Contribution: SIF Stream 2 - Growth
The Governing Council of the University of Toronto
$17,007,958.00
811949
FY 2018-19 · 2019-03-30
Summary
The funding will help Creative Destruction Lab (CDL) gain insight into the success of start-ups. The research project using artificial intelligence (AI) tools will facilitate CDL supporting business ventures that harness emerging technologies such as AI, clean tech, energy, health, smart cities and space and quantum technologies.
Program
SIF Stream 2 - Growth
Location
Toronto, Ontario, Canada
Recipient Type
Academia
Business Number
108162330
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2018-08-03 | 2018-19 | $25,000,000.00 |
| 1 | 2018-08-03 | 2018-19 | $17,007,958.00 |
| 2 | 2018-08-03 | 2018-19 | $17,007,958.00 |
| 3 | 2019-03-30 | 2018-19 | $17,007,958.00 |
As published
Additional Information
Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from the end of the work phase of the project (31/07/2023) to the current end date of the contract (31/07/2023). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.
Additional Information (French)
Veuillez noter que cette mise à jour comprend une modification visant à améliorer la normalisation des rapports entre les projets. La date de début initiale a été mise à jour pour refléter la date d’exécution exacte. La date de fin a été mise à jour, passant de la fin de la phase de travail du projet (31/07/2023) à la date de fin actuelle du contrat (01/01/2046). Ce n'est pas une extension. La date de fin reflète désormais la totalité de la durée de l’accord, y compris la phase des avantages et la période d’audit résiduelle.
Agreement End Date
2033-07-31
Agreement Number
811949
Agreement Start Date
2019-03-30
Agreement Title
811949
Agreement Title (French)
811949
Agreement Type
Contribution
Agreement Value
$17,007,958.00
Amendment Date
2026-03-31
Amendment Number
3
Description
The funding will help Creative Destruction Lab (CDL) gain insight into the success of start-ups. The research project using artificial intelligence (AI) tools will facilitate CDL supporting business ventures that harness emerging technologies such as AI, clean tech, energy, health, smart cities and space and quantum technologies.
Description (French)
Gràce à ces fonds, le Creative Destruction Lab (CDL) fera le point sur les facteurs de réussite des entreprises en démarrage. Dans son projet de recherche, le CDL se servira de l'intelligence artificielle pour appuyer des projets d'affaires axés sur les technologies émergentes (technologies propres; énergie; santé; villes intelligentes; technologies spatiales, de l'intelligence artificielle et quantiques).
Expected Results
This investment will result in increased technical capacity in Canada through the specialized streams that Creative Destruction Lab will operate, most notably a Quantum Machine Learning stream. The AI model has strong spillover potential, including applications in healthcare, finance, automotive and government. The AI project addresses shortcomings in start-up growth and financing in Canada and will ensure students and AI experts remain in Canada, in addition to attracting world-class AI experts from abroad.
Expected Results (French)
Cet investissement permettra d'accroître la capacité technique au Canada gràce aux flux spécialisés que Creative Destruction Lab exploitera, notamment un flux de Quantum Machine Learning. Les retombées du modèle d'IA sont importantes, notamment dans les domaines de la santé, de la finance, de l'automobile et de l'administration. Le projet d'IA vise à combler les lacunes en matière de croissance et de financement des entreprises en démarrages au Canada et garantira que les étudiants et les experts en IA restent au Canada, tout en attirant des experts en IA de renommée mondiale de l'étranger.
Federal Riding
University--Rosedale
Federal Riding (French)
University--Rosedale
Federal Riding Number
35110
NAICS Code
611310
Organization Code
ic
Organization
Innovation, Science and Economic Development Canada | Innovation, Sciences et Développement économique Canada
Program Name
SIF Stream 2 - Growth
Program Name (French)
FSI Volet 2 - Croissance
Program Purpose
Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.
Program Purpose (French)
Favoriser les activités de R-D qui accéléreront le transfert de la technologie et la commercialisation de produits, de processus et de services novateurs ; faciliter la croissance et l'expansion des entreprises au Canada ; attirer et conserver des investissements de grande envergure au Canada ; et-faire progresser la recherche industrielle, le développement et la démonstration de technologies grâce à la collaboration entre les universitaires, les organisations à but non lucratif et le secteur privé.
Recipient Business Number
108162330
Recipient City
Toronto
Recipient Country
CA
Recipient Legal Name
The Governing Council of the University of Toronto
Recipient Operating Name
The University of Toronto
Recipient Postal Code
M5S1A1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
033-2018-2019-Q4-811949