About - NBIF - FINB

"Don't be afraid to give up the good to go for the great." - John D. Rockefeller

Who We Are

We’re an independent non-profit corporation that specializes in venture capital and research investments.

Dedicated to building innovation in our province, we deliver the resources and expertise required to achieve new opportunities, growth, and advancements in New Brunswick.  

With over $100 million invested, plus $457 million more leveraged from other sources, the NBIF has helped to create over 113 companies, fund 494 applied research projects, and recruit 75 professors to the province since its inception in 2003.  All of the NBIF’s investment returns go back into the Foundation to be re-invested in other startups and research initiatives.

It’s our mission to help bring innovative research and promising new business opportunities to life. Innovation stimulates the economy, promotes productivity, and has the power to directly impact and improve the every day lives of New Brunswickers.

Our Team

Jeff White


Jeff White - CEO

Jeff White is the President and CEO of the New Brunswick Innovation Foundation, an independent corporation with the mandate of developing innovation and entrepreneurship in New Brunswick, where he manages NBIF’s operations, leads its investment activities and actively manages its growing portfolio of venture capital and research investments. Jeff is a technology industry veteran and corporate financing expert and the new face of NBIF.

Jeff was previously, COO of East Valley Ventures, a New Brunswick-based startup accelerator and early-stage investor. White brings a strong track record of success to the NBIF. He was a foundational member of New Brunswick startups that put the province on the world stage, serving as chief financial officer at both Radian6 and Q1 Labs. East Valley Ventures, White mentored many of New Brunswick’s recent startups and scale-ups. He also served as interim CFO for Canada’s Ocean Supercluster, one of five clusters across Canada. The Ocean Superclusters is a major industry-led initiative, supported by the Government of Canada, focused on building on Canada's ocean-related research capacity, business activity and technology expertise.

Prior to joining NBIF, Jeff worked as CFO at companies like Radian6, Genesys Laboratories Canada and Q1 Labs, interim CFO at Canada’s Ocean Supercluster, and most recently co-founder and COO at East Valley Ventures, the successful New Brunswick-based start-up accelerator and early-stage investor. 

Jeff is a St. Francis Xavier University graduate with a Bachelor of Business Administration degree and is a Certified Public Accountant (CPA).  In his time away from work, he loves to coach youth basketball and is on the Basketball New Brunswick Board of Directors.








Joanne Johnson

Executive Assistant

Joanne Johnson - Executive Assistant

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.

Raymond Fitzpatrick

Director of Investments

Raymond Fitzpatrick - Director of Investments

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.

Contact Ray by e-mail, follow him on Twitter, or view his LinkedIn page

Dr. Laura Richard, D. Phil (Oxon)

Director of Research

Dr. Laura Richard, D. Phil (Oxon) - Director of Research

As our Director of Research, Dr. Laura Richard 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 Professionals Initiative (RPI), she is our primary liaison with the province’s research institutions, universities, and community colleges.

Before joining NBIF, Laura was working with Procter & Gamble in Belgium and France, conducting research and development for products like Tide Pods and Downy fabric softener. Prior to that, she was the Senior Chemist at Velocys, a renewable fuels company spun out of the University of Oxford that cost-effectively produces low-carbon fuels from waste materials like woody biomass and municipal solid waste.

Laura is a Fredericton native who received her Bachelor of Science at the University of New Brunswick and her PhD in Inorganic Chemistry at the University of Oxford in the United Kingdom. Dr. Richard holds a number of patents and has published her work in peer-reviewed journals. She was awarded the prestigious Clarendon Scholarship at Oxford and the Beaverbrook Scholars Award at UNB and is a Sir Howard Douglas scholar.

When not busy with local researchers, Laura enjoys a little culinary research of her own in her home kitchen. She is also an active athlete and competes in triathlon at an international level with Team Canada.

Thomas Bird

Investment Associate

Thomas Bird - Investment Associate

As our Investment Associate, Thomas is working with our Investment Team to administer our Venture Capital, Startup Investment, and Innovation Voucher funding programs.

Thomas holds an undergraduate degree from the University of New Brunswick (UNB) in Civil Engineering and a graduate degree from UNB in Technology Management & Entrepreneurship (TME). In his spare time, Thomas enjoys mountain biking, writing, and reading world history.

Hilary Lenihan

Research Development Officer

Hilary Lenihan - Research Development Officer

As our Research Development 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.

Contact Hilary by e-mail, view her LinkedIn profile, or follow her on Twitter.

Daniel Hoyles

Investment Analyst

Daniel Hoyles - Investment Analyst

As our Investment Analyst, Daniel is working with our Investment Team to administer our Venture Capital, Startup Investment, and Innovation Voucher funding programs.

Daniel is a Chartered Professional Accountant and Certified Management Accountant with working experience in both large organizations and startups.  He graduated with honours from Memorial University with a Bachelor of Commerce degree in finance.

Prior to joining the NBIF, Daniel worked as an Industry Liaison Officer at Memorial University where he helped commercialize and transform technology inventions from university research into new spin-out companies.

Originally from Newfoundland and Labrador, Daniel likes to spend his spare time on hiking trails and in the arena playing hockey, or at home learning computer programming on the latest mobile app frameworks.

Dominique Soffee

Marketing & Administrative Assistant

Dominique Soffee - Marketing & Administrative Assistant
As our Marketing and Administrative Assistant, Dominique plays an integral role as the front-line of the NBIF for customer service and marketing/communications activities. An ambitious go-getter, Dominique was raised by an entrepreneurial family that spurred a passion for innovation and the startup world.
Born and raised in Fredericton, Dominique is a recent graduate of the University of New Brunswick (BBA) with honors in Finance and a minor in Economics. During her university career, she was a portfolio manager responsible for analyzing securities in the Consumer Discretionary Market for the Student Investments Funds (SIF) program. She will be writing her Graduate Management Admission Test (GMAT) in the next year.
Prior to joining the NBIF, Dominique worked at TD Bank, University of New Brunswick, Irving Oil and the Toronto World Leadership Forum, gaining valuable experience in both customer service and marketing. She is tri-lingual, speaking fluent English, French, and Arabic.
In her spare time, Dominique enjoys participating in global youth gatherings, volunteering at church, spending time with family and friends, and cooking.

Contact Dominique by e-mail or view her LinkedIn profile. 


Annual Reports

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