CED — Regional Artificial Intelligence Initiative - QC - Canada

CED — Regional Artificial Intelligence Initiative

grant_single|update January 24, 2025
QC, Canada
Boost your business competitiveness by integrating AI technology through Canada's strategic program

grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDate October 31, 2024
  • grant_single|closingDate March 31, 2029
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
  • Agriculture, forestry, fishing and hunting
  • Manufacturing
  • Information and cultural industries
grant_single|grantors
  • Canada Economic Development for Quebec Regions (CED)
grant_single|status
grant_card_status|open

grant_single_labels|preview

The Regional Artificial Intelligence Initiative (RAII) in Canada, with a total budget of $200 million, aims to support the development and commercialization of AI technologies and accelerate the adoption of AI by SMEs. It offers interest-free repayable financial support up to 50% of authorized costs for SMEs and generally non-repayable support up to 90% for NPOs. Eligible activities include projects that demonstrate and commercialize AI technologies and those that integrate AI into SMEs, particularly in critical sectors.

grant_single_labels|terms_and_conditions

This grant offers tailored financial support for eligible projects, aiming to encourage the development and adoption of AI technologies among SMEs and NPOs. The financing modalities are designed to foster innovative growth and responsible AI practices.
  • Interest-free repayable financial support up to 50% of authorized costs for SMEs.
  • Generally non-repayable financial support up to 90% of authorized costs for NPOs.
  • Costs are eligible from the date the application is submitted.

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile and their involvement with AI technologies.
  • The applicant must be an SME that commercializes or develops AI technologies or solutions, including start-ups.
  • The applicant must be an SME that is ready to adopt AI technologies or solutions.
  • The applicant can be a non-profit organization (NPO) that supports SMEs in developing, commercializing, or adopting AI technologies.
  • The applicant can be an Indigenous-led business or NPO, including individual businesses.

grant_eligibility_criteria|who_can_apply

Eligible applicants for the Regional Artificial Intelligence Initiative (RAII) include SMEs that are involved in the commercialization or development of AI technologies or solutions, including start-ups, as well as SMEs that are prepared to adopt AI technologies or solutions. Additionally, non-profit organizations (NPOs) that support SMEs with the development, commercialization, or adoption of AI technologies, and Indigenous-led businesses and NPOs, including individual businesses, can apply for this grant.

grant_eligibility_criteria|who_cannot_apply

The Regional Artificial Intelligence Initiative (RAII) imposes restrictions to ensure that funds support eligible sectors and activities. Certain clients and business entities are explicitly ineligible for this grant.
  • Municipalities are not eligible for funding.
  • Public agencies, including health and social services agencies, schools, and school boards, cannot apply for this grant.

grant_eligibility_criteria|eligible_expenses

The grant covers eligible costs from the date the application is submitted. Eligible expenses for this grant include financial support for both SMEs and NPOs.
  • Interest-free repayable financial support up to 50% of authorized costs for SMEs
  • Generally non-repayable financial support up to 90% of authorized costs for NPOs

grant_eligibility_criteria|zone

This initiative is delivered by Canada’s regional development agencies, which may imply regional eligibility criteria. However, there is no explicit information about the eligible geographical areas for companies applying for this grant in the given context.

grant_single_labels|criteria

The Regional Artificial Intelligence Initiative (RAII) focuses on supporting transformative AI projects, prioritizing projects with significant economic impact and potential for technological innovation in critical sectors. The initiative aims to maximize benefits for SMEs and the AI ecosystem by emphasizing strategic integration, commercialization, and responsible development of AI technologies.
  • Projects must contribute to either the development and commercialization of AI or the accelerated adoption and integration of AI by SMEs.
  • Priority is given to projects submitted by SMEs.
  • Priority is also given to projects adapting technologies that demonstrate potential benefits for multiple businesses.
  • Preference for projects that support technology adaptation contributing to technological know-how and innovation development in Canada.
  • Projects should include the implementation of cybersecurity measures.
  • Projects that encourage the transition to environmentally sustainable practices are prioritized.

grant_single_labels|apply

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grant_single_labels|otherInfo

This grant aims to foster AI technology development and adoption among eligible Canadian SMEs and NPOs by providing financial support for innovative projects. The Regional Artificial Intelligence Initiative, with a notable budget, emphasizes responsible AI to align with human rights and promote inclusive growth.
  • The initiative ends on March 31, 2029.
  • Projects with a technology readiness level of 6 or higher are eligible for funding.
  • Contact details are provided for further information and project submission.

Apply to this program

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