NBIF is a private, not-for-profit corporation that invests in startup companies and R&D. With over $85 million invested, plus $425 million more leveraged from other sources, NBIF has helped to create over 106 companies and fund 470 applied research projects since its inception in 2003, with a current portfolio of 47 companies. All of NBIF’s investment returns go back into the Foundation to be re-invested in other new startup companies and research initiatives.
With a team approach, our highly qualified personnel together use their areas of expertise to help its company and researchers develop strategies for securing and syndicating investments with other venture capital providers and financial institutions, assist researchers get their innovations into the hands of industry or startup companies, and provide creative, market and communication strategies and design. After all, our success depends on their success.
To view our Annual Reports from 2011 through 2017 click here.
Our investment strategy focuses on five activities:
As President and CEO, Calvin manages NBIF’s operations, leads its investment activities and actively manages its growing portfolio of venture capital and research investments. Calvin established the NBIF’s venture capital fund and has been instrumental in the creation and development of over 50 start-up companies.
Calvin joined NBIF in its inaugural year (2003) and was appointed to his current position in April 2009. Under his leadership, NBIF’s capital has grown from $40M to $120M under management, having secured capital from several sources including returns from successful investments in local companies like Radian6 Technologies and UserEvents.
Prior to joining NBIF, Calvin worked for Foragen Technologies Management, a national venture capital firm operating out of Montreal, and BioAtlantech, a biotechnology incubator located in Fredericton, where he carried out business development activities for two early-stage biotechnology companies.
Calvin is a University of New Brunswick graduate with a Master of Business Administration degree and a Bachelor of Science degree in Biology-Chemistry.
As a native New Brunswicker, Calvin is pleased to be assisting New Brunswick entrepreneurs and innovators turn their innovative ideas into reality.
Contact Calvin by e-mail, view his LinkedIn profile, or follow him on Twitter.
As our Director of Research, Lindsay oversees our research investment activities and manages our ongoing research portfolio. Responsible for NBIF's Research Innovation Fund (RIF), Research Assistantship Initiative (RAI) and Research Technicians Initiative (RTI), she is our primary liaison with the province’s research institutions, universities, and community colleges.
Before joining NBIF, Lindsay was the Director of Business Development at Mitacs, the Knowledge Transfer and Partnership Officer at Mount Allison University, and Executive Advisor to the VP External Relations at SAIT Polytechnic in Calgary. A lawyer by training, she started her career as a solicitor at Warren Sinclair LLP.
Lindsay received her BA in political science from St. Thomas University, and her LLB at the University of Alberta. She is a member of the New Brunswick Law Society, the Law Society of Alberta and the Canadian Bar Association.
Contact Lindsay by e-mail.
As our Director of Finance, Craig is responsible for NBIF's accounting processes and controls, reports and budgets. Prior to NBIF, Craig worked as a senior accountant at Grant Thornton LLP where he performed audit, review and compliance engagements both here and abroad.
Craig completed his Uniform Evaluation (UFE) examination in 2010, and was placed on the prestigious David Hope Honour Roll. He received his charter from the Canadian Institute of Chartered Accountants in 2012. He holds a BBA from the University of New Brunswick (accounting and finance) where he actively participated in the university's approximate $2.5M Student Investment Fund.
Originally from Pictou, Nova Scotia, Craig servers as treasurer on the board of directors of the Stan Cassidy Foundation, and in his spare time enjoys ultimate frisbee, travel, and good comedy.
As Executive Assistant, Ms. Johnson reports directly to and supports the President and CEO and acts as the Corporate Secretary of our Board of Directors. She is responsible for the coordination of all board-related activities, corporate documentation and correspondence. Joanne also plays a critical role in the logistical aspects of our events, especially Breakthru and R3 Gala. Before joining the Foundation in 2003, Joanne was a project manager for BioAtlantech, where she also acted as Corporate Secretary of that organization’s Board of Directors. Joanne developed her talents in corporate administration over thirteen years in progressive roles at McCain Foods in Florenceville, New Brunswick.
Born and raised in Montreal, Joanne is proud to now call New Brunswick her home.
Contact Joanne by e-mail.
As our Director of Investments, Raymond is responsible for the day-to-day management of NBIF’s venture capital investment portfolio, oversees the development of new investment clients, and participates in final negotiations. He recently completed the Venture Capital Executive Program at the University of California - Berkeley, Haas School of Business.
Prior to joining the team at NBIF, Raymond worked as an accountant and then financial analyst at Irving Oil Limited in Saint John.
Raymond is a graduate of the University of New Brunswick (BBA), and a Certified Management Accountant. When not at work, Raymond plays hockey in a local league throughout the winter and with a co-ed softball league in summer.
Raymond is spreading his knowledge of Venture Capital to MBA students at the University of New Brunswick as an instructor of Venture Assessment, and Entrepreneurial Finance.
As our Marketing Manager, Vanessa is responsible for the idea generation and the development of our marketing, communications, and public relations plans. She is our brand champion, working to build the strategies and tactics that articulate our mission and values.
Before joining NBIF, Vanessa was a Loyalty Specialist with Atlantic Lottery Corporation, focusing on brand loyalty, relationship management, and customer experience. Prior to that, Vanessa was a Strategic Marketing Consultant with Medavie Blue Cross. Vanessa began her career working in the Book Publishing as a literary agent in Toronto.
Vanessa received her BA in English Literature from Mount Allison University, as well as a post-graduate certificate from Humber College in Creative Book Publishing.
Contact Vanessa by email.
As our Investment Analyst, Thomas is working with our Investment Team to administer our Venture Capital, Startup Investment, and Innovation Voucher funding programs.
Thomas is a recent graduate of the Masters in Technology, Management & Entrepreneurship program at the University of New Brunswick, and has an undergraduate degree in Civil Engineering. In his spare time, he likes to spend time with family, and compete in various sporting activities, such as rowing and swimming.
As our Program Support Officer, Hilary is responsible for supporting our various funding programs, investment activities, and business development for both the Research and Investment teams.
Hilary’s focus includes reviewing proposals and investment recommendations, as well as assisting with events and investment closings. Hilary plays the critical role of connecting both the Research and Investment teams. With a client-first approach, she ensures an exceptional level of service is delivered to all existing and potential clients.
Born and raised in Woodstock, N.B., Hilary is an honours graduate of NBCC’s Bilingual Office Administration program, where she received the President’s Award for academic and extracurricular achievement. Before joining NBIF, Hilary worked in the insurance industry, where she completed the Life License Qualification Program.
Hilary volunteers as a member of the NBCC Alumni Steering Committee and on the selection committee of the NBCC Alumni Awards.