Businesses can now apply to Regional Artificial Intelligence Initiative in the Prairie provinces
Government of Canada invests $200 million to help businesses adopt AI and bring new technologies and solutions to market
October 22, 2024 – Edmonton, Alberta – PrairiesCan
Artificial Intelligence (AI) represents a transformational opportunity for Canadian businesses. To ensure that Canada stays at the forefront of innovation, the Government of Canada is making strategic investments that will help drive AI adoption across the country. This includes $200 million over five years for Canada’s regional development agencies, including PrairiesCan, to deliver the Regional Artificial Intelligence Initiative (RAII) to help businesses bring new AI technologies to market and speed up AI adoption in sectors across the country.
Today, the Honourable Dan Vandal, Minister responsible for PrairiesCan, announced that businesses and organizations can now apply for the new initiative in the Prairie provinces.
The funding will support eligible businesses to take their AI projects and technologies from the lab to the marketplace. Funding is also available to not for profits organizations supporting businesses to develop, demonstrate and commercialize their AI applications and solutions.
Applications are being accepted until December 31, 2028. For more information on eligibility criteria and eligible costs, or to apply to the Regional Artificial Intelligence Initiative, visit the PrairiesCan web page.