The Vector Institute will receive $27M from the Ontario government

June 28, 2023

News

Yesterday, the Ontario government announced the Vector Institute will receive up to $27 million for driving innovation, fostering AI talent, and propelling economic growth. This investment marks a major milestone for the Vector Institute as a recipient of Ontario’s Critical Technology Initiatives program, totalling $107 million.

Overall, this investment will help Vector to accelerate the safe adoption of AI, cultivate AI talent, strengthen global competitiveness for Ontario’s small and medium-sized enterprises, and make it easier for companies to develop cutting-edge AI applications. 

We are grateful to the Ontario government for their continued support and commitment to responsible innovation.

To learn more about this significant funding announcement, please refer to the official news release.

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