SituationalGrantOpen
NL Innovation and Business Development Fund (IBDF)
NL Department of Industry, Energy and Technology · Provincial
In plain language
$60M envelope secured over 10 years from the West White Rose royalty settlement. Supports projects that grow oil-and-gas supply-and-service capacity plus broader energy diversification (hydrogen, offshore wind, subsea tech). Non-repayable contribution up to 50% of eligible costs. Both commercial and non-commercial applicants. The fund tilts heavily toward projects with clear supply-chain or export potential — pure R&D without a commercialization thesis gets filtered out. Expect a business-case review, not a grant-writing exercise.
Realistic range
$50,000 – $3,000,000
Avg award
$400,000
Max advertised
$3,000,000
Cost share
50%
Accessibility
3 / 5
Effort
4 / 5
Deadline
Continuous intake
Repayable?
No
Who qualifies
Entity types
Incorporated, Nonprofit
Sectors
Energy, Ocean Tech, Technology, Manufacturing
Regions
NL Wide
Demographics prioritized
None specifically
What you'll have to report
Quarterly progress and financial reporting; final report with jobs, investment leverage, and supply-chain outcomes; audit rights reserved.