Venture Capital Fund - NBIF - FINB
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Venture Capital Fund

Now that your start-up has customers and is beginning to gain market traction, it will need venture capital investment to scale-up and finance its growth.

Our Venture Capital Fund

Our Venture Capital Fund (VCF) provides New Brunswick startups with the venture capital they need to rapidly grow and deliver their innovative products to customers.

Under this fund, startup companies are eligible for venture capital investment up to $1,000,000.  This investment will take the form of equity through the purchase of common shares or issuance of convertible debentures.  For companies that are generating revenue with early customer traction, our venture capital investments typically range from $250,000 to $1,000,000 per round.

Capital raised from the Venture Capital Fund is intended to fully support a business for a 12 to 18-month period.  This financing is to be used to enhance its product, perform marketing and branding, hire talented employees, acquire additional IP protection, and undertake other early stage business operations.

Our Approach

When evaluating startup investment opportunities, NBIF looks at a company’s product, market, team, and financials.  The following are insights into our evaluation process:

Product

  • Innovative product with the potential to scale rapidly
  • Intellectual property is necessary for some ventures but not all

Market

  • Billion-dollar market with a realistic initial target market
  • Export focus outside of Atlantic Canada
  • Focus on “bottom-up” market validation from customers

Team

  • We Invest in people first!
  • Prefer at least two co-founders, but will invest in a single co-founder
  • A well-rounded team, or a plan to create one
  • The team must be in New Brunswick

Financial

  • 12-18 months of runway
  • Three-year financial projections with monthly detail for the first year, and quarterly detail for the following two

Much More Than Money

At NBIF, we aim to be more than just money.  We aim to be smart money.

As business partners, our investment team offers continued support to our portfolio companies.  This can include introductions to other venture capital investors, guidance with financial projections, investor presentations, along with governance and advice through a seat on the startup's Board of Directors.  As well, NBIF has recently established strategic partnerships with Amazon, Deloitte, and Hubspot to offer free AWS credits and heavily discounted accounting software and CRM services to our portfolio companies.

Apply

Apply

Applications must be made in the form of a formal business plan. Since some of the information listed in our business plan model may not be available yet, any speculation should be clearly stated, with reasoning for any assumptions made. Your business plan must propose a future “exit” opportunity for NBIF, for example, a buyout, initial public offering, merger, or acquisition.

Your company's operations must be in New Brunswick. If you're not currently in New Brunswick, you can still apply, as long as you meet our funding requirements and are committed to growing your company here. To learn more about our process, or for a snap review about the suitability of your opportunity for NBIF, contact us.

Do not submit any proprietary information, intellectual property or trade secrets with your initial application. If additional information is required, NBIF will advise you.

What we're looking for:

  • A solid management team
  • An innovative product, service or technology
  • An attractive market
  • A sustainable competitive advantage
  • Realistic business plan and financials
  • An identifiable exit strategy for the foundation within a reasonable timeframe.

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Tools

NBIF has linked and organized a number of resources for entrepreneurs and companies to assist them in developing their business plans and preparing them for investment: