Innovation and Business Development
IBDF is focused on investments to grow Newfoundland and Labrador’s oil and gas supply and service capabilities, including opportunities to diversify capacities in other energy sectors. The Department of Industry, Energy & Technology is administering the fund, ensuring coordination with the programs of the Innovation and Business Investment Corporation
Quick View
Funding
Amount
Varies per project
Funding %:
Up to 50%
Eligible Applicants
Processors, Academic, Producer Associations
Eligible
Purposes
Labour costs: Includes incremental wages/salaries for new technical, supply chain, or market development roles essential to the project and not covered by other programs.
Operating costs: May cover strategic supply chain initiatives, industry promotion, export readiness, market entry, tech demonstrations, and other direct project expenses.
Capital costs: Can include specialized equipment, renovations, and infrastructure built for supply/service needs.
Deadline
to Apply
N/A
Apply for This Funding Program
Explore available grants and funding opportunities designed to support Canadian farmers, producers, and agri-entrepreneurs. Whether you're expanding operations, investing in innovation, or starting fresh, we’ll work with you—helping you bring your vision to life.