Startup Investment Fund (SIF)
$200,000.00
Investment
Description:
The Startup Investment Fund (SIF) provides New Brunswick entrepreneurs with the investment capital they need to develop their product into a commercially viable venture. This investment will take the form of equity through the purchase of common shares or issuance of convertible debentures. Initial investment from NBIF is expected to be used to leverage additional funding from other investors or funding agencies to fully support the business for a 12 to 18-month period.
Comments on Funding:
Under the SIF, companies are eligible for pre-seed capital investment of up to $200,000.
Continuous Intake
Eligibility:
Applicants must:
1. be New Brunswick entrepreneurs,
2. have domain or technical expertise in market space,
3. have 12-18 months of runway.
Application Steps:
Applicants must contact the Startup Investment Fund team at proposals@nbif.ca.
Documentation Needed:
Applicants must submit:
1. a business plan,
2. three-year financial projections with monthly detail for the first year, and quarterly detail for the following two.
Investors would also like to see a plan towards raising additional rounds of financing, to see the milestones that will create a path that will allow you to raise larger rounds of financing at a higher valuation.
Other Things to Note:
About the author
Maurice
