Type of Program:
The Venture 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 common shares or issuance of convertible debentures.
Capital raised from the Venture Capital Fund is intended to fully support a business for a 12 to 18-month period.
Comments on Funding:
Under the VCF, startup companies are eligible for venture capital investment up to $500,000.
For companies that are generating revenue with early customer traction, NBIF's venture capital investments typically range from $200,000 to $500,000 per round.
When It Ends:
Applicants must submit a formal business plan to NBIF electronically at email@example.com as an application for funding.
If the business plan fits NBIF's investment strategy, the applicant and his key team members will be asked for a meeting to discuss the opportunity.
Applicants must submit: