Regional Artificial Intelligence Initiative (RAII) in the Prairie Provinces - 4. How to apply
4. How to apply
Intake open
Applications will be accepted on a continuous basis until December 31, 2028, or until funding has been fully committed or otherwise announced here. Under Budget 2024, PrairiesCan received $33.8 million over 5 years to deliver the Regional Artificial Intelligence Initiative (RAII), beginning in 2024-25. Applicants are encouraged to submit expressions of interest as soon as possible for consideration under this initiative.
All projects must be completed by March 31, 2029.
The RAII program uses a 2-stage intake approach to which you may apply at any time:
- Expression of interest (EOI): This abbreviated online application form lets you describe the proposed project purpose, rationale, eligibility, activities and budget. We use it to determine if a project should advance to a full application.
- Full application: If your project is selected to advance to the second stage, we will invite you to provide more details about your project through our online portal.
We encourage you to contact us prior to submitting an EOI. A PrairiesCan officer would be happy to answer your questions.
How to submit an expression of interest
- Go through the RAII EOI help guide before submitting. We strongly recommend that you download or bookmark the guide now for reference while completing the EOI form.
- Prepare the following documents to submit along with your EOI:
- financial statements for the past 2 years, as well as interim financial statements for at least the last 6-month period
- other supporting information (such as business plan, pitch deck) detailing your organization, and details about the proposed project
- confirmation of other funding sources (such as bank statements, unused portion of lines of credit, official letters of intent, funding agreements, signed term sheets):
- funding provided by applicant:
- current bank statements detailing existing cash balances or the unused portion of lines of credit
- funding provided by third-party sources:
- official letters of confirmed/conditional funding
- funding agreements
- signed term sheets.
- funding provided by applicant:
Note that we will not accept the following as confirmed funding:
- forecasted revenues from future activities
- accounts receivables
- commitments to raise equity or to obtain future bank financing
- Scientific Research & Experimental Development (SR&ED) credit receivables
After submitting an expression of interest
EOIs with the strongest merit and alignment with program objectives, priority areas and significant economic benefit, will be invited to complete a full application and undergo detailed assessment. Within 30 days of the EOI submission, PrairiesCan will invite selected applicants to submit a full application for funding. If you have not been contacted, your project will not be considered further.
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