Ontario Supporting More Innovation in Growing Tech Sector

June 28, 2023

Critical technologies fuel innovation and drive growth in every sector. By supporting these projects, we’re helping more companies access the critical technologies they need to become more competitive, grow and create more good-paying jobs.

The OCI will receive up to $50 million through the province’s Critical Technology Initiatives program to launch new innovative programming that will help small and medium-sized Ontario businesses develop and adopt critical technologies.

The Vector Institute will receive up to $27 million to help more companies connect with Vector’s AI engineers, researchers and AI professionals to help accelerate the safe and responsible adoption of ethical AI.

Ontario has the second largest number of information and communications technology (ICT) establishments in North America and is home to over 400,000 ICT workers. Ontario’s technology sector is centred around the Toronto, Waterloo and Ottawa regions.

Learn more: https://news.ontario.ca/en/release/1003208/ontario-supporting-more-innovation-in-growing-tech-sector