Volta IA
NS, Canada
Helping artificial intelligence supply chain companies scale
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|closingDateMarch 01, 2023
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Professional, scientific and technical services
grant_single|grantors
- Volta
- Scale AI Cluster
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Volta AI program offers up to $14,000 in funding to support Canadian companies focused on applied AI and intelligent supply chain products or services. The program aims to accelerate the early growth of AI ventures by providing resources, expert support, and access to investors.
grant_single_labels|projects
This grant is open to companies that are incorporated, based, and operating in Canada. It supports ventures that contribute to the growth of Canada's AI ecosystem, specifically within the AI and intelligent supply chain sectors.
- Companies must be based in Canada to qualify.
- Must be operating within Canadian territories.
grant_single|admissibleProjectsExample
$25,000
Create a digital marketing campaign for a local art gallery in Winnipeg, Manitoba.
$40,000
Develop a mental health support program for remote workers in Ottawa, Ontario.
$60,000
Upgrade the technology infrastructure of a small law firm in Montreal, Quebec.
$70,000
Launch a sustainable packaging initiative for a local food cooperative in Victoria, British Columbia.
$120,000
Renovate the community center to improve accessibility and safety in Halifax, Nova Scotia.
grant_single_labels|admissibility
Eligible companies for the Volta AI program must meet the following criteria:
- Incorporated, based, and operating in Canada.
- Focused on applied AI and intelligent supply chain products and/or services.
- A venture that demonstrates evidence of customer interest and traction.
- Accepted by the Scale AI validation Committee.
- The company must also meet at least one of the following requirements: less than two years old, employing fewer than 500 globally (including affiliates), or having an average annualized revenue growth rate of greater than 20 per cent over the past three years.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Volta AI program include companies that are incorporated, based, and operating in Canada, focused on applied AI and intelligent supply chain products and/or services. Companies must demonstrate evidence of customer interest and traction and be accepted by the Scale AI validation Committee. Additionally, applicants need to meet at least one of the following:- Less than two years old- Employing fewer than 500 people globally, including affiliates- Having an average annualized revenue growth rate of greater than 20% over the past three years.
grant_eligibility_criteria|eligible_expenses
The Volta AI program is designed to accelerate the growth of AI ventures within the supply chain sector by providing essential funding, expert mentorship, and valuable resources. The activities eligible under this program aim to scale businesses by enhancing operational capabilities and expanding market reach.
- Access to funding up to $14,000 to support growth initiatives.
- Mentorship and guidance from AI industry experts.
- Networking opportunities with potential investors.
- Participation in orientation sessions and workshops to maximize program benefits.
- Engagement with the Scale AI Global Innovation Supercluster resources.
grant_eligibility_criteria|zone
Companies participating in the Volta AI program can use the funding for specific expenses to help grow their venture.
- Offerings and services aimed at venture growth.
grant_single_labels|criteria
Projects under the Volta AI program are evaluated based on their alignment with the program goals, demonstration of traction, and the potential impact on the intelligent supply chain sector.
- Innovation and Technology Advancement - 30 points: The project must demonstrate originality and the potential to advance technological frontiers within the AI and supply chain sectors.
- Market Traction - 25 points: Evidence of customer interest, existing partnerships, or beta testers that underscore the demand and market feasibility for the product or service.
- Scalability and Growth Potential - 20 points: Projects should have a clear strategy for scaling operations, including market expansion and increase in customer base.
- Team and Leadership - 15 points: The capabilities and experience of the team members should indicate a strong potential to execute the project.
- Social Impact and Ecosystem Contributions - 10 points: Projects are assessed on their ability to contribute to the broader ecosystem and their societal impact, including diversity and inclusion initiatives.
grant_single_labels|register
Here are the steps to apply for the Volta AI program:
- Step 1: Learn More
- Email the Senior Coordinator, Programming + Startup Services, Dan, with any questions about the program.
- Receive a response within two business days.
- Step 2: Submit Pre-screening Form
- Complete the pre-screening form to express your interest in the program.
- Wait for an invitation to apply if your company meets the eligibility criteria.
- Step 3: Submit Full Application
- After qualifying through the pre-screening, complete the full application form for the program.
- Step 4: Attend Orientation Session
- If selected, attend the orientation session organized by Volta.
- Work with Volta to utilize your allotment by March 1, 2023.
grant_single_labels|contact
services@voltaeffect.com
902-702-0194
Apply to this program
Empowering AI-Driven Supply Chain Innovations with Volta AI
The Volta AI program stands as a crucial facilitator for AI companies in the supply chain sector, offering financial support and resources necessary for growth. This initiative, delivered in partnership with Scale AI, enables businesses to scale effectively while fostering innovation within the Canadian tech ecosystem.
In-Depth Exploration of Volta AI's Framework and Benefits
The Volta AI program is tailored to meet the specific needs of AI-driven companies focusing on the supply chain industry. By delivering a partnership with Scale AI, a renowned AI Global Innovation Supercluster in Canada, the program provides a comprehensive package aimed at helping businesses navigate and accelerate through the complex growth stages typical in tech-related ventures. This program not only injects financial resources but also integrates them strategically with mentorship from seasoned experts and potential collaborations with investors, creating a nurtured environment conducive to innovation.
Aimed at perpetuating early-stage growth, the program acknowledges the multifaceted challenges of embarking on AI innovations within the supply chain domain. Companies selected for this program are primed to receive up to $14,000 at their disposal throughout the program lifecycle. This funding is pivotal for covering essential project costs or investing in necessary services that directly contribute to scaling operations. Such strategic financial involvement ensures that monetary barriers do not hinder promising advancements in AI technology.
An enriching aspect of the Volta AI program is the access afforded to a network of leaders and experts within the AI field. Participants can benefit tremendously from strategic advice, insights on market trends, and proven industry tactics that are vital in navigating through the ever-evolving tech landscape. This type of insider guidance is instrumental in aligning product development trajectories with market demands and refining business strategies to meet contemporary challenges.
Further enhancing the value of this program is its commitment to embedding startups within a robust AI-centric ecosystem. By integrating them into a vibrant community, Volta AI fosters collaborative endeavors among participating companies and industry veterans. This encourages peer learning and collective advancement, which are important factors in fostering growth in dynamic tech environments.
Ultimately, the Volta AI program is not merely about providing financial aid to AI ventures; it is about constructing a sustainable ecosystem where companies can thrive and contribute to the technological advancement of the supply chain sector. For entities eager to push boundaries and engage in forward-thinking projects, being part of Volta AI means gaining a stake in shaping the future of technology application in supply chains.
The strategic choice of focusing on applied AI and intelligent supply chain solutions resonates with current global trends towards digitizing and automating operational procedures for efficiency. This focus doesn't just heighten operational performance but also brings about substantial cost savings and risk mitigation in operations, an outcome highly desired by companies looking to transform their logistical functionalities.
By encouraging innovation in these areas, Volta AI supports Canada’s pioneering role in the global arena of supply chain management. Enterprises that are incorporated within Canada and meet the defined eligibility criteria, including demonstrating a solid customer interest traction, are generously poised to reap these benefits. Along these lines, program participants are expected to attend orientation sessions, fostering a coherent understanding of program expectations, thus maximizing the use of their allocated resources.
In conclusion, the Volta AI program represents a significant opportunity for companies armed with the ambition to leverage AI to elevate the supply chain space. By offering a multifaceted support system, it plays a crucial role in facilitating growth and innovation among startups, which in turn, advances Canada’s position as a global EE player in AI technology application within the supply chain industry.
