Federal government commits $2.4 billion to AI compute, startups, and safety through Budget 2024
Liberals aim to help “maintain Canada’s competitive edge” in AI with new spending.
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“The stakes are high”: CCI report calls on feds, provinces to revamp approach to buying from Canadian tech companies
CCI argues public procurement improvements could help correct Canada’s “historic innovation underperformance.”
Feds, Québec commit $16 million to create an AI computing cluster at Université Laval
The funding follows recent calls to increase Canada’s AI computing power.
Ontario Budget 2024 tops up existing funds and innovation centres, allocates funding to healthtech procurement
Province hints that the OSC is developing new rules to support angel investors.
Initiatives from R-LABS, OCI call for a tech-first approach to solving Canada’s housing challenges
Ontario orgs commit to funding proptech, construction tech startups and projects.
Québec to invest nearly $42 million in new AgTech innovation centre
The centre will include laboratories, technological workshops, and a greenhouse complex.
Idealist Capital receives $50 million from Canada Growth Fund
Idealist is the first cleantech investor to receive backing from the $15-billion fund.
Clarius, Fintel Connect among seven Vancouver tech orgs receiving new PacifiCan funding
The regional development agency is doling out nearly $14 million.
NGen launches $100-million sustainable manufacturing challenge, calls for project proposals
The Sustainable Manufacturing Challenge is seeking projects that will support Canada’s net-zero goals.
SEC orders Delphia to pay $225,000 USD for “false and misleading” statements about use of AI
Toronto startup one of two companies accused by US securities regulator of “AI washing.”
Google Canada provides $2.7 million in research grants to major Canadian AI institutes CIFAR, Amii, CEIMIA
The funding is aimed at supporting research into sustainability and responsible AI development.
Saskatchewan government doubles cap of startup investor tax credit to $7 million
Program eligibility has also been expanded to include cleantech startups.
Alberta earmarks $55 million to build tech, science hub at the University of Calgary
The hub will include incubator space for researchers to collaborate with industry partners.
Intellectual Property Ontario finds permanent CEO in Dan Herman
Herman previously led ISED as executive director of innovation policy.
How to fix SR&ED
Can a decades-old, $4 billion tax credit program be modernized to solve Canada’s innovation woes?