Montréal-based AI institute Mila has partnered with venture firm Inovia Capital to launch the Venture Scientist Fund, a $100-million USD early-stage initiative aimed at commercializing Canadian AI research. Announced at Mila headquarters, the fund will back promising research from Mila, Alberta’s Amii, and Toronto’s Vector Institute, supporting scientists at the earliest stages of startup formation.
Mila CEO Valérie Pisano said the effort aligns with federal priorities to accelerate AI commercialization under Prime Minister Mark Carney. Inovia will co-manage the fund, which formally began fundraising this week. Mila managing director Stéphane Marceau will oversee operations, supported by a team of experienced venture advisors.
Want to know more? Check out the source code on Betakit.