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Innovation Voucher Fund │ New Brunswick Innovation Foundation (NBIF)

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Value

Up to $80,000 towards the project.

Description

The Innovation Voucher Fund encourages collaboration and partnerships between small and medium-sized enterprises (SMEs) and research organizations. The Fund aims to accelerate innovation within SMEs by using the talent, capacity, and facilities of New Brunswick’s research organizations.

Eligible Applicants

To be eligible, the project proposal must demonstrate the following:

  • Be innovative (i.e., a new product, service, technology, or process).
  • A solid business case
  • Strong market potential
  • Commercial and financial feasibility
  • Ability to generate a sustained competitive advantage for the company
  • The potential for economic impact on the province of New Brunswick.

The company must meet each of the following criteria to be eligible for funding:

  • Be provincially or federally incorporated and registered to carry on business in New Brunswick
  • Have fewer than 500 employees
  • Have 24 months operating history

Eligible Expenses

Ineligible expenses include:

  • Any administrative fee or surcharge for administering the project
  • Any expenditure of time by in-house personnel
  • Sales, marketing, and promotion activities
  • Training courses and software
  • Equipment purchases
  • Basic professional services such as routine accounting, tax, and legal fees
  • Routine testing and maintenance.

Deadline Date

Ongoing. Please click the link indicated below for update.

Contact

Contact Name: NBIF

E-mail Address: info@nbif.ca

Website: https://nbif.ca/innovation-voucher-fund/

Industry:

Software/Technology

Location:

New Brunswick

Tags:

Business, Innovation, R&D, SMEs

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