The New Brunswick Innovation Foundation has announced $1 million of investments in a trio of artificial intelligence research and development projects via its Strategic Acceleration program for ongoing research projects.
The three university-based R&D groups have also leveraged the money from NBIF to raise another $946,000 of funding, including money from the private sector. The Strategic Acceleration Fund requires recipients to have already leveraged any potential NBIF backing for additional investment or be on track to do so within three months. Projects must also be slated for completion