Skip to content

Tech Sector News

Get the latest stories and announcements from New Brunswick’s diverse and thriving digital ecosystem.

The Impact of the New Brunswick Innovation Foundation in 2022

In the fiscal year 2021-2022, the New Brunswick Innovation Foundation invested $14.3M into applied research projects and start-up companies spanning all seven of the government's priority sectors. This investment enabled New Brunswick start-ups and researchers to improve productivity, address labour shortages, and grapple with urgent social and environmental issues. The investment also helped these start-ups and researchers land an unprecedented $104M from private sector investment, leveraged capital and funding from other sources, totalling more than $118M in new investment.

Highlights

•In the fiscal year 2021-2022, the Government of New Brunswick invested $14.3M into applied research projects and start-up companies spanning all seven of the government's priority sectors.
• This investment enabled New Brunswick start-ups and researchers to improve productivity, address labour shortages, and grapple with urgent social and environmental issues.
• The investment also helped these start-ups and researchers land an unprecedented $104M from private sector investment, leveraged capital and funding from other sources, totalling more than $118M in new investment.

Venture Capitalists and startup companies are always looking for new investment opportunities. In the fiscal year 2021-2022, the Government of New Brunswick invested $14.3M into applied research projects and start-up companies spanning all seven of the government's priority sectors. This investment enabled New Brunswick start-ups and researchers to improve productivity, address labour shortages, and grapple with urgent social and environmental issues. The investment also helped these start-ups and researchers land an unprecedented $104M from private sector investment, leveraged capital and funding from other sources, totalling more than $118M in new investment - a clear indication that there is great potential in New Brunswick businesses! If you're a Venture Capitalist or startup company looking for a place to invest your money, consider giving New Brunswick a closer look - you won't regret it!

Read the Full Report