Government of Canada investments support AI and tech businesses in Greater Toronto and Hamilton Area
News release
Eighteen GTHA region businesses to scale up products and services to support growth
March 4, 2025 – Mississauga, Ontario
The Greater Toronto and Hamilton Area (GTHA) stands as a powerhouse for innovation, fueled by a strong ecosystem of tech talent, startups and industry leaders. This region drives advancements across sectors like artificial intelligence (AI), digital media and advanced manufacturing. By leveraging the GTHA’s thriving innovation culture, cutting-edge research and diverse workforce, businesses can stay globally competitive and bring groundbreaking technologies and solutions to the market faster than ever. These goals are aligned with the Pan-Canadian Artificial Intelligence Strategy, a plan that is bridging Canada's world-class talent and research capacity with programs to help improve the commercialization and adoption of Canadian AI innovations.
Today, the Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with the Honourable Rechie Valdez, Minister of Small Business and Member of Parliament for Mississauga–Streetsville, visited GoFleet, an innovative fleet management company that provides businesses with AI solutions to optimize and manage their vehicle fleets.
While there, Ministers Sahota and Valdez announced over $25 million for 18 growing AI and tech companies in the GTHA: ACTO Technologies Inc., Ada Support Inc., A.U.G. Signals, Bam Analytix, Blue J Legal Inc., DataDocks, Ecopia Tech Corporation, FactR Limited, ForceN Inc., GoFleet Corporation, Kama. ai., Loop Financial, MARZ VFX, Off2Class, Opifiny Corp., Skygauge Robotics, TCE Group and Verta Marketing Inc. This support will help these companies to scale up and commercialize new products. For information on the projects, refer to the backgrounder.
As part of this investment, GoFleet is receiving $2.7 million to develop and commercialize advanced fleet management technologies that will contribute to reduced CO2 emissions, while supporting the company’s growth.
Across Canada, entrepreneurs are driving business growth and creating good jobs. We are actively setting Canadian businesses up for success, ensuring they have the tools and resources needed to thrive in an ever-evolving market.
Quotes
“Artificial intelligence and technology are transforming our world, and our local businesses are leading the way in this rapidly growing ecosystem. Today’s announcement for the Greater Toronto and Hamilton Area builds on the strengths of our AI and tech industries, helping businesses develop the critical technologies of the future. Our government is dedicated to fostering innovation, ensuring that Canadian businesses remain at the forefront and lead the global development of tomorrow’s technologies.”
– The Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“The investments announced today in the Greater Toronto area and Hamilton’s AI and tech sectors are critical to shaping a strong economic future. The support for businesses not only positions our region as a global leader in technology and innovation, but also attracts top talent and ensures our communities thrive in the rapidly evolving digital economy.”
– The Honourable Minister Rechie Valdez, Minister of Small Business and Member of Parliament for Mississauga-Streetsville
“At GoFleet, we are committed to driving innovation that supports a cleaner, more sustainable future. This project will empower businesses with the technology to track and reduce their carbon footprint while improving fuel efficiency. With the support of FedDev Ontario, we are excited to take a significant step toward making fleet operations greener and more efficient.”
– Vishal Singh, Co-Founder and Chief Executive Officer, GoFleet
Quick facts
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The Greater Toronto and Hamilton Area is home to over 2,000 tech companies and employs more than 150,000 tech professionals, positioning it as one of Canada's largest and most dynamic tech ecosystems.
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Established in 2010, Mississauga-based GoFleet Corporation specializes in GPS fleet tracking and management solutions, providing businesses with technology to monitor and optimize their fleet vehicles.
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Since 2015, the Government of Canada, through FedDev Ontario, has invested over $1.25 billion in more than 1,550 projects in the Greater Toronto and Hamilton Area, estimated to support over 23,000 jobs.
Associated links
Contacts
Cindy Caturao
Press Secretary
Office of the Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario
Cindy.Caturao@feddevontario.gc.ca
FedDev Ontario
Media Relations
fdo.mediarel-relmedias.fdo@feddevontario.gc.ca
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