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.
The objectives of the AI Compute Access Fund are to:
- Accelerate Canadian AI innovation and commercialization by supporting the costliest component in the AI innovation value chain – compute;
- Target support to Canadian AI SMEs engaging in research and development (R&D)/compute projects with a concrete pathway to commercialization; and
- Support use of a diverse range of external compute suppliers so companies can stay competitive in a rapidly changing industry.
The AI Compute Access Fund is currently accepting applications until July 31 at 11:59PM EST.
