PacifiCan — Regional Economic Growth through Innovation — Regional Artificial Intelligence Initiative (RAII) — For profit
Government of Canada, Pacific Economic Development Canada
Overview
Eligible companies could receive up to $3 million per project over three years, covering up to 50% of the costs to bring new AI technologies to market and accelerate the adoption of AI to improve human health, environmental health, and/or economic resilience and productivity across various sectors.
At a glance
| Categories | grant |
|---|---|
| Funding | $500,000 – $3,000,000 (up to 50% of eligible costs) |
| Status | Not accepting applications |
| Closing date | 2025-01-17 |
| Region | BC |
| Sectors | technology |
Eligibility and requirements
Money Minimum: $500,000 Maximum: $3 million Repayable Funding limits Lifetime maximum of $10 million per recipient Repayment terms: begins 1 year after project completion repaid in monthly installments over 5 years no collateral required or penalty for early repayment You Have operated as an incorporated business in B.C. for at least 1 year Operate staffed facilities in B.C. Employ between 3 and 500 full time equivalent employees Your Project Has a minimum technology readiness level 7 or adopting AI based solutions Will help develop the AI ecosystem in B.C., particularly those that bring AI commercialization activities together with AI adoption activities
How Mona Studio helps business owners use this program
PacifiCan — Regional Economic Growth through Innovation — Regional Artificial Intelligence Initiative (RAII) — For profit is one of many Canadian funding options listed in our grant finder. Mona Studio helps technology teams translate program requirements into a practical workflow or AI adoption scope for leadership review, grant writers, and lenders. We summarize eligibility and funding here for discovery — confirm all details on the official program website before applying.
Similar funding opportunities
- Innovate BC — Ignite Program — Innovate BC
- Northern Industries Innovation Fund — Northern Development Initiative Trust
- PacifiCan — Regional Economic Growth through Innovation — Business Scale-Up and Productivity — Government of Canada, Pacific Economic Development Canada
- PacifiCan — Regional Economic Growth through Innovation — Regional Artificial Intelligence Initiative (RAII) — Not for profit — Government of Canada, Pacific Economic Development Canada
- PacifiCan — Regional Economic Growth through Innovation — Regional Homebuilding Innovation Initiative (RHII) — Government of Canada, Pacific Economic Development Canada