New Brunswick Innovation Foundation

The New Brunswick Innovation Foundation (NBIF) is a pre-seed and seed stage venture capital organization founded in 2002 and based in New Brunswick, Canada. It focuses on investing in the creation and scaling of technology companies within the province. NBIF operates with a $100 million fund and aims to support New Brunswick entrepreneurs by providing direct equity investments, a fund-of-funds strategy, and specialized funds that promote sustainability and competitiveness.

NBIF invests in early-stage startups and those expanding into new markets, primarily within the technology sector. The organization targets high-potential, globally focused innovative companies and typically serves as the first investor, offering equity investments ranging from $50,000 to $1 million. Additionally, NBIF has established funds such as the Climate Impact Fund, which supports technologies addressing climate change, and the Innovation Voucher Fund, which aids small and medium-sized enterprises (SMEs) in enhancing profitability and competitiveness.

NBIF adds value to its portfolio companies by providing not only capital but also strategic support through its network and expertise in technology commercialization. The foundation's specialized funds, such as the Innovation Voucher Fund, help SMEs enhance profitability and competitiveness, while its focus on sustainability aligns with global market trends.