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AI Compute Access Fund │ Innovation, Science and Economic Development (ISED)

January 1, 1900

Value

$100,000 up to $5 million

Description

The AI Compute Access Fund offers financial support to help small and medium-sized businesses (SMEs) access the compute power they need to scale and commercialize innovative AI projects. Save money and stay competitive right here at home.

Eligible Applicants

his program may be for you if you meet all of the following criteria. To be eligible, you must:

  • Be a Canadian-registered for-profit company developing AI products or services.
    • Consortiums of organizations need to apply through one eligible corporation as the project lead applicant;
  • Have fewer than 500 full-time equivalent (FTE) employees;
  • Be revenue-generating and/or able to demonstrate investor interest through a minimum of Series A financing;
  • Have a research and development (R&D) team based in Canada and be willing to carry out project activities in Canada;
  • Develop AI products or services, and have a commercialization plan to demonstrate a clear path to market, including key milestones, target customers, competitive advantages, and strategies for scaling and sustaining the project; and
  • Have contracts, invoices, or other documentation for compute services either in place or in progress at the time of application.

Eligible Expenses

Your project can include compute costs ranging from $100,000 to $5 million over a period of up to three years. This does not have to represent the full value of the company’s compute costs but only those eligible costs that fall within the program range will be considered.

Successful applicants can receive financial support in one of three forms: non-repayable, conditionally repayable, or repayable. The type of funding offer you receive will be determined during the assessment phase and outlined in your Contribution Agreement.

  • Non-repayable funding may be offered if your project shows strong alignment with program goals, delivers significant benefits to Canada, and presents a manageable risk profile.
  • Repayable funding may apply if your proposal is strong but doesn’t demonstrate significant public benefits.
  • Conditionally repayable funding may allow for repayment to be waived if you meet specific milestones – such as achieving commercialization, making significant intellectual property registrations in Canada, or maintaining public benefits.

Deadline Date

The AI Compute Access Fund is currently closed and not accepting applications. The most recent call for proposals closed on July 31, 2025, at 11:59 PM ET. Review and assessment of applications are ongoing. There is no information available regarding future application rounds at this time. Please visit the official website for any updates and specific details.

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