Administered by Government of New Brunswick · Last verified: June 2026
The New Brunswick Innovation Foundation invests directly in early-stage New Brunswick startups to help them refine and commercialize an innovative product or service. Investments are structured as preferred shares, common shares, or convertible debentures, and are meant to carry a company to its next financing round within 12 to 18 months. Backed companies also get mentorship, investor connections, and partner discounts on services like cloud credits.
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 Startup Investment Fund is generally open to incorporated businesses, in New Brunswick, in Technology & Software, under 5 years old, that carry out research and development. Confirm the full criteria on the official program page before applying.
The estimated value is Equity investment, typically into the next financing round; NBIF recently deployed about $3.2M across 16 investments. The actual amount depends on your eligible costs, the program's budget, and approval.
1. Review the Startup Investment Fund criteria on the NBIF site 2. Prepare traction evidence and a founding-team summary 3. Submit through the NBIF application portal or enter the Breakthru competition
Rolling intake.
Negotiated; recent rebates ranged from about $115,000 to $800,000 tied to new job creation
INCENTIVEPartial wage subsidy during the training period
INCENTIVELoans up to $750,000; non-repayable ABFP contributions up to 40% of expansion costs