The Niagara Business & Innovation Fund was launched in October 2014 in response to emerging economic and business development needs in Niagara. The NBIF is the registered trade name of the South Niagara Community Futures Development Program which is now in its 31st year of creating opportunities for small and medium sized businesses in the Niagara Region. With the continued support of the Federal Economic Development Agency for Southern Ontario, the NBIF/SNCFDC invests in a wide range of business platforms from existing to new and emerging innovative ideas that will help transform the Niagara economy.
We work with a number of Niagara stakeholders to maximize impact to Niagara from post secondary institutions, innovation centres, Angel investors and Angel Networks and private investors. The Investment Fund of the NBIF/SNCFDC generally invests up to $150,000 in businesses that meet our due diligence and credit requirements. In exceptional circumstances, we can invest up to $250,000. Our strategy is to maximize investments with leveraged and co-investment opportunities.
The NBIF/SNCFDC has embarked on an ambitious special project with the support of the Government of Canada and the Federal Economic Development Agency for Southern Ontario. This initiative will focus on expanding the opportunities for innovation in Niagara through creative investments and partnerships that may include traditional loan financing as well as partnered equity investments. Our key mission is to contribute to an expanding and sustainable economy in Niagara and Canada.