New Brunswick Innovation Foundation
New Brunswick Innovation Foundation (NBIF) is an agency that seeks to promote entrepreneurship in the Canadian province of New Brunswick by making venture capital investments in startup companies and funding applied research to developing new intellectual property.[1][2][3] An independent not-for-profit corporation, the Foundation has $120 million under management, leveraging $310 million more from other sources. The foundation is based in Fredericton, New Brunswick.
 | |
| Abbreviation | NBIF |
|---|---|
| Formation | 2002 |
| Legal status | Foundation |
| Headquarters | Fredericton, New Brunswick |
| Services | venture capital and applied research investments |
CEO | Jeff White |
| Website | nbif |
Investment areas
The NBIF supports makes investments in research and development projects and early stage companies within the following strategic industries*:
Knowledge industry
- Information and Communication Technologies: internet solutions/e-commerce, software development, system integration, e-learning, e-health, security solutions, new media, network technologies, wireless applications, communications
- Geomatics: hydrographic and ocean mapping, mineral mapping
- Engineering: computer, electronics, architectural, ocean technologies, medical
Life sciences
- Biotechnology: bio-medical engineering, bio-pharmaceuticals, genomics, breeding and pest management, bio-informatics, crop science and bio-pesticides and bio-products.
- Marine Science: aquaculture, salmon physiology and shellfish ecology, equipment development, oceanography, fish health, genetic collection of marine life.
- Wood Science: forest protection, forest improvement, pulp and paper science, forest pest management, propagation/breeding, genetic collection of trees.
Advanced manufacturing
- Plastics and rubbers: packaging, wraps, containers, vessels, signs, pipes and hoses.
- Metalworking: fabrications, building materials, transportation equipment, conveyors, harvesting equipment and containers.
- Electronics: communication devices, switches and circuits, sensors, probes, smart materials, gaming devices, nano.
Value-added natural resources
- Agriculture : value-added products, food safety, new product development.
- Forestry: silviculture, wood composites, engineered building materials, furniture, paper and allied products.
- Minerals: value-added from metallic minerals such as lead and from industrial minerals, particularly limestone and potash, development of new exploration technologies targeting deeper seated mineral bodies, finding new methods of treating reactive acid tailings and ways of extending the life of present mines.
- Aquaculture and Fisheries: fish and shellfish, alternative species, value-added fish and seafood products.
Energy and environmental technologies
- Energy Generation: alternate energy sources such as wind, solar, hydro or marine bio-fuel, geothermal.
- Energy Storage: fuel cells, advanced batteries, hybrid systems.
- Energy Infrastructure: expanded natural gas distribution, bio-fuel processing technologies
- Water and Waste Water: water treatment, conservation
- Air and Climate: emission control, clean-up/safety, monitoring or compliance, trading and offsets.
- Recycling and Waste: recycling, waste treatment, bio-remediation.
- The examples provided are simply for information purposes and are not intended to be all-encompassing.
References
- "Chapter 4 Department of Business New Brunswick New Brunswick Innovation Foundation" (PDF). Retrieved July 13, 2014.
- "New Brunswick Innovation Foundation (NBIF)". Huamn Development Council Community Services Database New Brunswick. Retrieved July 13, 2014.
- Denita Cepiku; David K. Jesuit; Ian Roberge, eds. (2013). Making multilevel public management work : stories of success and failure from Europe and North America. Boca Raton: CRC Press. ISBN 9781466513808. LCCN 2013004191.
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