New Brunswick Innovation Foundation

New Brunswick Innovation Foundation (NBIF), established in 2003, is a Canadian venture capital firm based in Fredericton. It invests in early-stage, growth-oriented companies and applied research projects, primarily in New Brunswick. Unlike traditional financial institutions, NBIF invests in companies' equity and provides funding to research projects with commercialization potential. The foundation's unique approach involves attaching certain rights to developed intellectual property to facilitate its commercialization. NBIF manages $40 million and has helped leverage over $160 million in additional capital for its portfolio companies and researchers. Its mission is to foster innovation and create commercial opportunities in New Brunswick's strategic industries.

Kamrul Arefin

Investment Analyst

Thomas Bird

Investment Manager

Jaime Christian

Investment Manager

Peter Goggin

Director of Investments

Daniel Hoyles

Investment Analyst

Laila Thériault

Investment Analyst

Jeff White

CEO

Past deals in New Brunswick

Brunvalley

Seed Round in 2022
Brunvalley is a software technology company founded in 2017 and headquartered in Saint John, New Brunswick. The company specializes in developing solutions that provide self-service access to financing and insurance needs. Utilizing artificial intelligence, Brunvalley's platform generates instant quotes for potential customers, streamlining the purchasing process by minimizing the number of questions required from users. This innovative approach not only enhances the customer experience but also facilitates a more efficient sales process for insurers, ultimately contributing to revenue growth.

Brunvalley

Seed Round in 2021
Brunvalley is a software technology company founded in 2017 and headquartered in Saint John, New Brunswick. The company specializes in developing solutions that provide self-service access to financing and insurance needs. Utilizing artificial intelligence, Brunvalley's platform generates instant quotes for potential customers, streamlining the purchasing process by minimizing the number of questions required from users. This innovative approach not only enhances the customer experience but also facilitates a more efficient sales process for insurers, ultimately contributing to revenue growth.

Eyesover

Venture Round in 2018
Eyesover, established in 2015 and based in Fredericton, New Brunswick, Canada, specializes in real-time online public opinion analysis. The company employs AI technology to monitor and interpret relevant discussions across the web, enabling clients to promptly identify and address potential issues or trends that could impact their industry or brand reputation. Unlike traditional methods, Eyesover's platform goes beyond keyword searches, uncovering and measuring topics that might otherwise go unnoticed. This proactive approach helps businesses mitigate crises and maintain a positive public image.

University of New Brunswick

Grant in 2018
The University of New Brunswick (UNB) is one of Canada's oldest English-language universities and one of the first public universities established in North America. Founded in 1785, the multi-campus institution is home to over 60 research centres and institutes, groups and ongoing projects. The university offers over 75 undergraduate and graduate programs in 14 faculties to more than 10,500 students at campuses in Fredericton and Saint John from more than 100 countries, and several thousand more take UNB courses online and at partner institutions around the world. As the largest research institution in New Brunswick, UNB conducts more than 75 per cent of the province’s university research.

Resson

Series C in 2018
Resson is a bioinformatics and data analytics company based in Fredericton, New Brunswick, specializing in customized agriculture solutions for large corporate clients. The company employs advanced technologies such as cloud-based data processing, swarm robotics, computer vision, and machine learning to enhance agricultural productivity. Its proprietary platform, the Resson Agricultural Management and Analytics System, analyzes crop metrics to assess the health and status of crops. By providing actionable insights derived from field data, Resson enables agricultural operators to optimize their operations, improve efficiency, increase yields, and maximize profitability.

Welltrack

Seed Round in 2017
WellTrack is a Canadian company based in Fredericton that specializes in providing on-demand online therapy aimed at addressing mental health issues such as stress, anxiety, and depression. As a subsidiary of CyberPsyc Software Solutions, Inc., WellTrack offers an interactive self-help platform that incorporates computerized cognitive behavioral therapy (CCBT) techniques. This service is designed to enhance access to mental health care for students, faculty, and employees, enabling them to manage their mental well-being effectively.

