Grant
Provincial
Active
NBIF Innovation Voucher Fund
New Brunswick Innovation Foundation (NBIF)
Maximum Funding
Up to $80,000
Ongoing
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
Industries
Business Stage
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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How to Win
Insider tips, common pitfalls, and what successful applicants look like
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Insider TipNBIF 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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The pitfalls, the checklist and the reviewer notes are in the Playbook below. See what it includes ↓
What's in this Playbook
Everything you need to win NBIF Innovation Voucher Fund
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 6-document checklist with what each reviewer is actually checking
- Your Application Game Plan — the print-ready PDF the preview below describes
- 8-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 3-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what reviewers score on
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Application Playbook
Step-by-step process, required documents, and expenses
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8 steps
6 docs
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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3 partners
Compatible Programs
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
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| 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.) | Between intakes — the... |
| Innovative Solutions Canada | up to $150,000 | Hard | Milestone-Based | Challenge-specific — new... |
Related Programs
Other programs you might be eligible for
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Frequently Asked Questions
Quick answers to the questions founders most often ask about NBIF Innovation Voucher Fund
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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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Full Playbook: NBIF Innovation Voucher Fund
8 steps · 6 docs · reviewer insights