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NBIF Startup Investment Fund - New Brunswick - Canada
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NBIF Startup Investment Fund

Seed capital for new products, services and technologies in New Brunswick
New Brunswick Innovation Foundation (NBIF)
Last Update: March 4, 2026
Funding available
$ 200,000
Timeline
  • Open continuously
Location
New Brunswick, Canada

Overview

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.

/100
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
  • Access new markets
Eligible Funding
  • Maximum amount : 200,000 $
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • Information and cultural industries
  • Professional, scientific and technical services
Location
  • New Brunswick
Legal structures
  • For-profit business
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Startups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

This fund is designed to assist New Brunswick-based businesses in refining and commercializing their innovative products or services. The eligible activities focus on demonstrating commercial viability and positioning the company for further investment rounds.

  • Development and refinement of innovative technologies.
  • Commercialization of minimum viable products.
  • Market validation through acquiring early adopters or initial customers.
  • Preparation for subsequent rounds of investment financing.

Eligibility

Who is eligible?

This grant is dedicated to early-stage companies in New Brunswick who have a focus on innovation and commercial viability. To secure pre-seed equity investment, projects must demonstrate significant potential and meet specific criteria.

  • Potential to scale rapidly.
  • Possibility for Intellectual Property development (note: not mandatory).
  • Presence of a Minimum Viable Product (MVP).
  • Novelty in concept or uniqueness in the business model.
  • A large, addressable and target market with globally relevant market validation from customers.
  • Possession of a strong team, including co-founders and a well-rounded management team based in New Brunswick.
  • Domain or technical expertise in the relevant market space.
  • Financial runway plans covering a minimum of 12-18 months.
  • Three-year financial projections with monthly details for the first year and quarterly details for the following two years.

Eligible expenses

The Startup Investment Fund (SIF) supports the growth and commercialization of innovative products and technologies in New Brunswick. The eligible projects focus on refining business models, developing minimum viable products, and achieving market validation.

  • Development and commercialization of technology or innovative product.
  • Creation of a minimum viable product (MVP) for market testing.
  • Refinement of business models and strategies for scale-up.
  • Demonstrating the commercial viability of a product or idea.
  • Building a strong co-founder and management team in New Brunswick.
  • Pursuing intellectual property opportunities.
  • Market validation through potential customer engagement.

Eligible geographic areas

This investment fund is available to companies established in New Brunswick. It aims to foster innovation and business development within this specific geographical area.

  • Companies based in New Brunswick, Canada.

Additional information

Here are additional relevant details for this grant:

  • Investments may be made through preferred shares, common shares, or convertible debentures.
  • The investment aims to help startups reach their next round of financing within 12-18 months.
  • The investment team provides support beyond financial investment, including mentorship and network access.
  • Strategic partnerships offer applicants significant discounts on services such as AWS credits and CRM tools.

Frequently Asked Questions about the NBIF Startup Investment Fund Program

Here are answers to the most common questions about the NBIF Startup Investment Fund. 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 Startup Investment Fund?

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.

How much funding can be received?

NBIF Startup Investment Fund Funds up to $200,000 of admissible expenses.

Who is eligible for the NBIF Startup Investment Fund program?

To be eligible for the NBIF Startup Investment Fund program, you must: The company must be based in New Brunswick and focused on developing and commercializing their innovative product or service. The start-up should demonstrate initial traction, such as having early adopters, revenue, or having secured additional non-dilutive capital. The business must have a strong team with co-founders and domain or technical expertise, operating from New Brunswick.

What expenses are eligible under NBIF Startup Investment Fund?

This fund is designed to assist New Brunswick-based businesses in refining and commercializing their innovative products or services. The eligible activities focus on demonstrating commercial viability and positioning the company for further investment rounds. Development and refinement of innovative technologies. Commercialization of minimum viable products. Market validation through acquiring early adopters or initial customers. Preparation for subsequent rounds of investment financing.

Who can I contact for more information about the NBIF Startup Investment Fund?

You can contact New Brunswick Innovation Foundation (NBIF).

Where is the NBIF Startup Investment Fund available?

The NBIF Startup Investment Fund program is available the province of New Brunswick.

Is the NBIF Startup Investment Fund a grant, loan, or tax credit?

NBIF Startup Investment Fund is a Other Support

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