Office of the Premier, Economic Development, October 23, 2013 - Fredericton
Province invests $5 million in new start-up investment fund
The provincial government is investing $5 million in a new start-up investment fund to assist entrepreneurs to develop innovation-based growth companies in New Brunswick. The investment will be used to create and administer the Startup Investment Fund through the New Brunswick Innovation Foundation. The fund will be used solely to start-up and develop a business in New Brunswick focused on the development, refinement and commercialization of an innovative product, service, technology or process. From left: Bob Hatheway, chair of the New Brunswick Innovation Foundation; Fredericton-Fort Nashwaak MLA Pam Lynch; Fredericton-Silverwood MLA Brian MacDonald; Brent Macdonald, chief executive officer of Xiplinx; Premier David Alward; and Fredericton Mayor Brad Woodside.