Durham College (DC) is pleased to announce that its Hub for Applied Research in Artificial Intelligence for Business Solutions (the AI Hub) received $210,000 in May from Ontario Centre of Excellence (OCE) for the College Voucher for Technology Adoption (CVTA) program.
Through the CVTA program, student teams guided by college faculty will act as consultants to local businesses, applying their skills and training to solve industry challenges related to innovation and technology adoption.
The funding awarded to DC will allow the college’s AI Hub to work with 21 small- and medium-sized enterprises (SMEs) who are facing barriers in the face of AI adoption, preparing them for pre- and post-AI development, including data collection and processing, algorithm selection, and the development of IT infrastructure, API or cloud computing servers. SMEs participating in the program will receive access to faculty and student expertise, collaborative workspace and valuable programs and resources.
“Very few companies have in place the foundational building blocks that enable them to develop an effective AI solution that can generate value at scale,” said Dr. Elaine Popp, vice president, Academic. “We are thrilled that this funding will allow us to further support local businesses as they implement AI capabilities into their business systems, all while giving our students more opportunities for experiential learning.”
The college currently has a roster of projects lined up as a result of this funding with 10 vouchers still available for businesses interested in initiating a project with the AI Hub.
“This funding is allowing 1COMMUNITY1 to connect with a diverse and passionate team of students that are eager to share their expertise, and who exhibit an honest and dedicated interest in fulfilling the success of our project,” said Kevin Craddock, chief technology officer, 1COMMUNITY1 – one of 11 current voucher recipients working with the AI Hub. “With this support, we have the opportunity to collaborate on innovative solutions that will help us leverage artificial intelligence to engage community through unique and accessible interactions.”
This is the second round of funding that the college has received from OCE for the CVTA program. The most recent funding of $100,000 allowed the AI Hub to develop technology-based solutions for 10 SMEs, including automation, online collaborative tools, and data visualization.