Feds back GTA AI projects with CAD $16.5M investment
Mon, 25th May 2026 (Today)
FedDev Ontario has awarded nearly CAD $16.5 million to 13 businesses and organisations across the Greater Toronto Area for artificial intelligence projects. Minister of Artificial Intelligence and Digital Innovation Evan Solomon announced the funding on Monday.
The money will support both the adoption of AI tools and the commercial launch of new AI products. Recipients span healthcare, legal technology, energy management, construction, manufacturing and financial data.
The largest allocation went to Vector Institute, which received CAD $4 million to launch and deliver a program on data readiness, model development and deployment for startups. The initiative aims to help younger companies improve data, build models and deploy AI products.
Among private-sector recipients, Toronto-based Private AI, operating as Limina, secured CAD $2 million to scale a platform for handling sensitive data in regulated sectors such as healthcare, financial services, and insurance. Cosm Medical received just under CAD $2 million to support the clinical and commercial rollout of its system for designing and manufacturing patient-specific gynaecological devices.
ProteinQure was awarded CAD $1.8 million to bring an AI-based targeted drug delivery product to market. DMD Building Systems received CAD $1.7 million to introduce advanced equipment, robotics and automation, and to develop software that extracts structured data from non-standard engineering formats.
Fiscal.ai received about CAD $1.52 million to build a platform that converts unstructured corporate filings into structured financial data. The project is aimed at investors and analysts seeking faster access to company information.
Trax received CAD $394,000 to develop a digital platform for building permit approvals using AI-assisted compliance checks against codes and regulations. Edgecom Energy was awarded CAD $575,000 for its AI Energy Co-Pilot platform, while Future Fertility secured CAD $555,239 for technology intended to improve assessment of endometrial receptivity.
Oakville-based MarkiTech received CAD $500,000 to advance its healthcare software, CliniScripts, through automated clinical workflows and operational processes. Naryant, also based in Oakville, was awarded CAD $536,403 to modernise fleet management systems for transport operators.
MinuteBox, which provides entity management and registry services for legal teams, received CAD $700,000 to add AI tools to its software platform. VisFuture secured CAD $200,000 to build a natural-language AI system designed to help small and medium-sized businesses access real-time data across sales, inventory and finance.
Healthcare featured prominently. Alongside Cosm Medical, Future Fertility, MarkiTech and ProteinQure, the awards covered businesses working on personalised treatment, fertility assessment, digital clinical processes and drug development.
Construction and industrial uses also accounted for a significant share. DMD Building Systems and Trax are applying AI to bottlenecks in engineering and building approvals, while Naryant's work focuses on fleet operations and transport safety.
For the Greater Toronto Area, the awards underscore the concentration of AI-related businesses in the region and the role that public funding plays in supporting commercial development. The 13 recipients range from startups founded within the past decade to more established software and manufacturing groups operating in specialised markets.