Major Industries in New Brunswick: Overview of 6 Industries of the Future

If you’re interested in starting a business in New Brunswick, you’ve come to the right place. As one of Canada’s four provinces of Atlantic Canada, New Brunswick is known for its natural resources and diverse economy. The province’s strategic location and transportation infrastructure make it an attractive destination for businesses looking to expand their operations in the Atlantic region.

Overall, New Brunswick’s economy is diverse and resilient, with a range of industries contributing to its growth and development. In this guide we cover the six industries that the Government of New Brunswick has identified as growth industries and are supporting with funding programs and more.

Advanced Manufacturing in New Brunswick

Advanced manufacturing is characterized by the use of innovative technologies, such as automation, artificial intelligence, and 3D printing, to improve efficiency and productivity. It encompasses a wide range of industries, from aerospace and defense to biotechnology and pharmaceuticals.

New Brunswick has a strong presence in advanced manufacturing, with a number of companies operating in the province. Some of the key players in the industry include:

  • Irving Oil: a family-owned energy company that operates the largest refinery in Canada, located in Saint John, New Brunswick.
  • Cooke Aquaculture: a global seafood company that produces Atlantic salmon, trout, and other seafood products.
  • McCain Foods: a multinational food company that produces frozen french fries and other potato products.

In addition to these large companies, there are also a number of smaller, innovative startups operating in the advanced manufacturing space in New Brunswick. These companies are focused on developing new technologies and products, and are often supported by government programs and initiatives.

Overall, advanced manufacturing is a key industry in New Brunswick, and is expected to continue to grow in the coming years. If you are interested in working in this sector, there are a number of opportunities available in the province.

Agritech in New Brunswick

New Brunswick has a well-established agricultural sector, with a highly-skilled workforce and expertise that has supported the industry for generations. The province is known for its farming, forestry, and fisheries, and it has the value chain to support growing things. If you are interested in the intersection of technology and agriculture, you may want to explore the opportunities in agritech in New Brunswick.

The government of New Brunswick provides financial assistance for the tools, strategic infrastructure, innovative technologies, and resources needed to improve the agricultural industry’s competitiveness, profitability, and sustainability. The Agri-Industry Development & Advancement program aims to support the New Brunswick agricultural industry in efforts to sustain, develop, and/or expand markets, both domestic and international. Funds are available to support research and development, marketing and promotion, and environmental stewardship.

In addition to the cutting-edge agtech companies in New Brunswick such as Resson, there are research institutions and programs that focus on agritech. For example, the Aquatic and Crop Resource Development Centre in Fredericton conducts research on crop breeding and development, soil and water management, and pest management.

Overall, agritech is an exciting field with a lot of potential in New Brunswick. With a supportive government and a strong agricultural sector, there are many opportunities for innovation and growth in this area.

Cybersecurity in New Brunswick

As technology advances, so does the risk of cyber attacks. Cybersecurity is crucial to protect sensitive information and maintain the integrity of digital systems. Fortunately, New Brunswick is a leader in cybersecurity research and innovation.

The Canadian Institute for Cybersecurity at the University of New Brunswick is a world-class research facility that focuses on developing innovative solutions to cybersecurity challenges. The institute collaborates with industry partners and government agencies to provide cutting-edge cybersecurity research and training.

In addition to the Canadian Institute for Cybersecurity, New Brunswick has a thriving cybersecurity ecosystem that includes government, industry, and academia. This ecosystem is uniquely positioned to help meet the evolving cybersecurity challenges faced by individuals and organizations.

The provincial government has also recognized the importance of cybersecurity and has made significant investments to support the growth of the cybersecurity sector. The federal government has also provided support through the Atlantic Canada Opportunities Agency (ACOA), which helps to strengthen and diversify the economy by supporting emerging sectors like cybersecurity.

Overall, New Brunswick’s expertise in cybersecurity research and innovation, combined with its supportive ecosystem and government investments, make it an ideal location for businesses and individuals looking to protect themselves against cyber threats.

Digital Health in New Brunswick

New Brunswick is quickly becoming a hub for digital health, with a thriving ecosystem of startups, research facilities, and established companies. Digital health refers to the use of technology to improve healthcare, ranging from telemedicine to wearables to artificial intelligence.

One of the key players in the digital health sector in New Brunswick is the New Brunswick Health Research Foundation. This organization works to improve the health of New Brunswickers through research and innovation, including in the digital health space. They have funded a number of projects related to digital health, such as the development of a virtual care platform and the use of AI to improve patient outcomes.

There are also a number of startups in the digital health space in New Brunswick. For example, Eigen Innovations is a company that uses AI to improve manufacturing processes in the healthcare industry. Another startup, Tenera Care, has developed a wearable device that helps seniors and people with disabilities to stay safe and connected.

Overall, the digital health sector in New Brunswick is growing rapidly, with a number of organizations and companies working to improve healthcare through technology. With a supportive ecosystem and a focus on innovation, New Brunswick is well-positioned to continue to be a leader in this space.

Energy Innovation in New Brunswick

New Brunswick is charging forward in energy innovation and is actively supporting the growth of the province’s diverse energy sector. The government of New Brunswick has been investing in the development of sustainable energy solutions to meet the energy needs of the province. Here are a few exciting energy-related goings-on in New Brunswick:

  • The Belledune Port Authority aims to become the province’s first green energy hub. The port is planning to install renewable energy infrastructure, including wind and solar, to reduce its carbon footprint and promote sustainable practices.
  • The Energy Transformation Innovation research group at the University of New Brunswick, in partnership with Siemens Canada and NB Power, is looking at solutions that electrical utilities need and the new business models that will allow them to survive and thrive. The group is researching and developing new technologies to transform the energy sector and make it more efficient.
  • The Smart Grid Innovation Network (SGIN) has partnered with innovative organizations like Siemens, NB Power, UNB, and Emera. Via the SGIN, New Brunswick provides companies the sandbox environment needed to validate their products and services. This initiative has attracted a number of companies to the province, including those working on energy storage, smart grid technologies, and renewable energy systems.
  • New Brunswick is also home to The Smart Energy Company, which has been driving innovation in renewable energy. The company has developed and manufactured solar racking systems that can make the most of the snowy climate in the province. Their unique design puts the back of the solar panel to work as well, capturing the sun’s rays that reflect off the snow and increasing the panel’s efficiency.

Overall, New Brunswick is making great strides in energy innovation and is well-positioned to become a leader in sustainable energy solutions.

Information & Communications Technology in New Brunswick

New Brunswick has a thriving Information and Communications Technology (ICT) sector, which is one of the largest sectors in the province. With over 700 innovative companies employing more than 30,000 people, the ICT sector is a significant contributor to the province’s economy.

Opportunities New Brunswick (ONB) is a provincial government agency that accelerates growth and creates jobs across the province. ONB has been instrumental in supporting the growth of the ICT sector by attracting leading technology companies like IBM, Salesforce, CGI, Xerox, MNP, Tech Mahindra, Cardinal Path, HCL Technologies, and more to the province.

The ICT sector in New Brunswick offers a range of opportunities for skilled professionals, entrepreneurs, and investors. Some of the key areas of focus in the sector include:

  • Software development and engineering
  • Cybersecurity
  • Data analytics and artificial intelligence
  • Digital media and e-commerce
  • Telecommunications and networking
  • Information technology consulting and services

The ICT sector in New Brunswick is constantly evolving, driven by technological innovation, changing market demands, and global competition. As a result, the sector offers exciting opportunities for entrepreneurs who are passionate about technology and eager to learn and grow.

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