Funding Limits
80% of total project costs
Program Contact Details
Email information unavailable
Contact details unavailable
Industry
All industry sectors
What is this funding for?
Funding for R&D at a New Brunswick research institution
Program Description
The Innovation Voucher Fund encourages collaboration and partnerships between small and medium-sized enterprises (SMEs) and research organizations. The Fund aims to accelerate innovation within SMEs by using the talent, capacity, and facilities of New Brunswick’s research organizations. The ultimate goal is to apply innovation in a way that improves the profitability and competitiveness of SMEs in New Brunswick.
Steps to Apply
1. Review eligibility criteria to ensure your company qualifies for the Innovation Voucher Fund
2. Prepare a comprehensive project proposal detailing the innovation, business case, market potential, feasibility, competitive advantage, and anticipated economic impact on New Brunswick
3. Gather necessary documentation, including company history, team information, expected benefits, competitive analysis, project goals, timelines, milestones, anticipated costs, available facilities and resources, required talent and expertise, and potential economic benefits to the province
4. Submit the project proposal electronically via the NBIF web portal
5. If selected, collaborate with the assigned research professionals to develop a detailed project work plan and budget outlining objectives, outcomes, and expected costs
6. Upon approval of the work plan and budget, sign a contract agreement with all parties involved to formalize the project commencement
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