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OngoingFederalLoans

FedNor - Regional Artificial Intelligence Initiative (RAII)

FedNor

Up to $700M

For-profits: normally repayable, eligible for reimbursement up to 50% of eligible capital costs and up to 75% for eligible non-capital costs; all government funding cannot exceed 50% of eligible capital costs and 75% of other eligible costs. Not-for-profits: normally non-repayable, up to 90% of eligible costs. An additional $500 million over five years is available through the expanded RAII, bringing total federal funding for the initiative to $700 million.

Helps Northern Ontario SMEs, not-for-profits, Indigenous organizations and municipalities commercialize and adopt AI. For-profits normally receive repayable contributions.

Open the official page ↗
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Worth a look

How to apply

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Who qualifies

Incorporated SMEs, incorporated not-for-profits, Indigenous communities and organizations, and municipalities commercializing or adopting AI; retail and service-based businesses excluded.

Small businessCorporationNon-profitIndigenousMunicipality

Good to know

  • Funding: No per-project maximum stated.

Evidence from the official page

  • status“all applications will be assessed as they are received.” source ↗
  • amount“an additional $500 million over five years is available through the expanded raii, bringing total federal funding for the initiative to $700 million.” source ↗
  • amount“eligible for reimbursement up to 50% of eligible capital costs and up to 75% for eligible non-capital costs” source ↗
  • amount“eligible for up to 90% of eligible costs” source ↗

Verified 2026-11-04 · Medium confidence. Always confirm on the official page before applying.