Tuesday, June 4, 2024

Bathurst, NB – The New Brunswick Association of Community Business Development Corporations (NBACBDC) announced the launch of a new initiative aimed at enhancing the cybersecurity and artificial intelligence (AI) capabilities of small and medium-sized enterprises (SMEs) throughout New Brunswick. This forward-thinking program provides eligible SMEs with grants of up to $3,000 to access local experts and services to bolster their cybersecurity and AI infrastructure.

Cybersecurity New Brunswick is designed to build awareness about the importance of cybersecurity and AI through comprehensive training and information sessions. With the help of their local CBDC, participating SMEs will receive guidance and support in understanding and strengthening their cybersecurity posture, leveraging local expertise to navigate the complexities of the digital landscape.

The primary objective of the program is to equip New Brunswick SMEs with the tools and knowledge necessary to safeguard their digital assets and integrate AI solutions into their business operations. The program will provide:

• Grants of up to $3,000: Eligible SMEs can access local cybersecurity and AI experts to conduct risk assessments, readiness evaluations, and training sessions.
• Expert Consultation: Assistance in identifying and hiring subject matter experts to enhance the cybersecurity and AI readiness of participating businesses.
• Simplified Application Process: An online platform for easy application and claims processing, ensuring accurate data capture and accessibility for program staff and participants.

Michael Petrovici, owner of Protax+ in Bathurst, NB, highlighted the significance of the NBACBDC’s program and its alignment with their cybersecurity goals: “At Protax+, we are excited to engage in the NBACBDC’s initiative, a perfect match for our ongoing commitment to bolster cybersecurity. This grant empowers us to adopt sophisticated security protocols, further fortifying the confidentiality and safety of our clients’ financial information. Our investment in state-of-the-art cybersecurity measures transcends mere protection of our operations—it is a decisive step in reinforcing our clients’ trust and the integrity of our services. This proactive enhancement of digital security exemplifies our unwavering dedication to excellence and complete client satisfaction at every level of our operations.”

Scott Tidd, Executive Director of NBACBDC, expressed his enthusiasm for the program: "We are thrilled to launch this initiative, which addresses a critical need for our SMEs. Cybersecurity and AI are pivotal in today's business environment, and through this program, we aim to provide our local businesses with the resources and support they need to thrive securely and efficiently."

The Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA), is providing a $2 million non-repayable contribution to support the roll-out of the initiative.

“By strategically investing in AI and cybersecurity, our government is taking steps to help New Brunswick businesses capitalize on their potential, while solving some of today’s biggest challenges,” said Serge Cormier, Member of Parliament for Acadie – Bathurst. “We are committed to continue working with partners like the CBDCs to grow the economy by supporting projects that help create jobs, improve our competitiveness, and enhance the lives of all Canadians.”

About New Brunswick CBDCs

The 10 CBDCs in New Brunswick are part of a vast network of independent not-for-profit businesses that work in partnership with the different levels of government in order to meet the needs of small and medium-sized businesses. The CBDC offices, located in the province's rural communities, facilitate business development in their respective regions. Their actions help in the creation of new businesses as well as the expansion and modernization of existing businesses, by offering financing, management training and counselling.

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For more information:

Dominique Gagnon
Communications and Marketing Coordinator
New Brunswick Association of CBDCs
Dominique.gagnon@cbdc.ca

Danielle Phillips
Communications Manager
Atlantic Canada Opportunities Agency
Danielle.Phillips@acoa-apeca.gc.ca