NBIF Startup Investment Fund
NB, Canada
Seed capital for new products, services and technologies in New Brunswick
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
Partnering and Collaboration
Other Support
grant_single|eligibleIndustries
- Information and cultural industries
- Professional, scientific and technical services
grant_single|grantors
- New Brunswick Innovation Foundation
grant_single|status
grant_card_status|open
grant_single_labels|preview
Existing companies may access up to $200,000 in funding for a new or improved product, service or technology that meets an unmet market need.
grant_single_labels|projects
There are specific projects eligible for this grant:
- Developing innovative technology products
- Commercializing unique services
- Refining and scaling novel business models
- Validating market potential through early traction
grant_single|admissibleProjectsExample
$190,000
Ottawa
Refining a business model for an online mental health service
$180,000
Calgary
Scaling a telehealth platform for rural healthcare
$180,000
Halifax
Launching a unique culinary tourism experience
$160,000
Toronto
Developing a cutting-edge AI tool for market analysis
$150,000
Montreal
Validating market potential for a new organic skincare line
$200,000
Vancouver
Commercializing an eco-friendly packaging solution
grant_single_labels|admissibility
The Startup Investment Fund (SIF) provides up to $200,000 of pre-seed equity investment to eligible New Brunswick companies to demonstrate commercial viability.
- Potential to scale rapidly
- Minimum Viable Product
- Novel concept or unique business model
- Large addressable and target market
- Strong team co-founders and management team in New Brunswick
- Minimum 12-18 months of runway
- Three-year financial projections and monthly and quarterly details
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant:
- Start-ups based in New Brunswick
- Companies with a focus on developing innovative technology, products, or services
- Businesses demonstrating commercial viability
- Companies with traction such as early-adopters, revenue, or previous non-dilutive capital
grant_eligibility_criteria|who_cannot_apply
Eligibility criteria for the Startup Investment Fund (SIF) are not explicitly outlined in the provided grant context. Therefore, there are no specific types of companies mentioned that are not eligible for this grant.
Nothing
grant_eligibility_criteria|eligible_expenses
- Product development costs
- Salaries for key team members
- Marketing and sales expenses
- Legal and professional fees
- Technology and equipment costs
grant_single_labels|criteria
When evaluating start-up investment opportunities, the program looks at factors such as product viability, team strength, market potential, and financial projections. They also prioritize companies with the potential for rapid scaling, intellectual property potential, and a novel or unique business model.
- Potential to scale rapidly
- Potential for Intellectual Property (not required)
- Minimum Viable Product
- Novel concept or unique business model
- Large addressable and target market
- Globally relevant, market validation from customers
- Strong team with domain or technical expertise
- Minimum 12-18 months of runway
- Three-year financial projections with detailed milestones
grant_single_labels|register
- Step 1: Submit an application
- Step 2: Undergo due diligence process
- Step 3: Negotiate terms of investment
- Step 4: Obtain appropriate approvals
- Step 5: Decision on investment
Apply to this program