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!
