New Brunswick Innovation Foundation

What is New Brunswick Innovation Foundation?

The New Brunswick Innovation Foundation (NBIF) is an independent, non-profit private equity fund, known for its commitment to fostering innovation, supporting new growth-oriented companies, and funding applied research activities. Founded in 2004 with its headquarters in Fredericton, Canada, NBIF has carved a niche in various industries like IT, Education, BioTech, Hardware, Energy, CleanTech, Food & Beverage, and Aerospace & Defense. Their expertise lies in equity investments, specializing in early-stage companies and PIPE transactions, aiming to generate substantial returns and drive economic growth in New Brunswick.

NBIF takes pride in their venture capital efforts, offering equity capital, professional support, and nurturing a network of investments to create a robust ecosystem. The firm actively invests in research and development demonstrating potential for commercialization while striving to recruit and develop exceptional research talent. Furthermore, NBIF seeks to magnetize additional investments from other capital and industrial partners.

They manage several funds, such as the Startup Investment Fund, Venture Capital Fund, and a dedicated Climate Fund, each tailored to support the burgeoning startup culture and climate tech innovations. They also provide Innovation Voucher Fund to enhance the profitability and competitiveness of small and medium-sized enterprises.

NBIF's commitment to innovation extends to fostering community through events, industry challenges, and celebrating notable contributions like those of Leslie Magee as the new Board Chair. Their news section includes updates on investments such as their follow-on investment in Eigen Innovations Inc., indicating an active and ongoing engagement with their portfolio companies.