Regional Artificial Intelligence Initiative in B.C. - How to apply

3. How to apply

Submit an Expression of Interest (EOI). If your EOI is successful, you will be asked to submit a full application

You can submit only one EOI per organization per year or intake and are limited to one funded project at a time. If your EOI is not successful, you can apply again in the next year or intake.

Expression of Interest

To submit an EOI:

1. review the eligibility requirements
2. contact PacifiCan for more information about the application process
3. create a user profile in our application portal (if you haven’t done so already)
4. receive an invitation from us to submit an EOI; your invitation will include a supplementary questionnaire that asks about your approach to broad benefits, data security, governance and responsible AI development
5. prepare your EOI including:
   • complete EOI form in the PacifiCan portal, including:
     • descriptions of your organization, its mandate, the project you are proposing, the expected economic benefits of the project, estimated project costs, and your organization’s management
   • financial statements for the past 2 years or for the life of the business if operational for less than 2 years
   • interim financial statements for the last 6 months
   • confirmation of funding from all sources
     • for businesses, non-government funding must be at least 50% of project costs
     • for not-for-profits, non-PacifiCan funding should be at least 50% of project costs
   • the completed supplementary questionnaire
   • for businesses:
     • a comprehensive business plan or pitch deck including a competitor analysis and evidence (such as a market assessment) of how your project addresses unmet market demand
     • financial forecasts for the duration of the project
6. submit your EOI through our application portal

EOIs that are entered into our application portal but not submitted will not be assessed.

Full application

If your EOI is successful, you will receive an invitation to complete a full application.

You will need to supply additional information about your project in your full application, including:

• your business plan (if not already submitted)
• a detailed project cost breakdown
• disclosure of pre-existing payments to third parties or executives

Applications that are entered into our application portal but not submitted will not be assessed.

Funding confirmation

Not-for-profit applications must include confirmation of non-PacifiCan funding in their application.

Incorporated businesses are strongly encouraged to include confirmation of non-PacifiCan funding in their application.

Confirmation of internal funding can include:

• current bank statements
• unused portions of a line of credit

Confirmation of funding from third-party sources can include:

• official funding letters
• funding agreements
• signed term sheets

We do not accept the following as confirmation of funding:

• Forecasted revenues
• Accounts receivables
• Commitments to future funding
• Scientific Research & Experimental Development (SR&ED) credit receivables