New Brunswick Innovation Foundation (NBIF)
Venture Capital & Research Funding
|Record #: HDC3012||Last Modified: 30 Jul 2015||Last Full Update: 14 Jul 2015|
|Toll Free Phone||1-877-554-6668|
|Primary Executive||Calvin Milbury, President & CEO|
|Street Address||King's Place
440 King St, Suite 602, 6th Floor King Tower
Canada 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)||NBIF is an independent, not-for-profit corporation that invests in new growth-oriented companies and applied research activities. With over $62 million invested, plus $348 million leveraged from other sources, NBIF has helped to create over 86 companies and fund 400 applied research projects since its inception in 2003. All of NBIF’s investment returns go back into the Foundation to be re-invested in other new startup companies and research initiatives.
Our investments range from $50,000 to $1,000,000 per round, however, Investments in pre-revenue companies are generally capped at $250,000. We can invest alone, and prefer to syndicate with other investors to fully fund the venture. Your product or service should fit within one of our strategic industries. However, we will look at any opportunity that is focused on innovation and growth.
Established businesses with a product or process development idea can apply for an innovation voucher up to $80,000 to cover 80% of the cost of R&D services at one of our approved New Brunswick research institutions. Here's the best part: we will help you find the experts you need, your company will own any intellectual property developed during the life of the project, and you don't have to pay us back.
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 biennual 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|