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APPENDIX: BUSINESS INCENTIVESNEW BRUNSWICKNEW BRUNSWICK INNOVATION FOUNDATION (“NBIF”)The mandate of the NBIF is to contribute to the development and enhancement of innovationcapacity in New Brunswick. The NBIF supports targeted and leveraged investments ininnovation, and in research and development in New Brunswick. The NBIF has identified priorityareas for its funding initiatives, which include advanced manufacturing, energy andenvironmental technologies, the knowledge industry, life sciences and value-added naturalresources. Among the funds and programs available through the NBIF are:RESEARCH INNOVATION FUND (“RIF”)The RIF assists in building the innovation capacity of eligible organizations by supportinginnovation projects that have the potential for transforming new ideas into new products,services, technologies or processes. The RIF focuses on, but is not restricted to, applied R&Dand innovation activities performed in the province.STARTUP INVESTMENT FUND (“SIF”)The SIF provides entrepreneurs located in New Brunswick with access to startup capital tosupport the formation, initial capitalization and development of new and innovative growthbusinesses in the province. The SIF is designed to provide entrepreneurial New Brunswickerswith the unique opportunity to obtain the early-stage equity capital they require to transform theirinnovations and business concepts into commercially viable ventures. Companies may beeligible for up to $100,000 under the SIF.NBIF INNOVATION VOUCHER FUND (“NBIF IVF”)The NBIF IVF encourages collaboration and partnerships between small and medium-sizedenterprises (“SME”s) and research organizations. The NBIF IVF aims to accelerate innovationwithin SMEs by leveraging the talent, capacity and infrastructure of New Brunswick researchinstitutions. The ultimate goal is to apply innovation in a way that improves the profitability andthe competitiveness of SMEs in New Brunswick. Projects may range in size from $10,000 to$100,000. NBIF will fund 80% of the total project costs, up to a maximum of $80,000 per project.The company will be required to fund the remaining 20%.Business Incentives 163

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