Ottawa – The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) works with businesses and organizations to support strong and inclusive economic growth throughout Canada’s most populous region.
Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario, announced that the fall intake is open for eligible small- and medium-sized businesses, and the organizations that support them, for projects that support business growth and artificial intelligence (AI).
FedDev Ontario is delivering the national Regional Artificial Intelligence Initiative (RAII) in southern Ontario. Support is available for projects that accelerate the development of the AI sector in the region and for businesses and organizations to adopt or integrate AI to improve operational efficiency, productivity and competitiveness.
Targeted regional support is available for projects that help businesses grow, innovate and diversify so they can launch new products, compete in a changing marketplace, or reach new customers. Not-for-profit and community economic development organizations can apply for funding to support businesses, grow economic networks and strengthen the economic resilience of our communities.
Applications for all initiatives are being accepted until December 20, 2024. For more information and to apply, visit the FedDev Ontario website. Indigenous businesses and organizations are encouraged to contact the Agency’s dedicated team at 1-877-553-5507 or visit Funding and support for Indigenous businesses and organizations.
“With this new funding, we are continuing to foster the right environment for our businesses and the organizations that support them, while also accelerating the growth of key sectors and bringing new innovative technologies to market, including in AI. Available programming will provide more opportunities for made-in-Canada solutions that will have impacts here at home and around the world.” – Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario