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.

Activities funded

Examples of admissible projects:

$ 70,000

Launch a sustainable packaging initiative for a local food cooperative in Victoria, British Columbia.

$ 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.

$ 120,000

Renovate the community center to improve accessibility and safety in Halifax, Nova Scotia.

Eligibility

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.

Who is eligible?

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.

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.

Selection 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.

How to apply

Learn More

Email the Senior Coordinator, Programming + Startup Services, Dan, with any questions about the program.
Receive a response within two business days.

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.

Submit Full Application

After qualifying through the pre-screening, complete the full application form for the program.

Attend Orientation Session

If selected, attend the orientation session organized by Volta.
Work with Volta to utilize your allotment by March 1, 2023.

Contacts

services@voltaeffect.com

902-702-0194

NS, Canada

Apply to this program

Frequently Asked Questions about the Volta IA Program

Here are answers to the most common questions about the Volta IA. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.