What Can the ISED Artificial Intelligence Program Fund?
The ISED Artificial Intelligence program is designed to support the development and testing of innovative AI prototypes that address the needs of the Canadian government. By providing funding for projects that engage with emerging AI technologies, this program plays a crucial role in fostering innovation within Canada's tech landscape. For more detailed information on eligibility and application processes, refer to the complete program guide.
Overview of the ISED Artificial Intelligence Program
The ISED AI program, sponsored by Innovation Solutions Canada, offers funding through contracts to procure and test late-stage pre-commercial AI prototypes. These prototypes are expected to solve specific challenges identified by the Government of Canada, enhancing efficiency and decision-making capabilities. The program includes both a Standard Component with funding up to $1.1 million CAD and a Military Component offering up to $2.3 million CAD for eligible projects.
Funding Amounts and Rates
Funding provided by the ISED AI program is substantial, reflecting the complexity and potential impact of the projects supported. The funding covers a significant portion of project costs, which can include salaries, equipment, and consulting fees. For precise funding calculations and the latest rates, consult the complete program guide.
Eligible Expenses
Salaries and Wages
Funding can cover the salaries of key personnel involved in the development and testing of AI prototypes. This includes project managers, engineers, and data scientists whose expertise is crucial for successful project execution.
Equipment and Materials
Eligible projects may also receive funding for equipment and materials necessary for prototype creation and testing. This includes hardware like servers and specialized software that supports AI development.
Consulting and Professional Services
To supplement in-house capabilities, businesses can use funding to hire external consultants and experts. This might include AI specialists or legal advisors who ensure compliance with government standards.
Development and Testing
Expenses related to the actual development and testing phases, such as renting facilities or purchasing testing tools, are also covered. This ensures that prototypes can be thoroughly evaluated in real-world settings.
Ineligible Expenses
While the program is comprehensive, certain expenses are not covered. These typically include administrative overheads not directly tied to project execution, marketing costs, and any expenses incurred before funding approval. For a detailed list of ineligible expenses, refer to the complete program guide.
Expense Documentation Requirements
Applicants must provide thorough documentation to substantiate all claimed expenses. This includes keeping detailed records of invoices, receipts, and contracts. Proper documentation is crucial for audit purposes and to ensure compliance with program guidelines.
Conclusion
The ISED Artificial Intelligence program offers a robust opportunity for businesses to innovate and contribute to government needs through AI. By understanding the eligible expenses and preparing the necessary documentation, applicants can maximize their funding potential. For complete details on all funding aspects, always refer to the complete program guide.
