Type of Program:
The Startup Investment Fund (SIF) provides New Brunswick entrepreneurs with the investment capital they need to develop their product into a commercially viable venture. This investment will take the form of equity through the purchase of common shares or issuance of convertible debentures. Initial investment from NBIF is expected to be used to leverage additional funding from other investors or funding agencies to fully support the business for a 12 to 18-month period.
Comments on Funding:
Under the SIF, companies are eligible for seed capital investment of up to $200,000.
When It Ends:
Applicants must contact the Startup Investment Fund team at email@example.com.
Applicants must submit:
Investors would also like to see a plan towards raising additional rounds of financing, to see the milestones that will create a path that will allow you to raise larger rounds of financing at a higher valuation.
Other Things to Note:
As an early stage seed fund, NBIF's Startup Investment Fund will have a higher risk tolerance than the Venture Capital Fund.