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Startup Investment Fund (SIF)

by Maurice | February 5, 2023

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 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 pre-seed capital investment of up to $200,000.


When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants must:

  • be New Brunswick entrepreneurs,
  • have domain or technical expertise in market space, 
  • have 12-18 months of runway.

Application Steps:

1

Applicants must contact the Startup Investment Fund team at proposals@nbif.ca.

Documentation Needed: 

Applicants must submit:

  • a business plan, 
  • three-year financial projections with monthly detail for the first year, and quarterly detail for the following two.

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.

Program Contact:

Startup Investment Fund - NBIF

Related posts:

How to Start a Business in New Brunswick: Step-by-Step Guide for New Entrepreneurs
New Brunswick Small Business: Complete Guide for Entrepreneurs
Incorporating a Business in New Brunswick: Step-by-Step Guide for New Entrepreneurs
How to Register a Business in New Brunswick: Step-by-Step Guide for New Entrepreneurs

About Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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