Innovation is the key to gaining a competitive advantage in today’s global marketplace.
Our Innovation Voucher Fund (IVF) was designed to support small and medium-sized enterprises (SMEs) in New Brunswick with access to scientific talent and facilities they need to engage in R&D opportunities to accelerate innovation. This includes new products or operational efficiencies.
Under this fund, companies are eligible for non-repayable funding up to $80,000 to cover 80 per cent of an R&D project with an approved New Brunswick research institution. The funds are provided directly to the collaborating research organization under a contract agreement and used by the researcher to offset eligible expenses.
Any intellectual property (IP) created as a result of the project will be owned by the company that received the voucher.
We don’t require you to have a research or an organization in advance of discussing this funding with our team. We are happy to assist in matching companies with a suitable researcher when the project has been approved.
Our Innovation Voucher Fund Guidelines has a deeper explanation of this fund, including terms and conditions.
*All investments are subject to due diligence, negotiation, and appropriate approvals. We aim to deliver decisions as soon as possible.