Regional Artificial Intelligence Initiative for Southern Ontario

BCG Technology News

Conversation about the Regional Artificial Intelligence Initiative (RAII) Overview for Non-Profits
The Regional Artificial Intelligence Initiative (RAII), a program offered by FedDev Ontario to support non-profit organizations in Southern Ontario. This initiative aims to accelerate the adoption of AI and promote economic growth through innovation.
Key themes:
Transformative AI Application: The program emphasizes projects that go beyond simple off-the-shelf AI implementation. The focus is on transformative adoption, strategic integration, process re-engineering and capacity building in key sectors.
"Projects must be primarily focused on the introduction or integration of AI or AI solutions to be eligible for funding under this pillar. This refers to projects that go beyond the simple purchase of commercial off-the-shelf AI tools."
Responsible AI development: Applicants must demonstrate their commitment to responsible AI development and use and adhere to principles such as cybersecurity, human oversight, data stewardship and fairness.
"Your AI or AI-driven solution must be consistent with the principles of responsible AI, including: - Cybersecurity: protecting data, intellectual property and AI systems from cyber threats. - Human oversight and accountability: regular monitoring and accountability for compliance with ethical, technical and legal standards."
Targeted sectors: The program prioritizes projects in specific sectors, including healthcare and life sciences, business solutions, manufacturing and mobility.
"Priority will be given to projects that focus on transformative AI adoption, strategic integration of AI, process transformation and capacity development in sectors such as:
- Healthcare and Life Sciences
- Enterprise solutions
- Manufacturing
- Mobility
Key facts:
- Eligibility: Not-for-profit organizations that support businesses in Southern Ontario.
- Non-profit organizations: Non-repayable contributions between $125,000 and $5 million per project.
- Complementary funding is encouraged.
- Project Timeframe: Projects must begin after December 20, 2024 and be completed by March 31, 2029.
- Application Period: Open from October 22, 2024 to December 20, 2024, 4:59 PM EST.
Project Evaluation Criteria:
Applications will be evaluated based on several criteria, including:

• Focus on transformative AI application
• Incrementality and innovation of the project
• Quality of the project plan and budget
• Alignment with the pillar's priorities
• Addressing critical business challenges
• Expected results and economic benefits
• Risk mitigation, especially in relation to responsible AI
• Compliance with laws and regulations
• Elements of a convincing proposal:
• Clear evidence of eligibility
• Comprehensive project plan detailing the introduction and integration of AI
• Focus on transformative AI solutions
• Alignment with at least one pillar priority
• Strong measures for responsible AI development and use
• Demonstrated understanding of AI regulations
• Clear plan for IP management
• Significant economic and social benefits
• Credible financial data and projections
• Clear support for business adoption of AI

The RAII Adoption Pillar provides a significant opportunity for nonprofit organizations to leverage AI for innovation and growth.

Disclaimer: The information provided in this podcast is for general informational purposes only and should not be relied upon as a substitute for consulting official sources or a government website to determine relevance and accuracy.