Regional Artificial Intelligence Initiative – Productization and Commercialization Pillar 1:
no fixed amount
Loan
Description:
Canada’s regional development agencies (RDAs) are delivering $200 million through the Regional Artificial Intelligence Initiative (RAII) to help bring new AI technologies to market and speed up AI adoption in sectors across the country. Through RAII, RDAs will support projects that help businesses and organizations turn ideas into real-world solutions for Canadians and compete globally.
Comments on Funding:
For small- and medium-sized enterprises, including eligible start-ups
contributions will normally be repayable
For not-for-profit organizations
contributions will normally be non-repayable
Applications are closed. Stay tuned for future intakes.
Eligibility:
Applicants must be:
1. Small- and medium-sized enterprises, including eligible start-ups
2. Not-for-profit organizations
Application Steps:
Applicants must:
1. Gather mandatory and supporting documents
2. Download the Application for Funding and Supplemental Form
3. Open using Adobe Acrobat Reader
4. Fill out using the Application Guide
5. Attach mandatory and supporting documents
6. Submit
Documentation Needed:
Applicants must submit:
1. Completed Regional Artificial Intelligence Initiative – Supplemental Form
2. Financial statements
3. Financial projections for the next 3 to 5 years
4. Articles of incorporation/amendments or similar documents
5. Biographies of key management and technical staff required to complete the project
6. A diagram of the company’s structure
7. A work plan or project schedule
8. Proof of previous support from a business accelerator, an incubator, etc.
Additional documents that may be required
a. Your company’s broader Intellectual Property (IP) strategy. Please note: if your project is approved, having, implementing, and maintaining an IP strategy is a condition of receiving funding under this initiative.
b. Logical and physical diagrams, device and/or apparatus drawings/photos, or other relevant documentation regarding your technology (if applicable to your project).
c. Supporting documents related to how your company and proposed project promotes diversity, equity, and inclusion for underrepresented groups in the economy (if applicable to your application).
d. You are encouraged to submit your cybersecurity strategy and any relevant certifications, if available.
e. Copies of letter of support or other documentation from partners, as already detailed in the Application for Funding.
Other Things to Note:
About the author
Maurice