Venture Capital Fund (VCF)
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 is intended to fully support a business for a 12 to 18-month period.
Comments on Funding:
Funding will take the form of seed investment (i.e., preferred shares, common shares or convertible debentures) ranging from $200,000 to $500,000 per round.
When It Ends:
Ongoing
Deadline:
Rolling Deadline
Eligibility:
The applicant must:
Application Steps:
Applicants must contact the Venture Capital Fund team at proposals@nbif.ca
Documentation Needed:
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.
