Atlantic Canada Business Grants

Innovacorp

Early Stage Commercialization Fund (ESCF)

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: for technologies that have achieved proof of concept and are now in initial stages of development.

Phase 2: for projects that have clarified the opportunity for commercialization as well as target markets and potential revenue streams.  

Comments on Funding:

Funding is up to $50,000 for projects in either Phase 1 or Phase 2. A given project can receive at most one Phase 1 award and one Phase 2 award, up to a maximum of $50,000 in each phase.

When It Ends:

Ongoing

Deadline:

February 14, 2022

Eligibility:

Applicants must be:

  • research personnel, including professors, research staff, and faculty members, at approved New Brunswick research institutes,
  • undergraduate, graduate, and college students, as well as post-docs, provided a faculty member is a co-applicant.

Eligible expenses include: 

  • intellectual property development,
  • assessment of market potential,
  • development of go-to-market strategies,
  • business plans and strategic plans,
  • development of intellectual property protection strategies,
  • proof-of-concept or prototype development,
  • technology design and optimization. 

Application Steps:

1

Applicants should apply through the NBIF Research Portal 

Documentation Needed: 

​Applicants must submit:

  1. 1
    the application form,
  2. 2
    a technical report, including a financial report of expenses, at the end of the 1-year funding period.

Other Things to Note:

Innovacorp and New Brunswick Innovation Foundation (NBIF) are proud to be working together to deliver the Early Stage Commercialization Fund (ESCF) in both Nova Scotia and New Brunswick 

Program Contact:

​Early Stage Commercialization Fund (ESCF)

​Application Portal​​​

Nova Scotia First Fund

Amount:

No Fixed Amount

Type of Program:

Investment

Description:

The Nova Scotia First Fund provides financing for emerging venture-grade technology companies with high growth potential and attractive risk-return prospects. Target industries include information technology, life sciences, clean technology and ocean technology.  

Comments on Funding:

The fund co-invests with institutional, private sector and angel investors from across Canada and beyond.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicant must be:

  • early stage companies,
  • emerging venture-grade technology companies with high growth potential and attractive risk-return prospects,
  • located in Nova Scotia.

Application Steps:

​The applicant must:

1

 present the founders of the company and the investment opportunity to Innovacorp's investment team;

2

if selected, present a pitch to Innovacorp investment team for the opportunity to have the deal recommended for further approval;

3

if selected, deliver a pitch to Innovacorp's investment committee;

4

if approved, sign the closing documents.

Program Contact:

​Investment | Innovacorp

​Innovacorp Early Stage Venture Capital: Investment Process​​​

​What We Do For You​​​