New Brunswick Innovation Foundation

The New Brunswick Innovation Foundation (NBIF), established in 2004 and located in Fredericton, Canada, is an independent non-profit organization dedicated to fostering innovation and economic development. The foundation invests in growth-oriented companies and applied research activities, focusing on projects with potential for commercialization. Unlike traditional financial institutions, NBIF provides equity capital rather than loans, allowing it to take an active role in the companies it supports. Additionally, it offers professional support and networking opportunities to enhance the growth of startups. By investing in research and development, as well as recruiting and nurturing talented researchers, NBIF aims to strengthen New Brunswick's capacity for innovation and create commercial opportunities across key strategic industries. The foundation also plays a pivotal role in attracting additional investments from various capital and industrial partners, thereby amplifying its impact on the local economy.

Kamrul Arefin

Investment Analyst

Thomas Bird

Investment Manager

Jaime Christian

Investment Manager

Peter Goggin

Director of Investments

Laila Thériault

Investment Analyst

Jeff White

CEO

Past deals in New Brunswick

Brunvalley

Seed Round in 2022
Brunvalley is a software development company based in Saint John, New Brunswick, founded in 2017. The company specializes in creating technologies that facilitate self-service access to financing and insurance solutions. Utilizing artificial intelligence, Brunvalley's platform generates instant quotes for customers, streamlining the purchasing process by minimizing the number of questions required to complete a policy transaction. This approach not only enhances the customer experience but also supports insurers by providing a more efficient sales process, ultimately leading to increased revenue.

Brunvalley

Seed Round in 2021
Brunvalley is a software development company based in Saint John, New Brunswick, founded in 2017. The company specializes in creating technologies that facilitate self-service access to financing and insurance solutions. Utilizing artificial intelligence, Brunvalley's platform generates instant quotes for customers, streamlining the purchasing process by minimizing the number of questions required to complete a policy transaction. This approach not only enhances the customer experience but also supports insurers by providing a more efficient sales process, ultimately leading to increased revenue.

Eyesover

Venture Round in 2018
Eyesover is a company based in Fredericton, New Brunswick, Canada, founded in 2015. It specializes in developing a public opinion research platform that leverages artificial intelligence to provide real-time insights into online discussions and emerging trends. By utilizing advanced algorithms, Eyesover identifies relevant conversations and issues that clients should monitor, allowing them to stay informed about shifts in public sentiment. This proactive approach enables businesses to measure and understand topics that may influence their industries, helping them protect their brand reputation and manage potential crises effectively.

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 Aerospace is a bioinformatics and data analytics company, delivering customized agriculture solutions for large corporate clients. Utilizing recent advances in large-scale cloud-based data processing, swarm robotics, and advanced data analytics, its proprietary Resson Agricultural Management and Analytics System gives the agricultural operator analytical insight and dynamic control over the farm area. Resson Aerospace’s Resson Agricultural Management and Analytics System, data-driven agriculture solution, analyzes crop metrics to assess crop status and health, providing operators with the information required to optimize agricultural operations, improve efficiency, boost yields, and maximize profitability. It is headquartered in Fredericton, N.B.

Welltrack

Seed Round in 2017
WellTrack is a Canadian company based in Fredericton that offers an online platform for on-demand therapy, specifically targeting mental health issues such as stress, anxiety, and depression. As a subsidiary of CyberPsyc Software Solutions, Inc., WellTrack specializes in computerized cognitive behavioral therapy (CCBT), providing interactive self-help tools designed to support the mental well-being of students, faculty, and employees. The platform aims to enhance access to mental health care, enabling users to manage their mental health effectively and seek assistance when needed.

Resson

Series B in 2016
Resson Aerospace is a bioinformatics and data analytics company, delivering customized agriculture solutions for large corporate clients. Utilizing recent advances in large-scale cloud-based data processing, swarm robotics, and advanced data analytics, its proprietary Resson Agricultural Management and Analytics System gives the agricultural operator analytical insight and dynamic control over the farm area. Resson Aerospace’s Resson Agricultural Management and Analytics System, data-driven agriculture solution, analyzes crop metrics to assess crop status and health, providing operators with the information required to optimize agricultural operations, improve efficiency, boost yields, and maximize profitability. It is headquartered in Fredericton, N.B.

Resson

Series A in 2014
Resson Aerospace is a bioinformatics and data analytics company, delivering customized agriculture solutions for large corporate clients. Utilizing recent advances in large-scale cloud-based data processing, swarm robotics, and advanced data analytics, its proprietary Resson Agricultural Management and Analytics System gives the agricultural operator analytical insight and dynamic control over the farm area. Resson Aerospace’s Resson Agricultural Management and Analytics System, data-driven agriculture solution, analyzes crop metrics to assess crop status and health, providing operators with the information required to optimize agricultural operations, improve efficiency, boost yields, and maximize profitability. It is headquartered in Fredericton, N.B.

Introhive

Series B in 2013
Introhive offers a SaaS platform that helps organizations increase revenues and improve customer experience management. Its platform brings relationship intelligence into CRM with data automation and sales acceleration. The company also provides an enterprise relationship management (ERM) solution that helps get relationship insights and boost productivity. It was founded in 2012 by Jody Glidden and Stewart Walchli and is based in Fredericton, New Brunswick.

Introhive

Series A in 2012
Introhive offers a SaaS platform that helps organizations increase revenues and improve customer experience management. Its platform brings relationship intelligence into CRM with data automation and sales acceleration. The company also provides an enterprise relationship management (ERM) solution that helps get relationship insights and boost productivity. It was founded in 2012 by Jody Glidden and Stewart Walchli and is based in Fredericton, New Brunswick.

Legacy Lane Fiber Mill

Seed Round in 2006
It is an exotic textile manufacturing company that caters to the exotic farmers looking to transform animal hair into specialized, high quality textiles, a service not offered by larger mills. The company’s specialization is derived by its combination of fiber processing machines into a mini fiber mill. This scaled-down, innovative mill operation is the first of its kind in New Brunswick and is capable of processing both large and small batch orders
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