NBIF Innovation Voucher

For small and medium-sized businesses in New Brunswick that have an innovative idea but lack in-house research capacity, partnering with experts can be the difference between concept and commercialization. The NBIF Innovation Voucher is designed to help businesses tap into the province’s research talent and facilities to move new or improved products, processes, or technologies forward. Rather than funding internal work, this program connects eligible companies with universities, colleges, or other research organizations that can deliver specialized R&D support.

Delivered by the New Brunswick Innovation Foundation, the voucher helps cover a significant portion of project costs, with non-repayable funding that can reach up to about $80,000 for activities such as applied research, proof-of-concept development, prototyping, testing, and product demonstrations. Funding is paid directly to the research partner, making it easier for businesses to access high-level expertise without taking on the full financial burden. The program is particularly relevant for companies in sectors like information technology, manufacturing, biosciences, food and beverage, aerospace and defence, and energy, though innovative firms from other industries may also be considered.

The Innovation Voucher focuses on projects with strong commercial potential and the ability to improve a company’s competitiveness while generating economic benefits for New Brunswick. Applications are accepted on an ongoing basis, and understanding how your idea fits the program’s innovation and market expectations is key, making it worthwhile to explore the full details before getting started.