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 Newfoundland

Prospre Nutrition

Grant in 2020
Prospre Nutrition is a nutrition app with the goal of making nutrition-focused meal planning easy.

TotaliQ

Seed Round in 2020
TotaliQ developed a platform that lets companies tap and share the expertise of their staff members. It solves a problem common to many companies: they employ people with a vast range of expertise, but it’s difficult for all employees to access that knowledge.

Safa

Venture Round in 2020
Safa is a technology company that uses AI to reduce employment-related risks for employers and insurers while simultaneously improving the lives of employees. It means purity, clarity, serenity, lucidity, fineness, and fairness. They help people who are interested in innovating in areas that benefit society.

R17

Convertible Note in 2013
R17, formerly known as RUMAnalytics, specializes in website optimization services aimed at enhancing online performance. The company measures, monitors, diagnoses, and improves website speed, which is crucial for achieving higher conversion rates, reducing bounce rates, and enhancing search engine rankings. By combining expertise in performance optimization with user-friendly analytics and actionable recommendations, R17 provides clients with insights relevant to their business objectives. Their services also include advanced Content Delivery Network (CDN) technology, allowing businesses to understand and improve their website performance across various browsers and countries. This approach not only helps clients optimize their websites but also contributes to a better user experience on both personal computers and mobile devices.

Flixel Photos

Seed Round in 2011
Flixel Photos Inc. specializes in developing tools for visual storytelling, focusing on the creation of cinemagraphs—dynamic images that feature subtle, looping motion within a still frame. Founded in 2011 and based in Toronto, Canada, the company offers several products, including Cinemagraph Pro, a software platform available for Mac and iOS that allows users to create and share cinemagraphs. Additionally, Flixel provides Persecond for Mac, which enables the production of timelapse videos. Through Flixel Cloud, the company offers a subscription service that grants users access to its software tools, along with hosting and sharing services for high-definition cinemagraphs across web and social media platforms. Flixel serves a diverse clientele, including photographers, videographers, and digital marketers, seeking to enhance their visual content through innovative techniques.

Encore Interactive

Venture Round in 2009
Encore Interactive Inc. is a software development company based in Saint John, Canada, that specializes in providing multimedia streaming solutions for telephone and cable companies. Founded in 2007, the company focuses on creating applications for IPTV service providers, enabling consumers to watch, record, and share television programs using various devices, including TVs, computers, and mobile phones. Its flagship product, Encore Media Gateway, offers features such as whole home digital video recording, live TV pausing, and media sharing, all without the need for new set-top boxes. The company emphasizes custom development, turnkey solutions, and cost-effective commercial products to enhance the user experience for IPTV subscribers. Encore Interactive has established a strategic partnership with Mariner Partners Inc. to further strengthen its offerings in the multimedia space.

AnyWare Group

Series B in 2005
AnyWare Group, Inc. specializes in remote access solutions tailored for hospitals and healthcare organizations across North America. The company offers a managed service called role oriented access management (ROAM), which integrates and delivers web, legacy, client/server, and custom applications to personal computers and Macs used in healthcare settings. Its suite of services includes the ROAM Portal, a web-based presentation layer, and ROAM services that encompass online collaboration, video conferencing, live remote support, and desktop access. Additionally, AnyWare Group provides the ROAM Identity Manager for integration with active directory and single sign-on functionalities. To enhance security, it features an Embedded Security Agent that manages encrypted connections between users and applications, along with a ROAM VPN service for secure remote access to client/server applications. Founded in 1999 and headquartered in Saint John, Canada, AnyWare Group aims to simplify and secure access to critical healthcare resources.

AnyWare Group

Series A in 2004
AnyWare Group, Inc. specializes in remote access solutions tailored for hospitals and healthcare organizations across North America. The company offers a managed service called role oriented access management (ROAM), which integrates and delivers web, legacy, client/server, and custom applications to personal computers and Macs used in healthcare settings. Its suite of services includes the ROAM Portal, a web-based presentation layer, and ROAM services that encompass online collaboration, video conferencing, live remote support, and desktop access. Additionally, AnyWare Group provides the ROAM Identity Manager for integration with active directory and single sign-on functionalities. To enhance security, it features an Embedded Security Agent that manages encrypted connections between users and applications, along with a ROAM VPN service for secure remote access to client/server applications. Founded in 1999 and headquartered in Saint John, Canada, AnyWare Group aims to simplify and secure access to critical healthcare resources.
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