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Atlantic Innovation Fund (AIF)

Amount:$3,000,000.00 Type of Program:Grants & Loan Description:The Atlantic Innovation Fund (AIF) is helping Atlantic Canada compete at home and abroad by supporting the development of innovative products and services that lead to commercial success. AIF helps researchers and innovative businesses team up to develop new products and services and put them on the market.  Comments…

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Nova Scotia Capital Investment Tax Credit (CITC)

Amount: $ 30,000,000.00 Type of Program:Tax Credit Description:The Nova Scotia Capital Investment Tax Credit (CITC) is a 15% refundable corporate income tax credit claimed by eligible corporations for capital equipment acquired for use in Nova Scotia on or after January 1, 2015. The capital equipment must be acquired as part of an “approved project”.The CITC…

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Fisheries Loan Guarantee Program

Amount:$3,000,000 Type of Program:Loan Guarantee Description:The Fisheries Loan Guarantee Program supports the development of the province’s independent fish harvesting industry by providing a government guarantee on loans through local chartered banks for the construction or purchase of marine vessels and/or to purchase new engines and fishing equipment for the improvement, rebuilding or alteration of existing…

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Newfoundland and Labrador Interactive Digital Media (IDM) Tax Credit

Amount:$2,000,000 Type of Program:Tax Credit Description:The Newfoundland and Labrador Interactive Digital Media (IDM) is a refundable tax credit based on eligible salaries and eligible remuneration incurred by an eligible corporation for the development of interactive digital media products during the period of January 1, 2015 to December 31, 2024 inclusive. Applicants must apply to the…

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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…