Regional Artificial Intelligence Initiative (RAII)

Regional Artificial Intelligence Initiative (RAII) is sponsored by PacifiCan (for British Columbia). The Regional Artificial Intelligence Initiative funds projects that commercialize or adopt AI solutions and advance the AI ecosystem in British Columbia.

Regional Artificial Intelligence Initiative - Canada. ca Regional Artificial Intelligence Initiative in British Columbia Additional funding announced for the Regional Artificial Intelligence Initiative Canada's National Artificial Intelligence Strategy: AI for All includes a $500-million national investment to expand and enhance the Regional Artificial Intelligence Initiative. PacifiCan will continue to deliver RAII in British Columbia.

Check back soon for more information on how to apply.

Not currently accepting applications Businesses: $500,000 to $3M per project Not-for-profit organizations: $500,000 to $5M per project Businesses: repayable contributions Not-for-profit organizations: non-repayable contributions Incorporated businesses and not-for-profit organizations The Regional Artificial Intelligence Initiative (RAII) funds: businesses that are commercializing or adopting artificial intelligence (AI) solutions in B.

C. not-for-profit organizations that are supporting AI commercialization or adoption and ecosystem development in B. C.

Intake will focus on the following: Businesses with projects to support AI commercialization Not-for-profit organizations with projects that help develop the AI ecosystem in B. C. , particularly those that bring AI commercialization activities together with AI adoption activities Note that projects to support businesses that are adopting existing AI technologies may be considered on an exceptional basis.

The Initiative aims to support projects that: use AI to improve human health, environmental health, and/or economic resilience and productivity across various sectors , including those that support other sectors such as infrastructure, telecommunications and transportation commercialize AI technology by helping AI companies, including start-ups, bring new technologies to market adopt AI technology by accelerating AI use in key sectors advance the AI ecosystem in B.

C. by supporting local organizations that use AI generate strong economic results by growing revenue and creating high-quality jobs The strongest applications will be ones that demonstrate: significant and concrete benefits strong performance on the assessment criteria Applicants must clearly show how they will achieve these objectives. Funding recipients will be required to report on their progress.

Regional Artificial Intelligence Initiative will support AI innovation and adoption in British Columbia (PacifiCan news release) Securing Canada’s AI Advantage : Budget 2024 included $2. 4 billion in federal supports for AI