The Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced that businesses and not-for-profit organizations in British Columbia will be able to apply for funding from the new Regional Artificial Intelligence Initiative (RAII) starting November 18, 2024.
In British Columbia, PacifiCan will deliver the RAII with $32.2 million in funding to support investments that help businesses commercialize and adopt AI technologies.
“Amazing things are happening in AI in British Columbia. Cutting-edge companies across our province are developing and adopting AI technologies to increase productivity, drive innovation and attract investment. AI has the potential to transform industries in all regions and sectors of our country,” commented Honourable Sajjan. “The Government of Canada is committed to leadership in AI to ensure B.C. businesses have the resources they need to integrate this transformative technology and harness its benefits right now and for the future."
Artificial Intelligence (AI) is a transformational opportunity for British Columbians. With a strong AI ecosystem–one that includes researchers developing technology, companies creating AI-based solutions to the world's challenges, and adopters putting the power of AI to work in their operations–British Columbian businesses are well-positioned to leverage the power of AI to drive innovation across the province, creating jobs and economic growth.
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