Closed
NBIF Venture Capital Fund
Venture capital for high-risk, growth oriented New Brunswick companies
Record updated
- Funding available
- $ 50,000
- Deadline
- Unspecified
- Location
- New Brunswick, Canada
- Who can apply
- High-growth technology startups headquartered in New Brunswick at pre-seed and early stages.
- See full eligibility
Overview
NBIF invests in pre-seed and early-stage technology startups headquartered in New Brunswick. Its current venture-capital offering provides equity investments from $50,000 to $1 million or more, with terms negotiated after due diligence. It supports companies with global growth potential.
At a glance
Funding available
- Minimum funding
- $50,000
- Develop workforce skills
- Access new markets
- Start a business
- Launch or market a product/service
Eligible candidates
- Location
- New Brunswick
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- Startups
- Legal structures
- For-profit business
Receipt of requests is now closed
Get notified about updates to this grant.
Availability timeline
2025
Periods: 1
Eligibility
Who is eligible?
- High-growth technology startups headquartered in New Brunswick at pre-seed and early stages.
Who is not eligible
- Opportunities outside NBIF’s New Brunswick technology-startup investment focus. Eligibility and investment fit are assessed by its venture-capital team.
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
- New Brunswick, Canada. The company must be headquartered in the province.
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.
How to apply
- Book an initial call with NBIF’s venture-capital team through its official website. If aligned, present a pitch and provide business-plan, financial and market information. Complete due diligence, negotiate the term sheet and legal documents, then close the investment.
Selection criteria
- Team strength, technology and product, market size and fit, customer validation, growth potential, financial projections, financing roadmap and milestones. Investment follows due diligence, negotiation and legal approval.
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.
Official sources
Frequently Asked Questions about the NBIF Venture Capital Fund Program
What is the NBIF Venture Capital Fund?
NBIF invests in pre-seed and early-stage technology startups headquartered in New Brunswick. Its current venture-capital offering provides equity investments from $50,000 to $1 million or more, with terms negotiated after due diligence. It supports companies with global growth potential.
Who is eligible for the NBIF Venture Capital Fund program?
To be eligible for the NBIF Venture Capital Fund program, you must:
Technology startup headquartered in New Brunswick; strong team, scalable product, global market potential and a credible financial plan.
What expenses are eligible under NBIF Venture Capital Fund?
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.
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
Who are the financial supporters of the NBIF Venture Capital Fund?
NBIF Venture Capital Fund is funded by New Brunswick Innovation Foundation (NBIF)