AXL, a new Canadian venture studio, has launched with a $15 million CAD fund to build 50 AI startups over five years, addressing Canada’s innovation-to-commercialization gap. Co-founded by Daniel Wigdor—former Meta Toronto leader and Chatham Labs founder—AXL aims to retain Canadian talent and IP.
Supported by notable investors and academic leaders, AXL’s model links University of Toronto research with corporate partners like Dillon Consulting. The studio handles prototyping to go-to-market operations, aligning AI breakthroughs with industry needs. Wigdor envisions Canada as a global AI leader, where ideas scale at home, not abroad.
Want to know more? Check out the source code on BusinessWire.