PacifiCan — Regional Economic Growth through Innovation — Regional Artificial Intelligence Initiative (RAII) — For profit

For B.C. businesses working at the cutting edge of artificial intelligence, scaling from proven technology to real-world impact often requires substantial capital. The PacifiCan Regional Economic Growth through Innovation – Regional Artificial Intelligence Initiative (RAII) is designed to help bridge that gap by supporting projects that bring AI solutions into the market or expand their use across key sectors. Delivered by Pacific Economic Development Canada, this initiative focuses on strengthening British Columbia’s AI ecosystem while driving measurable economic and societal benefits.

RAII is particularly relevant for incorporated, for-profit businesses that are already operating in B.C. and are ready to commercialize advanced AI technologies or apply them in ways that improve productivity, health outcomes, environmental performance, or economic resilience. Support is provided through repayable funding, typically ranging from roughly half a million dollars to several million per project, helping offset major development, scaling, and implementation costs. Projects are expected to be well advanced, with a clear path to market and the capacity to generate revenue growth and high-quality jobs. While the program also supports not-for-profit organizations that strengthen the AI ecosystem, its core focus remains on commercially driven innovation.

Intakes for RAII open periodically rather than on a continuous basis, and competition is strong. For B.C. businesses considering significant AI investments, reviewing the full program details can help determine whether this initiative aligns with your growth strategy and timing.