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Category: NBIF News
NBIF Selects Breakthru Competition Finalists, Narrows Field to Five Teams
Time for another update on Breakthru! After several months of friendly but intense competition, the NBIF is pleased to announce the five teams that have been selected as finalists in its 2018-2019 Breakthru entrepreneurship competition.
NBIF Funding Helps Propel NB Research Team into Space
Move over satellites as big as buses that cost hundreds of millions of dollars to construct – there’s a new player in the game. And it’s just a little bigger than a carton of milk. Cube satellites, or CubeSats, are miniature satellites that are cheaper, smaller, smarter and faster to build...
Get to know the NBIF team- Meet Raymond Fitzpatrick
Ever heard the saying ‘it takes one to know one’? Although most of us have probably heard our grandmothers muttering it under their breath, the phrase means something slightly different to Ray Fitzpatrick, the NBIF’s Director of Investments and an entrepreneur in his own right as co-owner of...
Innovacorp and NBIF announce partnership to invest $1 million in Propel companies
Innovacorp and the New Brunswick Innovation Foundation (NBIF) are announcing their collaboration to invest one million dollars in companies who enter Phase 2 of Propel's Incite accelerator. Both organizations have earmarked $500,000 to make investments in selected companies in Propel’s...
NBIF Announces Breakthru Semi-Finalists, Narrows Field to 10 Competitors
The premiere event celebrating entrepreneurialism and innovation in New Brunswick, Breakthru asks aspiring entrepreneurs across the province to submit their business plans for the chance to gain access to start-up capital, mentoring and support from successful founders and companies in several...
Sonrai Security Raises $18.5 Million, Launches Cloud Data Control Service
A cybersecurity and cloud data protection startup led by the former co-founder and CEO of Q1 Labs, one of New Brunswick’s best-known startup exit stories, has just closed a Series A funding round of $18.5 million and is set to launch in the coming months. The round was led by Polaris Partners...
NBIF Closes ‘Emerging Projects’ Funding Round, Supports 18 Ventures Provincewide
A key aspect of the NBIF’s mission is to support research at its earliest stages. Ideas are always the launching pad for innovation, and without early support, many projects that would otherwise bloom into productive technologies or viable commercial products are instead left to wither on the...
NBIF 2018 Annual Report: A Model for Sustained Success
As the air outside our office windows begins to chill and 2019 rapidly approaches, the NBIF is pleased to announce the release of our 2018 Annual Report. It’s been an exciting year here – we’ve seen some of our portfolio companies take major strides, been involved in many fascinating research...
NBIF CEO Jeff White on the Business of Developing Winners
NBIF CEO Jeff White on the Business of Developing Winners “Everybody has to sweep the floors.” So says Jeff White, who as of this month is the newly minted CEO of the NBIF. Understanding that phrase is the key to grasping his entire philosophy, whether he’s talking about business,...