To boost New Brunswick’s position as a hotbed for Canadian innovation, a new graduate and doctoral scholarship initiative was launched on October 2. Ranging between $4,000 and $21,000, the scholarships are designed to attract, train and retain the talent the province needs to feed its growing innovation-based economy.
The funding is offered by the New Brunswick Innovation Foundation (NBIF) to students undertaking studies one of the STEM disciplines (science, technology, engineering and mathematics) or social innovation.
The New Brunswick Department of Post-Secondary Education, Training & Labour provided the funding for the $7 million New Brunswick Graduate Scholarship Initiative as part of the provincial government’s innovation strategy.
“We’re very proud to be offering these important scholarships for the first time in New Brunswick,” says NBIF Chair Robert Hatheway. “There is a lot of ground breaking research happening in the province as we speak, and we need to build on this. These scholarships will help recruit and retain the best students and inspire them to seriously consider innovation as a career path here.”
The New Brunswick Innovation Foundation (NBIF) is an independent, not-for-profit corporation that invests in new growth-oriented companies and applied research activities. With over $120 million under management, plus $275 million leveraged from other sources, NBIF has helped to create over 50 companies and fund 350 applied research projects since its inception in 2003. All of NBIF’s investment returns go back into the Foundation to be re-invested in other new companies and research initiatives.