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The inner workings of a venture capital fund can seem mysterious to those of us on the outside, and the New Brunswick Innovation Foundation is eager to shine a light on how these funds operate.
NBIF is not your typical VC fund and the organization is happy to explain the difference between itself and more traditional funds. As well as having a different structure, the Fredericton-based agency has a flatter investment team than a traditional VC fund, and its proceeds are ploughed back into the fund rather than given to investors.
Where NBIF does NOT differ from other VC