Amount:No Fixed Amount Type of Program:Investment Description:The Lab-to-Market Fund aims to accelerate the development of technologies that have commercial applications. This fund supports activities that help develop new or improved technologies and/or transfer knowledge that address specific, well-defined market problems.Comments on Funding:Funding is up to 33% of projects with NB SMEs or not-for-profit organizations, and…
Amount:$20,000.00 Type of Program:Grants Description:The purpose of the AI Pre-Voucher Fund is to help foster the creation of new industry-academia collaborations by allowing an industry partner to explore a small project related to an artificial intelligence (AI) application with an academic partner, at no cost. The project must center around the use of applied AI…
Amount:$80,000.00 Type of Program:Grants Description:The Innovation Voucher Fund (IVF) was designed to provide small and medium-sized businesses in New Brunswick with the scientific expertise and facilities they need to accelerate their growth through research and development (R&D). This includes new products or operational efficiencies.Comments on Funding:Funding is up to $80,000 to cover 80% of the…
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…
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:…
