Invested
Companies Created
Outside investment
WHAT WE DO
At the New Brunswick Innovation Foundation (NBIF), we’re privileged to be in a position to help people propel their innovative ideas onto the global stage.
Since 2003, NBIF has invested more than $175 million into startup businesses and applied research in New Brunswick. These foundational investments have attracted an $825 million of additional investment, giving New Brunswick innovators $1 billion to take their ideas further.
Today, NBIF is investing in and supporting a portfolio of more than 60 technology companies. Those companies have attracted more than $700 million in outside investment to New Brunswick.
These companies are driving increased economic activity in the province with an annual GDP impact of more than $110 million. That’s an impact that’s up 86 per cent since 2017.
And together these companies employ more than 700 people, with plenty of growth potential ahead of them yet.
There has never been a better time to develop innovative solutions with global appeal. NBIF helps put New Brunswick businesses right in the centre of the action, by embracing the world’s challenges as opportunities.
Indigenous land acknowledgement
As a New Brunswick organization, NBIF acknowledges that it carries out its work on the traditional unceded and unsurrendered territory of the Wolastoqiyik, Mi’kmaq and Peskotomuhkati peoples.
This territory is covered by the “Treaties of Peace and Friendship” which these nations first signed with the British Crown in 1726. The treaties did not deal with the surrender of lands and resources, but in fact recognized Mi’kmaq, Wolastoqey and Peskotomuhkati title and established the rules for what was to be an ongoing relationship between nations.
In the spirit of Truth and Reconciliation, we pay respect to the elders, past and present, and descendants of this land. We honour the knowledge keepers and seek their guidance as we strive to develop closer relationships with the Indigenous people of New Brunswick.