NBIF Makes $52M Impact in FY 2013-14

Fiscal year 2013-14 was marked by an expansion of the innovation funds and programs delivered through NBIF. This expansion enabled NBIF to extend its reach and to accelerate innovation in New Brunswick. A record $4.2 million was invested in 33 research projects under the Research Innovation Fund, and a record 17 equity investments totaling $2.8 million were made under the Venture Capital and Startup Investment Funds.  Under all programs, our total investment for the year was $8.5 million.

What’s more impressive is that since the inception of NBIF in 2003 every dollar invested by NBIF has leveraged another 7 dollars. That’s a $365 million impact! More importantly, we have witnessed a culture shift in New Brunswick. More innovation and entrepreneurship is taking root and an innovation-based economy is emerging.

Thanks to the amazing innovators and entrepreneurs whom we have the privilege of supporting, we are confident that the future is bright for innovation in New Brunswick. We invite you to take the time to review the digital version of our 2013-14 Annual Report.  There you will learn more about NBIF, our investment activities, and some of the innovators we have supported to date.

If you would like a paper copy of our report, please contact us.