Canadian healthcare-technology companies have recently received $25.8 million for artificial intelligence (AI) related projects from the federally funded, Vancouver-based lender previously known as Digital Technology Supercluster.
Now rebranded as DIGITAL Canada’s Global Innovation Cluster, the organization has been dribbling out money through co-investments with Canadian technology companies. Since 2018, it has doled out more than $200 million to companies it deems merit funding.
The announcements come as the federal government has upped its commitment to make Canada a global hot spot for AI. In April, Prime Minister Justin Trudeau announced a $2.4 billion package of measures in advance of his government’s Budget 2024 to secure what he called Canada’s AI advantage.
Two of DIGITAL’s recent investments involve Vancouver-based companies.
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