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Calgary tech firms accomplice with the town to launch tasks for startups and synthetic intelligence – Calgary

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The Opportunity Calgary Investment Fund (OCIF) – part of Calgary Economic Development – announced on Wednesday funding for the newest pair of programs aimed at attracting investment and innovation to the city.

Harvest Builders, a local business helping people create technology startups, is receiving $ 4 million over three years.

Harvest plans to use the grant to help at least 290 Calgarians get technical projects off the ground and grow existing businesses.

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Chris Simair, CEO of Harvest and former CEO of SkipTheDishes, said the grant will allow the company to expand its current customer base.

“This investment will allow Harvest to expand our first pilot and work with founders to work together to build new businesses that will continue to fuel the funnel for new innovation and technology here in Calgary,” said Simair.

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AltaML, a Calgary-based artificial intelligence company, is to receive $ 3.25 million over the next three years to launch a data science internship program in Calgary.

Two hundred and forty people are expected to have experience solving real-world problems with AI.

Cory Janssen, the CEO of AltaML, said the grant could have long-term benefits for the existing industries in Calgary.

“Energy, agriculture and healthcare can all use AI,” said Janssen.

“So we hope that the biggest effect [is increasing the] Visibility between our traditional industries and the new, emerging ones [industries]. Diversification does not mean that we will turn our backs on oil and gas. That means we have to actually embrace it and use these new technologies in these rooms. “

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Mayor Naheed Nenshi, who sits on the OCIF board of directors, said the programs would help Calgary grow as a technology center.

“This investment will help expand the talent pipeline,” said Nenshi. “[It’s] necessary to meet the increased demand for artificial intelligence and machine learning professionals. “

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Companies that receive grants from the OCIF also have to put their own money into the projects.

To date, the fund has launched 11 projects with a total volume of $ 30 million.

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