How do I apply for NBIF Startup Investment Fund?

Visit New Brunswick Innovation Foundation's website for application instructions.

What industries are eligible for NBIF Startup Investment Fund?

Eligible industries include: technology, innovation.

Who administers NBIF Startup Investment Fund?

This program is administered by New Brunswick Innovation Foundation.

Are there similar programs to NBIF Startup Investment Fund?

Yes! Canada Grants Database has similar programs in the Startup & Growth Accelerators category. Browse our database to find more options that match your needs.

How can I improve my chances of getting approved for NBIF Startup Investment Fund?

Our detailed breakdown covers step-by-step application instructions, required document checklists, and eligible expense breakdowns so you know exactly what to prepare before applying.

NBIF Startup Investment Fund

New Brunswick Innovation Foundation

🚀 Startup & Growth Accelerators🗺️ Provincial🌱 Early-Stage🏪 Small Business📈 Growth💼 Commercialization

Seed capital for new products, services and technologies in New Brunswick

Funding

Up to $200,000

Deadline

See website

Status

Accepting Applications

What Is This Program?

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.

What Benefits Are Offered?

equity investment

Pre-seed equity investment up to $200,000 (through preferred shares, common shares, or convertible debentures) to help New Brunswick startups develop, refine, and commercialize their innovative technology, product, or service and demonstrate commercial viability.

Who Is Eligible?

Business Size: small

Industries: technology, innovation

Region: New Brunswick

Other Criteria: companies focused on scaling innovation into a new business, aiming to demonstrate commercial viability of product or idea, developing business from New Brunswick, traction (e.g., paid/unpaid product early-adopters, revenue, successfully received additional non-dilutive capital) is considered an asset

🏆 Detailed Application Guide

Preview of what's included with full access:

📋What Are the Application Steps & Timeline?

📝Steps to Apply: Visit the NBIF website
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🌐Application Portal: https://nbif.ca
📤Submission Method: online
🔄Intake Type: continuous

📄What Documents Are Required?

✅Required Documents: Business plan
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📎Optional Documents: Market analysis
Letters of support
📐Format Requirements: PDF only, max 10MB
📥Templates Available: Business Plan Template
✉️Supporting Letters: Letters of support are recommended but not mandatory.

💰What Expenses Are Eligible?

🤝Is Matching Funding Required?

🔀Matching Required: Yes
📊Matching Ratio: 50%
🏦Eligible Matching Sources: cash
equity
📚Stacking Rules: Can combine with other government funding
🛡️Proof of Matching Required: Documentation of employee contributions and equity agreements

📊What Are the Reporting Requirements?

🗓️Reporting Frequency: annual
📑Reporting Requirements: financial performance reports
annual stewardship report
timely reporting of significant developments
🔍Audit Requirements: ensure the timely reporting of any other developments that have a significant and material impact on the value of the corporation;
📢Branding Requirements: ensure the corporation has systems in place which accommodate feedback from shareholders, customers, employees and the community.
🗄️Record Retention Period: null