As artificial intelligence (AI) continues to shape our world, the Government of Canada seeks to harness AI’s opportunities, mitigate its risks and foster trust. With strategic government investments and support for responsible AI adoption, Canada will grow its AI ecosystem and enhance productivity across the country.
Today, the Government of Canada opened applications for the AI Compute Access Fund, a key initiative under the Canadian Sovereign AI Compute Strategy. This fund will provide up to $300 million for affordable access to compute power for small and medium-sized enterprises (SME) to develop made-in-Canada AI products and solutions.
A due diligence assessment of each project proposal will be conducted to evaluate:
- the organization’s capacity and experience to implement the project
- the project’s ability to achieve AI Compute Access Fund objectives
- the viability, impact and benefits of the project to Canada
Investing in AI is vital to building the strongest economy in the G7. The Government of Canada remains steadfast in supporting the nation’s AI ecosystem with strategic investments that will drive both economic growth and responsible technological advancement. With this commitment, the government is unlocking new opportunities for prosperity, resiliency and national security, while strengthening Canada’s leadership position in the global AI landscape.
The Canadian Sovereign AI Compute Strategy, including the Access Fund, will help:
- scale Canada’s AI industry
- increase productivity and drive AI adoption rates across the country
- make high-performance computing more accessible for small and medium-sized businesses
- foster groundbreaking, made-in-Canada AI solutions in sectors such as life sciences, energy and advanced manufacturing
With the AI Compute Access Fund and the broader $2 billion Canadian Sovereign AI Compute Strategy, the government is ensuring that Canadian innovators have the tools they need to compete, drive discoveries and create new jobs in a modern, tech-enabled economy.
