New Brunswick Start Up Business Grants (2023): Current List of Programs
Searching for New Brunswick start up grants?
On this page you'll find a complete, current list of new business grants for New Brunswick entrepreneurs.
Start Up Business Grants in New Brunswick - Current Programs
In addition to New Brunswick business grants for start ups, the list below includes other types of programs, such as loans, tax credits, and more.
Click on one (or more) of the blue buttons to filter the list. And to get detailed information about each funding programs, just click "Read More" below each excerpt:
Amount:$10,000 Type of Program:Competition Description:The Apex Business Plan Competition challenges participants to be innovative and creative as they develop, direct, organize and present a business plan or new venture to a panel of judges and mentors. The competition has two tracks: 1The Student business plan track (open for students enrolled in post-secondary institutions);2The New venture track
Amount:N/A Type of Program:Entrepreneurship Program Description:The ARTrepreneur-in-Residence program accepts creators from all disciplines looking to start and grow their business in Fredericton. Located in Planet Hatch, Fredericton’s core entrepreneurial hub, ARTrepreneurs will be given the necessary tools to begin building their business and professional network through free business tools such as mentorship, office and meeting
Amount:No Fixed Amount Type of Program:Grants Description:The Business Start-Ups Incentive Program aims to promote and encourage job creation and economic development within the downtown area and elsewhere in the City. Comments on Funding:Funding is:1a contribution equal to six-month rent to a maximum of $5,000 for businesses within the downtown area;2a contribution equal to three-month rent to
Amount:$5,000.00 Type of Program:Grants Description:Catalyst Funding supports entrepreneurs, companies, students and fail forward applicants with their early-stage market validation & engagement activities, including: market studies or surveys, travel to access potential markets or customers, hiring of expertise to assist with development of a business/financial model, any costs relating to connecting to the market or potential
Amount:$10,000.00 Type of Program:Grants Description:The Ignition Fund is designed to help early-stage changemakers kick-start their validated idea into business model development and for mvp prototype development. Comments on Funding:Funding for entrepreneurs and companies is up to $10,000.Funding for fail forward applicants is up to $10,000.Funding awards are taxable. When It Ends:Ongoing Deadline:Rolling DeadlineEligibility:Applicants must: be entrepreneurs/companies
Amount:$5,000.00 Type of Program:Grants Description:The NouLAB Prototype Fund provides funding of up to $5,000 to NouLAB teams to prototype ideas to address complex issues. Comments on Funding:Funding is up to $5,000.Applicants are eligible for only one funding application per team for prototyping.Funding awards are taxable. When It Ends:Ongoing Deadline:Rolling DeadlineEligibility:Applicants must: be NouLAB teams who
Amount:$2,000.00 Type of Program:Grants Description:The Saint John Internship Fund is designed to help early-stage entrepreneurs & companies at pilot sites in Saint John employ Student (including SAP) Interns to assist with market validation, market research, business innovation & development within an experiential learning plan. Comments on Funding:Funding is up to $2,000.Applicants are only eligible to be
Amount:$100,000.00 Type of Program:Grants Description:The Early Stage Commercialization Fund (ESCF) helps move New Brunswick university, college and institutional research to market. The ESCF assists the academic & institutional research communities in pursuing commercialization opportunities by providing up to $50,000 in funding and go-to-market support. Projects can be applied for in one of two phases:Phase 1:
This program is currently closed. Amount:No Fixed Amount Type of Program:Loan Description:The Fisheries Loans (New Entrant Loan) provides financial assistance in the form of loans to New Brunswick new entrant fishers. Direct loans may be provided to finance viable projects for the construction, purchase or repairs of commercial fishing vessels, as well as for the
Amount:$25,000 Type of Program:Investment Description:Led in partnership with the New Brunswick Innovation Foundation, the Fraser Student Venture Fund provides students the opportunity to research and analyze businesses that are in the start-up stage of development and award cash investments to those they consider investment ready. Working with the FSVF offers companies a unique opportunity to
Amount:$10,000 Type of Program:Grants Description:Mount Allison University has a growing portfolio of opportunities available to fund entrepreneurial ideas. With entrepreneurship funding, the applicant could: 1start a new business;2pivot or expand an existing business;3create a social initiative;4pursue a cultural project.Comments on Funding:Funding will take the form of:1Ignite Grants between $3,000-$5,000 (for part-time commitment and solutions not fully
Amount:$1,500.00 Type of Program:Grants, Loan Description:The Future Entrepreneur Loan program provides funding to youth aged 14 to 19 from the Chaleur region who wish to acquire work experience by creating their own micro-enterprise. Comments on Funding:Funding is a loan up to $1,500 with 0% interest and a flexible reimbursement schedule. Up to 30% of the
Amount:$1,500 Type of Program:Loans Description:The Future Entrepreneur Loan program is designed to allow young people to create their micro-enterprise, thereby enabling them to acquire unforgettable work experience and to develop as an entrepreneur. Comments on Funding:Funding is a loan up to $1,500 with 5% interest and a flexible reimbursement schedule. Up to 30% of the loan
Amount:$25,000.00 Type of Program:Loan Description:The Impact Loan program provides up to $25,000 in working capital for startups and expansion projects for entrepreneurs in the Greater Fredericton Region. Comments on Funding:Funding is a $25,000 repayable loan. Typical repayment terms are between 12 and 60 months, with low interest rates and no penalties for early repayment. Interest rates
Amount:$25,000 Type of Program:Loans Description:The Impact loan program is designed to offer a business start-up loan and expansion financing of up to $25,000 for small and medium-sized businesses in Greater Moncton. Comments on Funding:Funding is a loan of up to $25,000. When It Ends:Ongoing Deadline:Rolling deadlineEligibility:The applicant must be: a small and medium-sized business; a business
Amount:No Fixed Amount Type of Program:Loan Guarantee Description:The Department of Agriculture, Aquaculture and Fisheries (DAAF) provides loan guarantees to promote development of the agriculture sector as a complementary lender. Clients interested in a DAAF loan guarantee must first seek financing from a private lender.Comments on Funding:There is a loan guarantee fee of 1.5 % of
Amount:No Fixed Amount Type of Program:Loan Description:The Department of Agriculture, Aquaculture and Fisheries (DAAF) provides repayable loans to promote development of the agriculture sector as a complementary lender. Clients interested in a DAAF loan must first seek financing from a private lender. DAAF’s loan program may then be available to help fill the gap between
Amount:$8,000.00 Type of Program:Grants Description:The JEDI Aboriginal Development Fund (JADF) provides funding to entrepreneurs/existing businesses and communities to support business and community economic development planning in the First Nation communities of New Brunswick. Comments on Funding:Funding for Community Economic Development is up to 50% of total planning costs, not to exceed $8,000.Funding for Business/Entrepreneurship Development
Amount:$50,000 Type of Program:In-Kind Support, Loan Description:LaunchSocial gives social enterprises flexible, revenue-based, and ‘drawn-over-time’ options for low-interest loans that can go up to $50,000 for first-time borrowers, without requiring personal guarantees. Comments on Funding:Funding is a loan of up to $50,000. When It Ends:Ongoing Deadline:Rolling deadlineEligibility:The applicant must have a registered ownership interest in the property
Amount:$7,500 Type of Program:Loans Description:MicroWorks provides loans up to $7,500 to help kickstart a small business or get the equipment, clothing, training or temporary transportation necessary to take a job opportunity. Comments on Funding:Funding is a loan of up to $7,500. When It Ends:Ongoing Deadline:Rolling deadlineEligibility:The applicant must: have a business idea or opportunity; be 18
This program is currently closed. Amount:$750,000.00 Type of Program:Loan Description:The New Entrant Farmer Loan Program provide financial assistance, in the form of loans, to persons entering into the agriculture sector. The program is designed to assist in the purchase of a farm and can complement other sources of lending such as Farm Credit Canada and
Amount:N/A Type of Program:In-Kind Support Description:The OASIS program is a community mentorship program providing significant value to small businesses. OASIS will support businesses with a database of qualified mentors, professional development sessions and access to community networking activities. Participants are mentored approximately 30 minutes a week for 12 weeks during which they work with a
Amount:$10,000 Type of Program:Competition Description:The Pitch is a Dragon’s Den style event where Mount Allison students have the opportunity to pitch their business idea or social innovation project to a panel of judges. Comments on Funding:Funding will take the form of 3 cash prizes of up to $10,000 each. When It Ends:Ongoing Deadline:Next deadlines to be
Amount:$10,000 Type of Program:Grants Description:The RBC Technology Commercialization Program is a grant program that allows startups and aspiring entrepreneurs to apply for seed capital to conduct market validation and prototyping of their product. The grant program is divided into three rounds, where incremental funding will be granted to applicants as they develop their business. Comments on
Amount:No Fixed Amount Type of Program:Grant, In-Kind Support Description:The Self-Employment Benefit (SEB) Program often provides a much needed catalyst for new entrepreneurs, helping them to realize their goal of becoming a business owner by providing them with financial and coaching support during the planning and start-up phases of their business. Self-Employment Benefit (SEB) is a
Amount:$25,000.00 Type of Program:Grants Description:The Seed Grant Fund provides a non-repayable grant of up to $25,000 to high-growth potential entrepreneurs in the Greater Fredericton Region. Funding can be used for prototyping, product and client validation and market entry activities. Comments on Funding:Funding is up to $25,000.Limited funding is available on an annual basis. When It
Amount:No Fixed Amount Type of Program:Grant, In-Kind Support Description:The Workforce Expansion Self-Employment Benefit Program provides various types of support during the initial development phase of the business including financial assistance, coaching and ongoing technical advice to unemployed individuals to create a job for themselves by starting a new business. Comments on Funding:Applicants who are receiving
Amount:$200,000.00 Type of Program:Investment Description: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
Amount:$25,000 Type of Program:Loans Description:The Startup Support: Access to Capital program offers the Impact Loan that helps foster small and medium-sized businesses in Saint John. Comments on Funding:Funding is a loan of up to $25,000, with flexible repayment terms and low interest rates. When It Ends:Ongoing Deadline:Rolling deadlineEligibility:Applicants must: be small and medium-sized businesses in Saint
Amount:$3,000.00 Type of Program:Loan Description:The Student Entrepreneurship component provides an interest-free loan of up to $3,000 to help students start a summer business that will create at least one full-time student summer job and provide the applicant with a valuable business experience. Comments on Funding:Funding is up to $3,000. If the loan has been repaid
Amount:$500,000 Type of Program:Investment Description:The Ventrure Capital Fund provides New Brunswick startups with the venture capital they need to rapidly grow and deliver their innovative products to customers. This investment will take the form of equity through the purchase of preferred shares, common shares or issuance of convertible debentures.Capital raised from the Venture Capital Fund
Amount:N/A Type of Program:In-Kind Support Description:The Youth Entrepreneurship Development Initiative (YEDI) is designed to encourage and support new and existing youth entrepreneurs, as well as provide resources and information to youth so that they can examine the option of self- employment as a viable career path. Comments on Funding:No funding provided. When It Ends:Ongoing Deadline:Rolling deadlineEligibility:Applicants
