Government of Canada Adding $5M for Disruptive Tech Incubator
FedDev Ontario supports electronics hub in southern Ontario
Excerpts and salient points ~
+ This project will support companies that produce the foundational technology for high growth areas such as artificial intelligence (AI), machine learning, and quantum computing, which are playing a key role as we drive towards a more connected, digitally enhanced society.
“The Hardware Catalyst Initiative will enable tech companies to create transformational technologies that form the core of AI, quantum computing, virtual reality and beyond, powering the future of advanced medical devices, connected transportation and next generation communications in Canada and around the world,” says Melissa Chee, president & CEO, ventureLAB.
+ More than 40 businesses will gain access to cutting-edge equipment in an expanded facility focused on designing, prototyping and producing innovative new technologies.
+ This will increase the pool of talent and advance the growth of a regional semiconductor and hardware cluster connected to the Toronto-Waterloo Innovation Corridor.
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