Mitacs and the New Brunswick Innovation Foundation, or NBIF, have announced a joint initiative that will pay $860,000 toward research internships at New Brunswick companies.
The two organizations announced Monday that NBIF is contributing $160,000 to the Mitacs research internships program, which will allow Mitacs to increase its funding in New Brunswick by $700,000.
The statement said the funding from this initiative will be directed to companies that already receive NIBF support through its Innovation Voucher Fund or Venture Capital Fund.
“This new initiative is a win-win for our