Administered by Government of New Brunswick · Last verified: July 2026
This New Brunswick fund pairs small and medium businesses with provincial research organizations to work on a new or improved product, process, or technology. NBIF covers 80 percent of project costs up to $80,000 for a first or second voucher, with the company funding the rest. Funds go directly to the collaborating researcher and are non-repayable, and the company keeps any intellectual property created.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityNBIF Innovation Voucher Fund is generally open to incorporated businesses, in New Brunswick, with up to 500 employees, that carry out research and development. Confirm the full criteria on the official program page before applying.
The estimated value is Up to $80,000 (80% of project costs); reduced to $50,000 at 50% for vouchers beyond the first two. The actual amount depends on your eligible costs, the program's budget, and approval.
1. Confirm the business has at least 24 months of operating history and fewer than 500 employees 2. Draft a project proposal describing the innovation and expected economic impact 3. Submit the proposal through the NBIF web portal (NBIF helps match a researcher)
Rolling intake.
Up to $50,000
GRANTFinancial support at a provincially set rate during startup, plus coaching
GRANTUp to 30% (Micro, max $100,000) or up to 35% of NB spend (Major)