Government of Newfoundland and Labrador
Overview
The Government of Newfoundland and Labrador, primarily through its Department of Industry, Energy and Technology (IET) and the Crown corporation known as the Innovation and Business Investment Corporation (IBIC), provides strategic funding to foster economic growth and diversification within the province. These entities offer various programs that distribute grants, non-repayable contributions, and loans to support private sector investment, business growth, innovation, and R&D, rather than acting as a traditional equity investor. The IET is the lead government department for economic development, while the IBIC is responsible for making strategic funding investments in innovation and business growth.
Portfolio Companies
20
Website
gov.nl.caInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| BAIE Minerals Inc. | Jun 2025 | Grant | Co-investor |
| trophi.ai | Jan 2024 | Grant | Co-investor |
| ClearRisk | Mar 2021 | Growth Equity | Co-investor |
| Nucliq Biologics | Jan 2024 | Grant | Co-investor |
| Avalon Holographics | Aug 2025 | Grant | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Government of Newfoundland and Labrador based?
Government of Newfoundland and Labrador is headquartered in St. John's, Newfoundland and Labrador, Canada.
When was Government of Newfoundland and Labrador founded?
Founding year information for Government of Newfoundland and Labrador is not publicly available.
How many portfolio companies does Government of Newfoundland and Labrador have?
Government of Newfoundland and Labrador has 20 portfolio companies in Caplight's dataset.
What are some companies in Government of Newfoundland and Labrador's portfolio?
Portfolio companies visible on Caplight include BAIE Minerals Inc., trophi.ai, ClearRisk, Nucliq Biologics, Avalon Holographics.
What was Government of Newfoundland and Labrador's most recent investment shown here?
Government of Newfoundland and Labrador's most recent investment in this portfolio sample was in Avalon Holographics in 2025.
What sectors does Government of Newfoundland and Labrador focus on?
Government of Newfoundland and Labrador focuses on Healthcare & Life Sciences, Media, Entertainment & Gaming, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, Enterprise Software, Energy & Sustainability, Frontier & Industrial Tech, Healthcare & Life Sciences, Energy & Sustainability, Media, Entertainment & Gaming, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Enterprise Software, Frontier & Industrial Tech, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, Energy & Sustainability, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Energy & Sustainability, Frontier & Industrial Tech, Consumer & Commerce.
What company stages does Government of Newfoundland and Labrador focus on?
Government of Newfoundland and Labrador typically invests at the MultiStage stage.