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.
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.
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 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.
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.
As our Investment Analyst, Jeff is working with our Investment Team to administer our Venture Capital, Startup Investment, and Innovation Voucher funding programs.
Jeff grew up in Fredericton and is currently finishing up his diploma with TME, and studying business with a focus on accounting and finance at the University of New Brunswick. As well he is pursuing his CFA designation and prior to joining NBIF, Jeff has always been an entrepreneur at heart. Jeff enjoys going to the gym, kayaking, and tinkering with web development in his spare time.
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.
As our Research Development Officer, John is responsible for supporting research across the province by interacting with provincial research organizations and researchers to promote and develop applied research and its commercialization. John’s focus includes supporting the review and evaluation of research proposals under the Research Innovation Fund as well as managing the Research Assistantships Initiative, Research Professionals Initiative and New Brunswick Graduate Scholarships Program.
John grew up in Moncton and is a graduate of UNB’s undergraduate science degree program, where he received his BSc. Following completion of his Ph.D. in physics from the University of Toronto, John was awarded a National Research Council postdoctoral research fellowship at the National Institute for Standards and Technology (NIST). Before joining NBIF, John held roles as R&D Community Lead at Thalmic Labs (now North) and was the Director of Engineering at Metamaterial Technologies Inc.
John is best known as the Founder of Picomole Inc., a New-Brunswick based start-up company focused on the development of novel laser-based breath analysis technologies for non-invasive disease detection, for which he has received several awards
John is deeply passionate about both science and entrepreneurship. The opportunity to share his experience working at the intersection of science and entrepreneurship was a motivating factor in his decision to join the NBIF team
In his spare time, John has been a mentor to many successful entrepreneurs. He enjoys outdoor activities, like skating, biking, and camping. John is an avid collector of science fiction and secretly hopes to someday write a great science fiction novel.
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.
As our Research Development Officer, Alec is responsible for supporting research across the province by interacting with provincial research organizations and researchers to promote and develop applied research and its commercialization. Alec’s focus includes supporting the review and evaluation of research proposals under the Research Innovation Fund as well as managing the Research Assistantships Initiative, Research Professionals Initiative and New Brunswick Graduate Scholarships Program.
Born and raised in Nova Scotia, Alec moved to New Brunswick for university and has now settled here. He’s a graduate of the Renaissance College program at UNB and has a Masters of Arts in Public Policy from the University of Ottawa. Before joining NBIF, Alec worked for the Department of Social Development and most recently, Opportunities NB.
In his spare time, Alec enjoys rock climbing, hiking, the outdoors and spending time at his home in the country.