Innovation Voucher Fund
GrantNew Brunswick$10,000 – $100,000
This grant helps small and medium-sized enterprises in New Brunswick collaborate with research organizations to accelerate innovation. NBIF funds up to 80% of eligible research and development project costs (maximum $80,000 for the first two vouchers, then up to 50% for additional vouchers), with the company contributing the remaining percentage. Funds are provided directly to the research partner and cover applied research, proof of concept, prototyping, testing, and related scientific services.
What you'll need
- Company incorporation and business registration documents
- Project proposal with executive summary
- Company history and operating history documentation
- Detailed project budget and timeline
- Description of team and advisors
- Facilities and resources inventory
How it works
What it can fund
- Develop a new product or service through applied research
- Create proof of concept and prototypes with research partners
- Conduct product testing and certifications
- Improve manufacturing processes through industrial engineering
- Gain scientific and technology expertise to enhance competitiveness