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University of Toronto professor launches venture studio to build 50 AI companies

TORONTO, CANADA, JUL 10 – Daniel Wigdor's Toronto-based venture studio aims to build 50 AI companies in five years to retain Canadian AI patents and talent, with $15 million in funding secured.

Summary by CP24
A Toronto university professor aims to make the city a global technology leader by launching 50 artificial intelligence (AI) companies to ensure Canada benefits economically from its own research while retaining talent at home.

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CP24 broke the news in Toronto, Canada on Thursday, July 10, 2025.
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