---
title: NBIF's new AI fund now open
description: TechImpact Launches Online Hub To Connect Tech Providers With N.B. Businesses
---

[News ](https://collabhubatlantic.ca/news)

# [NBIF's new AI fund now open](https://collabhubatlantic.ca/news/nbifs-new-ai-fund-now-open)

 Written by [University of New Brunswick](https://collabhubatlantic.ca/news/author/university-of-new-brunswick) | Nov 5, 2021 11:10:43 AM

Source: University of New Brunswick

## New nonrepayable program to help companies use AI

| NBIF has launched a new series of funding programs with the goal of “Providing access to AI expertise, talent and research for NB companies to increase their productivity and competitiveness”. The programs: Launched on October 21, 2021 and close August 21, 2022 Are run by the New Brunswick Innovation Foundation Will invest $3.2M in Artificial Intelligence (AI) R&D in New Brunswick These programs are exclusively offered to companies who: Are headquartered in NB Have a problem statement showing how AI might be able to help their business Had demonstrated revenue in FY20-21 Have digitized data and can use computers to control aspects of their operations NBIF are looking for projects that: Involve a researcher based at one of NB’s universities, colleges, or research institutions Center on an application of AI - the use of robotics or data analytics alone does not qualify Are a maximum of 1.5 years in length Can help your company to test, adopt or implement an AI based solution The financing on approved projects: Is a non-repayable grant The NBIF funding is paid directly to the academic researcher Eligible expenses include salaries (at the academic institution), software, consumables, travel and limited hardware (any equipment purchased remains property of the academic institution) |
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| For more information For more information, including applications, contact NBIF at researchservices@nbif.ca or refer to NBIF's website.  |
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**Read the original article [here](https://mailchi.mp/unb.ca/nbif-ai-fund-for-new-brunswick-companies?e=030f3230b6)**

[View full post](https://collabhubatlantic.ca/news/nbifs-new-ai-fund-now-open)

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