Funding list/Regional Artificial Intelligence Initiative (RAII) - Northern Ontario

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Regional Artificial Intelligence Initiative (RAII) - Northern Ontario

FedNor · The Regional Artificial Intelligence Initiative provides funding to help businesses and organizations in Northern Ontario adopt and integrate AI technologies t…

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Overview

The Regional Artificial Intelligence Initiative provides funding to help businesses and organizations in Northern Ontario adopt and integrate AI technologies to improve productivity and competitiveness, assist Canadian AI companies bring products to market, and strengthen supporting organizations and networks. Funding is available through three streams: AI Adoption, AI Commercialization, and AI Ecosystem support.

Eligibility

Incorporated small and medium-sized enterprisesIncorporated not-for-profit organizationsIndigenous (First Nation/Métis/Inuit) communities and organizationsMunicipalities and municipal organizationsProjects must benefit Northern Ontario and retail/service-based businesses are not eligible

Eligible projects

AI implementation, integration and readiness assessmentsAutomation and robotics adoption including predictive analytics and decision-support systemsData modernization and governance activities directly supporting AI adoptionSupply chain and process optimizationTechnology validation, pilot deployments and product refinement for AI commercializationCustomer acquisition and intellectual property exploitationCluster development and commercialization support services for AI ecosystemTraining, talent development and youth workforce integration in AI

Financing terms

For-profit organizations: normally repayable on terms determined during contribution agreement; eligible for reimbursement up to 50% of eligible costs; all government funding cannot exceed 50% of capital costs and 75% of other eligible costsNot-for-profit organizations: non-repayable; eligible for up to 90% of eligible costs; all government funding cannot exceed 100% of eligible costsActual contribution amount based on minimum required to carry out project

How to apply

1Check eligibilityConfirm you meet every criterion listed above before you start.

2Prepare the project packageProject description, budget with quotes, team, and recent financial statements.

3Apply on fednor.canada.caGovgrant members can draft the application with AI and export a formatted PDF.

4Respond to reviewer questionsMost programs come back with one round of questions within a few weeks of submission.

Additional information

Costs may be eligible retroactively for 12 months prior to application receipt, but no earlier than April 16, 2024Applicants must demonstrate sustainable business model with 2 years of operations, financial and managerial capacity, market demand, and viable project planCommercialization projects must be at Technology Readiness Level 7 or higherApplications assessed on rolling basis as received; completion of application does not guarantee approval

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