Office of the Premier August 25, 2026 FREDERICTON (GNB) – Investments and partnerships are intended to strengthen New Brunswick’s position as a strategic hub for Canada’s defence and cybersecurity sectors and lead to high-value economic opportunities. Premier Susan Holt joined representatives from the New Brunswick Innovation Foundation, Lastwall and industry partners today at the Cyber Centre in Fredericton to highlight Lastwall’s recently secured $16-million equity investment. “New Brunswick has the strategic advantages Canada needs as it strengthens its defence capabilities,” said Holt. “We are home to the military training ground at Canadian Forces Base Gagetown, we have access to two deepwater ports, growing expertise in cybersecurity and a strategic location on the Atlantic with connections to the Arctic. Lastwall’s growth is a strong example of how we can leverage these strategic advantages to attract investment, grow good-paying jobs and build world-class defence and cybersecurity capabilities right here in New Brunswick.” Lastwall, a cybersecurity company founded in Fredericton, secured a $16-million equity investment round led by the Business Development Bank of Canada’s StrongNorth Fund, with participation from the New Brunswick Innovation Foundation. The investment will support the company’s continued growth as it develops solutions for highly sensitive environments, including defence systems, government networks and critical infrastructure. The New Brunswick Innovation Foundation’s $1.5 million-investment represents its largest single investment and largest initial investment in a New Brunswick company. “Every startup that scales creates momentum for the next one,” said Jeff White, the foundation’s president and CEO. “Lastwall is building technology that solves critical challenges in defence and cybersecurity while attracting significant investment into New Brunswick. This is exactly the type of company we want to support. As founders build globally competitive businesses from here, they create jobs, attract capital and strengthen the province's long-term economic future.” Defence and cybersecurity have been identified