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New Brunswick invests in innovation

A $5-million start-up investment fund to support innovation-based companies has been set up in New Brunswick.

New businesses focused on the development of an innovative product, service, technology or process can get up to $100,000 to support company creation, product development and testing, market research, intellectual-property protection and general business development.

“As part of our government’s $80m investment in innovation and R&D, we are creating another tool to provide entrepreneurial New Brunswickers with an opportunity to obtain early-stage equity capital to transform their innovations and business concepts into commercially viable ventures,” said David Alward, the province’s premier.

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