Through FedDev Ontario’s Regional Artificial Intelligence Initiative (RAII) program, businesses located in Ontario can receive funding for artificial intelligence projects that can optimize their business’ products, technologies, systems, and processes.
Funding available is via a fully repayable, interest-free loan of up to $2.5 million or up to $5 million for support of up to 50% of eligible project costs, depending on pillar stream.
For both pillar streams of the RAII program, eligible applicant criteria includes:
Small- and medium-sized enterprises, including eligible start-ups
– Contributions will most likely be repayable
Not-for-profit organizations
– Contributions will most likely be non-repayable
Businesses that are incorporated in Canada or Ontario
Focused on bringing to market new and innovative AI/AI-driven solutions (TRL 6 and above).
Increase the capacity of developers of AI/AI-driven solutions to grow through market expansion.
Acquiring and integrating AI solutions.
Improving governance and adopting best management practices.
Upgrading equipment, improving digital infrastructure, re-engineering processes
Accessing AI expertise.
Building capacity and training (not duplicative of other government support programs).
Strengthening cybersecurity measures.
Establishing guidelines/frameworks/committees to ensure the responsible use of AI.
Speak with a member of our team to find the latest intake period info for this program.
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