The Government of Canada announced an additional $500 million over five years for the Regional Artificial Intelligence Initiative. With this investment, total federal support for the initiative reaches $700 million.
The initiative is delivered by Canada's regional development agencies, including FedDev Ontario in southern Ontario. It helps businesses and organizations adopt AI tools and bring AI products to market, with the goal of raising productivity and competitiveness across the country.
Why it matters for our community:
- Small and medium businesses can look for regional support to start using AI in their work.
- Founders building AI products have a new path to commercialize them in Canada.
- It is a good moment to turn an idea into a real project with a clear plan.