New Brunswick Innovation Foundation (NBIF)
Venture Capital & Research Funding
|Toll Free Phone||1-877-554-6668 |
|Primary Executive||Calvin Milbury, President & CEO|
|Street Address||440 King St, Suite 602, 6th Floor King Tower|
Fredericton, NB E3B 5H8
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|Mailing Address||c/o New Brunswick Innovation Foundation |
440 King St, Suite 602 King Tower
Fredericton, NB E3B 5H8
|Description & Services|
|Description of service(s)||The New Brunswick Innovation Foundation (NBIF) is an independent, not-for-profit corporation that makes venture capital investments in new start-up companies, funds product development for established businesses, and applied research at publicly-funded New Brunswick research organizations. |
Entrepreneurs seeking venture or seed capital can apply to NBIF with a formal business plan. Investments range from $50,000 to $500,000 per round. With success, NBIF may make follow-on investments.
Established businesses with a product or process development idea can apply for an innovation voucher for up to $80,000 to cover 80% of the project cost. NBIF will assist the business with finding the research scientist or engineer needed to lead the project, at one of New Brunswick's research organizations. Intellectual property developed during the life of the project will be the property of your company.
Researchers at the province's colleges, universities and research organizations can apply for a variety of funding programs for applied research, research assistants and research technicians.
NBIF also hosts Breakthru, a $400,000 biannual province-wide business plan competition - a unique opportunity for aspiring New Brunswick entrepreneurs to turn their innovative idea into a real business venture. This is an un-paralleled opportunity to access start-up capital, mentoring and professional support – exactly what you need to launch a new business successfully.
|Areas Served||New Brunswick|
|Eligibility||To receive funding from NBIF, companies and research organizations must be headquartered or have operations in the province of New Brunswick. Individuals must be legally entitled to work in Canada. Start-up companies do not have to be already incorporated to apply for venture capital.|
|Languages||English ; French|
|Located In Community||Fredericton|
|Service Level||(50) Non Profit|
|Meetings||By appointment only.|
|Subjects||Employment ; Leadership training ; Universities ; Vocational training ; Youth|
|Broader Terms||Age groups ; Education ; Educational institutions ; Educational organizations ; Educational programs ; Instructional programs ; Vocational training|