$7 Million New Brunswick Research Chairs To Turn Science into Enterprise

First New Brunswick Innovation Research Chairs Announced

FREDERICTON, June 4, 2014 /CNW/ - The New Brunswick Innovation Foundation (NBIF) today established the first three of six new applied research chairs valued at over $3,525,000 over five years. When complete, over $7 million will be awarded for outstanding researchers to work with industry and turn their innovations into enterprise.

Areas of research for the first round include the commercialization of plant-based omega-3 fatty acids for food and pharmaceuticals; advanced cyber security threat detection, response and mitigation systems; and biomedical human prosthetic and augmentation devices. The next round is open to exceptional researchers from across Canada and around the world.

The inaugural recipients of the New Brunswick Innovation Research Chairs are (click one each name for full profile):

Dr. Marc Surette - New Brunswick Innovation Research Chair in Biosciences
Dr. Erik Scheme - New Brunswick Innovation Research Chair in Medical Devices and Technology
Dr. Natalia Stakhanova - New Brunswick Innovation Research Chair in Cyber Security  

Each will receive $1,000,000 in applied research funding over five years, plus funding for two graduate research assistants and one research technician, valued at $175,000. The remaining three chairs will be selected in the winter of 2015. The competition begins with a letter of intent to be delivered to NBIF not later than October 31, 2014. For the final round, preference will be given to candidates that are external to the applicant organization. For more information about the competition, click here.

The New Brunswick Innovation Foundation is an independent, not-for-profit corporation that makes venture capital investments in start-up companies, R&D within establish businesses, and applied research at New Brunswick research institutes and universities. Since inception, it has invested over $50 million leveraging over $315 million more to create over 50 companies and fund more than 350 research projects.

Image with caption: "Drs. Erik Scheme, Natalia Stakhanova and Marc Surette receive the first New Brunswick Innovation Research Chairs at a ceremony in Fredericton, New Brunswick, Canada (CNW Group/New Brunswick Innovation Foundation)". Image available at: http://photos.newswire.ca/images/download/20140604_C8445_PHOTO_EN_41089.jpg

SOURCE: New Brunswick Innovation Foundation

For further information:

Chet Wesley
Director, Marketing and Communications
NBIF
877-554-6668
info@nbif.ca

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New Brunswick Innovation Foundation

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