# Innovation and Business Development Fund

**Type:** Grant
**Category:** Other Programs
**Eligible Regions:** Newfoundland and Labrador
**Eligible Sectors:** oil; gas
**Official Source:** https://www.gov.nl.ca/iet/royalties/innovation-business-dev-fund/

## About This Program

Financing for oil and gas projects in NL

## Details

The IBDF is a key mechanism to facilitate the necessary collaboration, investment, and industry growth  required to position Newfoundland and Labrador globally as a preferred location for energy  development.

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