Canada Backs New AI Business Catalyst Program

Federal Economic Development Agency for Southern Ontario

Toronto, Ontario

To ensure Canada remains a global leader in innovation, the Government of Canada is making strategic investments in businesses, organizations, entrepreneurs and leaders that are accelerating AI adoption and spurring economic growth.

Today, the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with Chi Nguyen, Member of Parliament for Spadina-Harbourfront, announced an investment of $2.4 million for the Toronto Region Board of Trade to launch its new AI Business Catalyst (AIBC) program.

The Toronto Region Board of Trade connects businesses to programs, partners, and talent to help them succeed. Through this program, 75 businesses and 460 participants across a variety of industries will have access to the tools they need to adopt AI solutions. These new technologies will enhance productivity, drive innovation and help businesses compete globally.

Through strategic investments to support responsible AI adoption, Canada is strengthening its AI ecosystem and enhancing productivity across the country.

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.