Updated June 2026 · Verified against New Brunswick Innovation Foundation (NBIF) guidelines
✓ First-Timer Friendly Reimbursement Est. 2014
Grant Provincial Active

NBIF Innovation Voucher Fund

New Brunswick Innovation Foundation (NBIF)
Maximum Funding
Up to $80,000
Ongoing
Visit Official Program →
Difficulty
Easy
Payment
Reimbursement
Trend
Stable
First-Timers
Friendly ✓
Co-Funding
80%
NBIF Innovation Voucher Fund provides Up to $80,000 (80% of costs; projects $10K-$100K). Up to $80,000 (80% of project costs for projects between $10K-$100K) for New Brunswick SMEs partnering with research organizations on innovation projects. The program covers up to 80% of eligible costs. Applications are accepted on an ongoing basis. Approval odds: ~40–60% (GrantCompass analysis)
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Eligibility & Details

What this program funds and who can apply

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Program Description

Up to $80,000 (80% of project costs for projects between $10K-$100K) for New Brunswick SMEs partnering with research organizations on innovation projects. Supports R&D, product development, and technology adoption through collaborative research partnerships.

Eligibility Requirements

  • New Brunswick-incorporated SME
  • Fewer than 500 employees
  • Operating for 24+ months
  • Must partner with a recognized research organization
  • Project costs between $10,000 and $100,000
Provinces
New Brunswick
Industries
Technology Manufacturing Clean Technology Innovation
Business Stage
Growth Established Expansion

Quick Assessment

Difficulty
Easy
Competition
Moderate
First-Timer
Friendly

Funding Details

Amount
Up to $80,000 (80% of costs; projects $10K-$100K)
Type
Grant
Level
Provincial
Co-Funding
Up to 80% of eligible costs
Deadline
Ongoing

Program Scorecard

Competition, effort, and approval at a glance

Competition
Moderate
Deadline
Ongoing
Approval
Moderate
Approval Rate
~40–60%
Accessibility
--/5
Competition
--/5
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What's in this Playbook

Everything you need to win NBIF Innovation Voucher Fund

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How to Win

Insider tips, common pitfalls, and what successful applicants look like

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Insider Tip

NBIF has strong relationships with UNB, UdeM, and other NB research institutions.

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Success Profile

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Evaluation Criteria

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Application Playbook

Step-by-step process, required documents, and expenses

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Application Steps

1 Identify a technical challenge suitable for collaborative research with a university or research institute

Required Documents 6

✓ Application form
✓ Project plan with clear innovation objectives

Eligible Expenses 5

Ineligible Expenses 7

Intake Periods

Deadline Notes

Ineligible Organizations

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Funding Stack Strategy

Compatible programs, clawback risk, and combined funding potential

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Compatible Programs

NRC-IRAP Mitacs ACOA — Business Development Program (BDP)
Combined Funding Potential See your total funding potential

Clawback Risk

Low Risk
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How NBIF Innovation Voucher Fund Compares

Side-by-side with similar programs

Free
Program Amount Difficulty Payment Deadline
NBIF Innovation Voucher Fund Up to $80,000 Easy Reimbursement Ongoing
Mitacs Accelerate $15,000 per internship unit Easy Advance Payment Ongoing
Strategic Response Fund (formerly Str... Minimum $10 million contribution Hard Mixed (Advance + Reimb.) Ongoing — continuous...
CanExport SMEs Up to $50,000 Moderate Mixed (Advance + Reimb.) Applications accepted...
Innovative Solutions Canada up to $150,000 Hard Milestone-Based Challenge-specific — new...

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Frequently Asked Questions

Quick answers to the questions founders most often ask about NBIF Innovation Voucher Fund

Free
Can sole proprietors apply?
No — must be incorporated as a New Brunswick business with 24+ months of operation. Sole proprietors are ineligible for this grant.
What's the typical award amount?
$30,000-$60,000 (80% of project costs between $10K-$100K). The $80K max is rarely achieved — most projects fall in the $30K-$60K range.
Do I need a research partner before applying?
Yes — must have a signed agreement with a recognized research organization (e.g., UNB, NB research institutes) before submitting. NBIF can help match you if needed.
How long does it take to get paid?
Reimbursement after project completion and submission of receipts. Processing time averages 4-6 weeks post-submission.
Why do applications fail?
Most fail due to lacking a genuine research partnership (not just a consultant), projects being routine business activities, or project costs outside $10K-$100K.

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