The purpose of this fund is to build research capacity in New Brunswick via participation in large, multi-jurisdiction applied research projects. These projects have high potential impact, both in and outside of New Brunswick, and involve many partners outside of academia. Some examples include CFI Innovation Fund grants, Oceans Supercluster Technology Leadership Proposals, and ACOA Atlantic Innovation Fund grants.
Researchers applying for this fund must be able to demonstrate how this is project represents an important opportunity for NB and quantify the economic benefit (direct or indirect). Strong partnerships with appropriate knowledge transfer / technology transfer plans are expected, and we expect the projects will offer experiential learning opportunities for research trainees.
We support these projects at an early stage in order to help you prepare a strong case for other funders (though our funding may be conditional on that success). Our funding is also conditional on a successful peer-review of the project, if a peer-review is not already planned we work with you to arrange this.
Our partnership in these projects is not as a major funder, thus, a minimum leverage ratio of 4:1 is expected and higher leverage ratios will be viewed favourably. There is no limit on the size of the request, but we suggest you contact our team first to discuss what amount of funding is reasonable.
Based on the size of the request, we expect these grants will take 1-3 months to approve. After conditional approval, you will have 1.5 years to confirm conditions and other sources of funding. Once the project begins, you will have a maximum of 4 years to complete the proposed work and use the funding. Regular and final reports will be required (a schedule of reporting will be given in the notice of decision).