Voucher

NBIF Innovation Voucher

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.

  • 4.5/5.0
  • New Brunswick. New Brunswick Innovation Foundation
  • All levels
  • Last updated 3 years ago
  • English
Description

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.