Closed
NBIF Venture Capital Fund
Venture capital for high-risk, growth oriented New Brunswick companies
Last Update: March 4, 2026
Funding available
$ 500,000
Timeline
- Closing date : May 21, 2024
Location
New Brunswick, Canada
Overview
If you're on the verge of taking your product to market, you may be able to access $200,000 to $500,000 in venture capital.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop workforce skills
- Access new markets
- Launch or market a product/service
Eligible Funding
- Maximum amount : 500,000 $
Timeline
- Closing date : May 21, 2024
Eligible candidates
Eligible Industries
- All industries
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
The NBIF Venture Capital Fund supports the growth and scaling of New Brunswick start-ups with significant market traction. The eligible projects are focused on enabling rapid scale-up through strategic investment in key areas of business development.
- Product enhancement to improve functionality and performance.
- Marketing and branding initiatives to increase customer reach and market penetration.
- Employee recruitment to build a capable and adaptable team.
- Acquisition of additional intellectual property protection to safeguard innovations.
- Other early-stage business operations essential for scaling up and sustained growth.
Eligibility
Who is eligible?
This venture capital fund offers seed investment for New Brunswick start-ups exhibiting market traction and preparation for scaling-up. The program seeks companies with specific traits that ensure success and rapid growth.
- Companies generating meaningful revenue and showing market traction.
- A well-rounded team located in New Brunswick, including co-founders and management with domain expertise.
- Start-ups capable of securing interest from new investors.
- Businesses that have previously received non-dilutive capital such as grants or loans.
- Proven potential for rapid scaling and a large addressable target market.
- Globally relevant products with market validation from customers.
- A track record or potential for securing intellectual property, though not mandatory.
- Demonstrated minimum viable product and a unique business model.
- Ability to show financial projections (12-18 months runway) with detailed forecasts.
- Outline of a strategic plan for raising additional funding rounds.
Who is not eligible
There are specific types of companies that are not eligible for this grant.
- Companies without customers or market traction
- Companies that do not have a scalable business model
- Companies with limited growth potential
Eligible expenses
The seed investment from the Venture Capital Fund is designed to support activities that help New Brunswick start-ups enhance their products and expand their market reach. These activities focus on essential business operations that facilitate growth and competitive positioning in the market.
- Enhancement of existing products to meet market needs.
- Marketing and branding initiatives to increase customer acquisition.
- Recruitment of employees to expand operational capacity.
- Acquiring additional intellectual property protection.
- Supporting other early-stage business operations necessary for growth.
Eligible geographic areas
This grant specifically supports companies based in New Brunswick, ensuring regional ventures receive the necessary seed investment to grow.
- New Brunswick, Canada
Additional information
Here are additional relevant details for the applicant to consider:
- Investments are made through preferred shares, common shares, or convertible debentures.
- The start-up should have milestones laid out for raising additional rounds of financing.
- Having a co-founder and a well-rounded management team is emphasized.
- Investments aim to deliver decisions promptly post due diligence and approvals.
Frequently Asked Questions about the NBIF Venture Capital Fund Program
Here are answers to the most common questions about the NBIF Venture Capital 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 Venture Capital Fund?
If you're on the verge of taking your product to market, you may be able to access $200,000 to $500,000 in venture capital.
How much funding can be received?
NBIF Venture Capital Fund Funds up to $500,000 of admissible expenses.
Who is eligible for the NBIF Venture Capital Fund program?
To be eligible for the NBIF Venture Capital Fund program, you must:
Start-up must be located in New Brunswick.
Company should have a strong team, including co-founders and a well-rounded management team.
Business must demonstrate customer traction and generate meaningful revenue.
What expenses are eligible under NBIF Venture Capital Fund?
The NBIF Venture Capital Fund supports the growth and scaling of New Brunswick start-ups with significant market traction. The eligible projects are focused on enabling rapid scale-up through strategic investment in key areas of business development. Product enhancement to improve functionality and performance.
Marketing and branding initiatives to increase customer reach and market penetration.
Employee recruitment to build a capable and adaptable team.
Acquisition of additional intellectual property protection to safeguard innovations.
Other early-stage business operations essential for scaling up and sustained growth.
Who can I contact for more information about the NBIF Venture Capital Fund?
You can contact New Brunswick Innovation Foundation (NBIF).
Where is the NBIF Venture Capital Fund available?
The NBIF Venture Capital Fund program is available the province of New Brunswick.
Is the NBIF Venture Capital Fund a grant, loan, or tax credit?
NBIF Venture Capital Fund is a Loans and Capital investments