiatives
Innovation Voucher Fund
The Innovation Voucher Fund encourages collaboration and partnerships between small-and medium-sized enterprises (SMEs) and research organizations. The Fund aims to accelerate innovation within SMEs by using the talent, capacity, and facilities of New Brunswick’s research organizations.
Projects may range in size from $10,000 to $100,000. NBIF will fund 80% of the total project costs, up to a maximum of $80,000. The company must meet each of the following criteria to be eligible for funding:
- Be provincially or federally incorporated and registered to carry on business in New Brunswick
- Have fewer than 500 employees
- Have 24 months operating history
While the Fund is open to eligible companies operating in all industries within New Brunswick, a priority will be given to those companies operating within one of NBIF’s strategic industries, namely information and communication technology, industrial fabrication, biosciences, value-added wood, value-added food, aerospace and defense, and energy.
Benefits
- Improve the profitability and the competitiveness of SMEs in New Brunswick through innovation.
Research Innovation Fund
The Research Innovation Fund (RIF) is designed to advance the province’s research community’s capacity to develop innovations that can be commercialized and have an economic impact on New Brunswick.
All academic and research organizations in New Brunswick can apply for investments under the RIF. All disciplines are considered, with emphasis placed on those that fit with NBIF’s strategic industries (Information & communication technology, energy & environment, biosciences, aerospace & defence, industrial fabrication, value added food, value added wood). Applications that demonstrate value-added relationships with the private sector are prioritized.