Resson

Series B in 2016
Resson is a bioinformatics and data analytics company based in Fredericton, New Brunswick, specializing in customized agriculture solutions for large corporate clients. The company employs advanced technologies such as cloud-based data processing, swarm robotics, computer vision, and machine learning to enhance agricultural productivity. Its proprietary platform, the Resson Agricultural Management and Analytics System, analyzes crop metrics to assess the health and status of crops. By providing actionable insights derived from field data, Resson enables agricultural operators to optimize their operations, improve efficiency, increase yields, and maximize profitability.

Resson

Series A in 2014
Resson is a bioinformatics and data analytics company based in Fredericton, New Brunswick, specializing in customized agriculture solutions for large corporate clients. The company employs advanced technologies such as cloud-based data processing, swarm robotics, computer vision, and machine learning to enhance agricultural productivity. Its proprietary platform, the Resson Agricultural Management and Analytics System, analyzes crop metrics to assess the health and status of crops. By providing actionable insights derived from field data, Resson enables agricultural operators to optimize their operations, improve efficiency, increase yields, and maximize profitability.

Introhive

Series B in 2013
Introhive, Inc. is a Canadian technology company based in Fredericton, New Brunswick, that specializes in developing contact mining software applications. Founded in 2012 by Jody Glidden and Stewart Walchli, the company offers a software-as-a-service (SaaS) platform designed to enhance revenue generation and improve customer experience management. Introhive's platform integrates relationship intelligence into customer relationship management (CRM) systems, utilizing data automation to accelerate sales processes. The company's enterprise relationship management solution provides valuable insights into client and prospect relationships, streamlining tasks such as sales hiring, prospecting, territory assignment, renewals, and lead scoring. By transforming disorganized data into actionable insights, Introhive aims to boost productivity and facilitate CRM adoption for its clients.

Populus Plus

Venture Round in 2013
Populus Global Solutions Inc. is a prominent provider of innovative health information services designed to enhance patient care and streamline healthcare delivery. The company goes beyond traditional electronic health record systems by integrating functionalities such as population health management and disease management into a single platform. This comprehensive solution allows healthcare providers to efficiently manage program enrollment, maintain disease registries, enable care pathways, and analyze gaps in care. Additionally, Populus offers tools for performance management, value-based measurement, patient attribution, and risk stratification, empowering clients to quickly create, deploy, and assess population health initiatives. With a proven track record of delivering projects on time and within budget, Populus serves a global clientele, including healthcare professionals in New Brunswick.

Introhive

Series A in 2012
Introhive, Inc. is a Canadian technology company based in Fredericton, New Brunswick, that specializes in developing contact mining software applications. Founded in 2012 by Jody Glidden and Stewart Walchli, the company offers a software-as-a-service (SaaS) platform designed to enhance revenue generation and improve customer experience management. Introhive's platform integrates relationship intelligence into customer relationship management (CRM) systems, utilizing data automation to accelerate sales processes. The company's enterprise relationship management solution provides valuable insights into client and prospect relationships, streamlining tasks such as sales hiring, prospecting, territory assignment, renewals, and lead scoring. By transforming disorganized data into actionable insights, Introhive aims to boost productivity and facilitate CRM adoption for its clients.

Legacy Lane Fiber Mill

Seed Round in 2006
Legacy Lane Fiber Mill is an innovative textile manufacturing company based in New Brunswick, specializing in the transformation of exotic animal fibers into high-quality textiles. Catering primarily to exotic farmers, the mill offers a unique service that is not typically provided by larger mills, utilizing a mini fiber mill operation that combines advanced fiber processing machines. This capability allows for the processing of both large and small batch orders. The company produces a variety of woolen fiber products, including micro-milled alpaca yarns, woven blankets, shawls, scarves, and knitted items such as ponchos, hats, and gloves. By focusing on environmentally sustainable practices, Legacy Lane Fiber Mill enables consumers to access premium textile products while minimizing waste and reducing their carbon footprint.
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