AI and tech businesses in Greater Toronto and Hamilton Area receive Government of Canada investments to scale, bring new products to market
Backgrounder
March 4, 2025
Today, the Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for southern Ontario, and the Honourable Rechie Valdez, Minister of Small Business and Member of Parliament for Mississauga–Streetsville, announced a combined investment of over $25 million to support 18 Greater Toronto and Hamilton Area artificial intelligence (AI) and tech businesses to scale up and commercialize new products and services .
| Recipient Name | Project | Fundingamount |
|---|---|---|
The Toronto company will accelerate the commercialization of its generative AI software for the life sciences sector. |
$3,000,000 |
|
The Toronto company will accelerate the commercialization of its phone-based generative AI customer assistance platform. |
$1,750,000 |
|
The Toronto company will expand its operational capabilities for its AirSENCE air quality, micro-monitoring systems for various markets. |
$3,221,970 |
|
The Toronto company will expand the usability of its AI platform; a patented system providing automated marketing, branding and business analytics. |
$2,400,000 |
|
The Toronto company will expand its AI tax research technology platform to support market growth. |
$2,000,000 |
|
The company will enhance its dock security, software platform and scale its operations. |
$750,000 |
|
The Toronto company will develop high-precision mapping data for critical applications around the world. |
$2,600,000 |
|
The Paris company will enhance its capabilities of its cloud-based software for data management, to support market growth. |
$800,000 |
|
The Toronto company will commercialize its force-torque sensors to enhance surgical and logistics robotic capabilities and scale its operations. |
$1,543,500 |
|
The Mississauga company will develop and commercialize advanced fleet management technologies. |
$2,700,000 |
|
The Toronto company will accelerate the commercialization and scale-up its Designed Experiential Intelligence platform, a patented human-trained conversational AI tool that allows virtual agents to deliver trusted information. |
$1,250,000 |
|
The Toronto company launched a comprehensive banking services platform for Canadian businesses seeking integrated financial services. |
$750,000 |
|
The Toronto company will accelerate the commercialization of its AI lip-dubbing platform. |
$1,000,000 |
|
The Toronto company will accelerate growth by integrating AI and machine learning into its English as a second language digital interactive software content globally. |
$800,000 |
|
The North York company will leverage AI to assist with automating the insurance underwriting process. |
$800,000 |
|
The Hamilton company will accelerate the commercialization of its autonomous drone technology and market strategies. |
$1,000,000 |
|
The Markham company will accelerate the commercialization of its telehealth application that leverages speech translation and AI to save physicians time. |
$350,000 |
|
The Toronto company will commercialize AI-driven custom voice assistants and AI-powered chatbots on its VertaLABS.AI platform to help clients support customer engagement. |
$200,000 |
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News Release: Government of Canada investments support AI and tech businesses in Greater Toronto and Hamilton Area
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