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BDC Launches $500M Loan Program to Help Small Businesses Adopt AI
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This program is aimed at any SME with at least $1 million in revenue annually. The post BDC: $500M program to promote the adoption of the AI for SMEs appeared first on Business.
·Montreal, Canada
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BDC’s new $500-million loan program will help smaller businesses adopt AI
The Business Development Bank of Canada (BDC) has opened a new loan program to help 1,000 small and medium-sized enterprises (SMEs) adopt AI. Launched on Friday morning, the $500-million LIFT initiative (which stands for “Lead with Innovation and Focus on Technology”) connects SMEs with consultants who will help them figure out where AI can best be integrated into their businesses, then provides a loan to get it done. “The program includes th…
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