How do I apply for NBIF Venture Capital Fund?

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

What industries are eligible for NBIF Venture Capital Fund?

Eligible industries include: technology, innovation.

Who administers NBIF Venture Capital Fund?

This program is administered by New Brunswick Innovation Foundation.

Are there similar programs to NBIF Venture Capital Fund?

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

How can I improve my chances of getting approved for NBIF Venture Capital 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 Venture Capital Fund

New Brunswick Innovation Foundation

💰 Business Financing & Capital🗺️ Provincial📈 Growth🏪 Small Business💼 Commercialization

Venture capital for high-risk, growth oriented New Brunswick companies

Funding

$200,000 - $500,000

Deadline

See website

Status

Accepting Applications

What Is This Program?

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.

What Benefits Are Offered?

equity investmentconvertible debt

Venture capital seed investment (preferred shares, common shares, or convertible debentures) to support rapid growth, product enhancement, marketing, branding, employee recruitment, IP protection, and other early-stage business operations for 12 to 18 months.

Who Is Eligible?

Business Size: small

Industries: technology, innovation

Region: New Brunswick

Other Criteria: start-ups, seeking seed investment, company is generating meaningful revenue (asset), team has grown to support increased product demand (asset), interest from new investors (asset), successfully received additional non-dilutive capital in the form of grants or loans (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: Corporate Governance Manual
📐Format Requirements: PDF only, max 10MB

💰What Expenses Are Eligible?

🤝Is Matching Funding Required?

🔀Matching Required: Yes
📊Matching Ratio: 25% minimum
🏦Eligible Matching Sources: cash
in-kind
📚Stacking Rules: Cumulative government assistance is allowed.
🛡️Proof of Matching Required: Documentation of cash contributions and in-kind services.

📊What Are the Reporting Requirements?

🗓️Reporting Frequency: annual
📑Reporting Requirements: financial performance reports
annual financial statements
management's discussion and analysis (MD&A)
timely reporting of significant developments
🔍Audit Requirements: The board must approve interim and annual financial statements and ensure compliance with legal requirements.
📢Branding Requirements: The corporation must ensure proper acknowledgment of funding and visibility requirements in communications.
🗄️Record Retention Period: 7 years