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NBIF Innovation Voucher
Funding for R&D at a New Brunswick research institution
Last Update: March 4, 2026
Funding available
$ 10,000 - $ 80,000
Timeline
- Open Date : August 9, 2023
Location
New Brunswick, Canada
Overview
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.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Develop a new product or service
- Conduct research and development activities
Eligible Funding
- Maximum amount : 80,000 $
- Minimum amount : 10,000 $
- Up to 80% of project cost
Timeline
- Open Date : August 9, 2023
Eligible candidates
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Other services (except public administration)
Location
- New Brunswick
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- 500 employees maximum
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
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.
Eligibility
Who is eligible?
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.Who is not eligible
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.
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.
Eligible geographic areas
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.
Additional information
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.
Frequently Asked Questions about the NBIF Innovation Voucher Program
Here are answers to the most common questions about the NBIF Innovation Voucher. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the NBIF Innovation Voucher?
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.
How much funding can be received?
NBIF Innovation Voucher Funds up to 80% of admissible expenses, capped at $80,000 per project.
Who is eligible for the NBIF Innovation Voucher program?
To be eligible for the NBIF Innovation Voucher program, you must:
Be provincially or federally incorporated and registered to carry on business in New Brunswick.
Have fewer than 500 employees.
Have 24 months operating history.
What expenses are eligible under NBIF Innovation Voucher?
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.
Who can I contact for more information about the NBIF Innovation Voucher?
You can contact New Brunswick Innovation Foundation (NBIF).
Where is the NBIF Innovation Voucher available?
The NBIF Innovation Voucher program is available the province of New Brunswick.
Is the NBIF Innovation Voucher a grant, loan, or tax credit?
NBIF Innovation Voucher is a Researchers And Facilities