Innovation Voucher Fund

New Brunswick Innovation Foundation (NBIF) · New Brunswick

Funding amount

Up to 80% of project costs (max $80k) for first voucher; 50% (max $50k) for subsequent vouchers

Application difficulty

Medium

How to apply

Online

📋 About this program

Provides vouchers to help small NB companies work with research institutions on applied research, proof of concept, prototyping and testing; NBIF pays the research institution directly and covers up to 80% of costs (max $80k) for the first voucher, then 50% (max $50k) for additional vouchers.

✅ Who qualifies

NB companies incorporated provincially or federally with <500 employees and less than 24 months’ operating history; project budgets $10k–$100k; must partner with a research institution.

Eligible sectors

Technology

Eligible uses

Research Development

🚀 How to apply

Check your eligibility — Review the requirements above, or use FundNavigator's free AI matcher to confirm this program is a fit for your business before spending time on the application.
Prepare your documents — Most programs require business registration documents, recent financial statements, and a description of how you'll use the funds.
Submit your application — Apply at the official portal →

💡 Tips & notes

Funds are paid to the research institution; marketing and equipment purchases are ineligible.https://nbif.ca/innovation-voucher-fund/#:~:text=The%20Innovation%20Voucher%20Fund%20encourages,of%20SMEs%20in%20New%20Brunswick

Innovation Voucher Fund

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