Canada: An Innovative Leader in AI

Invest in Canada is Canada’s global investment attraction and promotion agency, helping global companies unlock investment opportunities in Canada.

November 1, 2022

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AI is a rapidly developing field that will impact businesses, industries, and societies worldwide. Canada continues to leverage its current AI strengths while fostering the best conditions for companies to scale up quickly.

In 2021, the Government of Canada earmarked up to $443.8 million over 10 years to advance research and innovation in the AI field, develop a skilled talent pool, and enhance thought leadership. The strategy, managed by international research organization Canadian Institute for Advanced Research (CIFAR), has been instrumental in making Canada a first mover and one of the leading global players in the AI space.

Canada also supports AI through the Scale AI global innovation cluster, which aims to aims to accelerate the integration of AI across all industries to reshape business models. Scale AI comprises home-grown and international companies in Canada. Partners with Scale AI are recognized for their tech innovation, competitiveness, and market potential.

Canada is playing a pioneering role in setting up the responsible use of artificial intelligence. The Université de Montréal worked closely with Fonds de recherche du Québec to recently unveil the Montréal Declaration for Responsible Development of Artificial Intelligence. This collection of ethical standards for artificial intelligence development is the result of almost a year of study and consultations with individuals, experts, public policymakers, industry players and civil society organizations.

Expanding your technology company to Canada? Please visit Invest in Canada, and join us at the AI Summit Austin, November 2-3, 2022.

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