Project Support - NBIF - FINB

Project Support

Funding support for research projects

The NBIF is proud to support the province’s research community in carrying out applied research projects and programs. We back proposals with a strong potential to develop innovations that can be commercialised and have an economic impact on New Brunswick. Our project funding covers three areas and uses the Technology Readiness Level (TRL) framework of the Government of Canada

Emerging Projects Fund: seed funding for ideas that have the potential to become innovations at TRL 1-3

Lab-to-Market Fund: accelerating the development of innovations with commercial potential at TRL 3 or higher

Equipment Fund:  purchasing critical equipment to support a research program that advances innovations at TRL 1-6

Emerging Projects Fund

The Emerging Project component of the Research Innovation Fund supports projects that transform ideas into innovations – essentially research in its earliest stage. The intent of the Emerging Project funding is to provide funds to pursue new ideas that have the potential to grow into bigger, collaborative projects or technology/knowledge transfer opportunities that will have positive economic or social impact for the province of New Brunswick. The maximum investment for emerging projects is $25,000 per application and limited to a maximum of 50% of the total cost of the project.

Applications for this fund will open in autumn 2019.

Lab-to-Market Fund

The primary objective of the Lab-to-Market fund is to accelerate the development of technologies that have commercial applications. Activities supported under the Lab-to-Market fund are those that advance the development of new or improved technologies and/or transfer knowledge that address specific, well-defined market problems. The Lab-to-Market fund emphasizes the importance of validation at all stages of technology development and encourages the application of the scientific method to finding product-market fit.

Evaluation Criteria
Researchers applying to the Lab-to-Market fund should have a commercialization partner, student participation, a clear understanding of the market problem being solved and the competitive advantages of their new technology, a self-assessment of technology readiness level (minimum TRL 3), and a plan for the intellectual property. Full assessment criteria are listed in the document below


Most projects will take between 6 and 18 months to complete. If the project is expected to take longer than 24 months, the researcher should divide the project into an appropriate number of phases and submit applications for each phase separately.

Financial Structure
NBIF will fund up to 33% of projects with NB SMEs or not-for-profit organizations, and up to 25% of projects that do not have NB SMEs or not-for-profit organizations as partners.

Eligible Expenses
Lab-to-Market awards can be used for the following expenses, as an example (non-exhaustive list):
o Student stipends, researcher salaries;
o Course relief cost;
o Lab equipment and supplies;
o Prototyping and bench testing;
o Market research and pilot projects;
o Tech transfer, knowledge mobilization;
o Costs to secure IP.

Deliverables and Reporting
Project plans must include clear deliverables and timelines. Funding for the Lab-to-Market program will be milestone-driven based on deliverables with frequent reporting. Some examples of deliverables are:
o Formation of industry-academic partnerships
o TRL level self-assessment, and TRL advancement
o Patent applications and knowledge transfer
o Business plans and competitive market analyses
o Entrance into accelerators and business plan competitions
o Incorporation of new business ventures
o Market research and early adopter feedback
o Prototyping and customer demonstrations

Application Procedure
Applications will be via email to using the application template below:


Applications will be accepted continuously through the year until the fund is exhausted.

Equipment Fund

The primary purpose of this fund is to increase the province’s capacity to do applied research by supporting the purchase of equipment. Up to 33% of the equipment cost may be requested, understanding that most of the awards granted will be less than $200,000. Larger awards may be requested but will require justification for why the investment is critical for the province’s applied research capacity. This fund may be used to leverage federal programs for research equipment (e.g. NSERC RTI, CFI JELF) or it may leverage other source of funds.

Evaluation Criteria
The applicant must show that the equipment will broadly benefit New Brunswick, that it facilitates the generation of potential new IP and that the researcher has the intent to commercialise this, that the knowledge generated will be disseminated outside academia and that the researcher and their team have the capacity to do the work proposed. The full evaluation criteria used in the review process is shown below


The maximum duration of projects will be 2 years and projects must begin within 6 months of the official award date.

Financial Structure
A maximum of 33% of the project cost can be requested, except in the case of CFI JELF matching (an amount equal to the CFI contribution can be requested). Requests for more than $200,000 will rarely be granted and require justification for why the investment is critical for the province’s applied research capacity.

The matching portion of the funding may be cash or in-kind contributions (including institutional contributions) but cannot be from another provincial government source. In cases where the matching funds are from a CFI JELF award, the researcher must apply to the NBIF before submitting an application to the CFI and they may request an amount equal to the CFI contribution, up to a maximum of $150,000.

Eligible Expenses
Eligible project costs include equipment (both hardware and software) directly linked to the research program, and associated supporting facilities. Tri-Agency financial rules will be applied.

Application Procedure
Applications will be via email to using the application template below:


Applications will be accepted continuously but will be reviewed in two rounds: the first round closes on Aug 6 2019 at 5 pm and the second round is expected to close early in the new year.


Eligibility Criteria

Please see specific funds above for more details and to download the application form.