grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|fromMinToMax
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Researchers And Facilities
Grant and Funding
grant_single|eligibleIndustries
  • Agriculture, forestry, fishing and hunting
  • Manufacturing
  • Information and cultural industries
  • Professional, scientific and technical services
  • Other services (except public administration)
grant_single|grantors
  • New Brunswick Innovation Foundation (NBIF)
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get a grant of up to $80,000, paid directly to the research institute, to cover 80% of the costs of R&D services such as applied research, proof of concept and prototyping, product testing and demos, and more.

grant_single_labels|terms_and_conditions

This grant equips small and medium-sized enterprises with substantial financial support to foster collaboration with research organizations and drive innovation projects. The financial structure emphasizes both significant external funding contributions and commitments from the businesses themselves.
  • The Fund covers 80% of total project costs, up to a maximum of $80,000 for the first two vouchers.
  • Following the initial two vouchers, potential additional vouchers provide up to 50% funding, capped at $50,000.
  • The grant requires companies to cover the remaining project costs (20% initially, 50% for additional vouchers).
  • Non-repayable funds are dispensed directly to collaborating research organizations for the project.
  • Funds must be strictly utilized for eligible expenses related to research and development services.
  • Ineligible costs include administrative fees, in-house personnel expenses, and basic professional services.

grant_single_labels|projects

The NBIF Innovation Voucher Fund supports projects that drive innovation through applied research and collaboration between SMEs and research organizations. Projects should focus on developing and commercializing new or improved products, processes, or technologies that boost competitiveness and profitability.
  • Applied research to develop new innovations.
  • Proof of concept for innovative ideas.
  • Prototyping new products or technologies.
  • Product testing to ensure feasibility and performance.
  • Product demonstrations to showcase new innovations.
  • Product evaluations and certifications to comply with industry standards.
  • Industrial and process engineering services for enhanced productivity.
  • Provision of scientific or technology-related advice and support.
grant_single|admissibleProjectsExample

$ 80,000

Creation of a prototype for a new eco-friendly water filtration system

$ 80,000

Development of automated packaging system for a local organic food supplier

$ 68,000

Product testing and evaluations for a new type of biodegradable packaging

$ 76,000

Industrial engineering services to optimize manufacturing processes for an electronics firm

$ 80,000

Development of a new, energy-efficient HVAC system for schools

$ 73,600

Improvement of recycling processes for an environmental cooperative initiative

grant_single_labels|admissibility

Eligibility for this grant is contingent upon meeting certain criteria related to the company’s registration, size, and operational history.
  • The company must be provincially or federally incorporated and registered to carry on business in New Brunswick.
  • The company must have fewer than 500 employees.
  • The company must have a 24-month operating history.

grant_eligibility_criteria|who_can_apply

The Innovation Voucher Fund is specifically designed for small and medium-sized enterprises (SMEs) operating within the province of New Brunswick. To be eligible, these businesses need to demonstrate a commitment to innovation and have a strategic focus on expanding through knowledge and technology. The Fund aims to support those SMEs that wish to engage research organizations to aid in developing and commercializing new or improved products, processes, or services.Eligible companies must:- Be provincially or federally incorporated and registered to carry on business in New Brunswick.- Have fewer than 500 employees.- Have at least 24 months of operating history.While the Fund is open to eligible companies across various industries, priority will be given to those in New Brunswick Innovation Foundation’s strategic sectors such as information and communication technology, industrial fabrication, biosciences, value-added wood, value-added food, aerospace and defense, and energy.

grant_eligibility_criteria|who_cannot_apply

The grant does not specify explicit exclusions based on company types or industries apart from general eligibility criteria. It appears open to all industries within New Brunswick, with priority given to certain strategic sectors.

grant_eligibility_criteria|eligible_expenses

The grant supports small and medium-sized enterprises (SMEs) in New Brunswick to collaborate with research organizations for innovative projects. Eligible activities focus on various stages of research and development to advance new or improved products, processes, or technologies.
  • Applied research projects for innovation development.
  • Proof of concept endeavors to validate innovative ideas.
  • Prototyping of new products or technologies.
  • Product testing to ensure quality and effectiveness.
  • Product demonstrations showcasing innovative solutions.
  • Product evaluations and certifications to meet industry standards.
  • Industrial or process engineering services to optimize operations.
  • Scientific and technology-related advice and support for new initiatives.

grant_eligibility_criteria|zone

This grant specifically targets small and medium-sized enterprises (SMEs) operating within a specific Canadian province to foster regional growth. Eligible geographical areas are restricted to ensure that they align with the local economic development priorities.
  • Corporations that are provincially or federally incorporated and registered to carry on business in New Brunswick.

grant_single_labels|criteria

The evaluation and selection of projects for the Innovation Voucher Fund are based on specific criteria to ensure they fulfill the objectives of the fund, such as fostering collaboration with research organizations and enhancing SME competitiveness through innovation.
  • Innovation: Projects must introduce a new or significantly improved product, process, or service demonstrating originality and inventiveness.
  • Business Case: A strong, well-developed business case illustrating the viability and sustainability of the project.
  • Market Potential: Clear evidence of strong market demand and potential for commercial success.
  • Feasibility: Demonstrated commercial and financial feasibility of the project, showing that it can be successfully developed and implemented.
  • Competitive Advantage: The ability of the project to generate a sustained competitive advantage for the company.
  • Economic Impact: Potential for generating significant economic benefits for the Province of New Brunswick.

grant_single_labels|apply

1

2

3

4

grant_single_labels|otherInfo

Here is additional relevant detail for this grant:
  • Intellectual property created as a result of the project will be owned by the company that receives the voucher, unless otherwise agreed upon by the company.

Apply to this program

More grants like this

NBIF — Emerging Concepts and Technologies Program -
Grant and Fundinggrant_card_status|open
Support for early-stage emission-reduction technology development
New Brunswick Research and Development Tax Credit -
Tax Creditsgrant_card_status|closed
Tax credit for R&D in New Brunswick
NBIF Startup Investment Fund -
Other SupportPartnering and CollaborationLoans and Capital investmentsgrant_card_status|open
Seed capital for new products, services and technologies in New Brunswick
ACOA Jobs and Growth Fund — For Profit -
Grant and Fundinggrant_card_status|open
Money to future-proof your Atlantic Canada for-profit business
NBIF — Corporate Cleantech Innovation Fund -
Grant and Fundinggrant_card_status|open
Supporting CleanTech innovation in New Brunswick businesses
Sustainable Canadian Agricultural Partnership in New Brunswick -
Grant and Fundinggrant_card_status|open
Funds for agri-food sustainability in New Brunswick
Commercial Buildings Retrofit Program -
Grant and Fundinggrant_card_status|open
Financial incentives for energy efficiency in New Brunswick
NBIF — CleanTech Accelerator Program -
Partnering and Collaborationgrant_card_status|open
NBIF partners with Foresight for CleanTech startups accelerator program
Aquaculture Loans and Loan Guarantees -
Loans and Capital investmentsgrant_card_status|open
Financing for aquaculture activities in New Brunswick
Improving Crop and Livestock Health and Quality -
Grant and Fundinggrant_card_status|open
Funding to reduce pests and diseases in New Brunswick agriculture