FAST Program
With a consortium of stakeholders, Circle Innovation is building the FAST initiative for AI productization and commercialization for economic and social impact
No launch date set
Our Impact Goals
Funded to $10M
over 3 years
36
AI-enable products and services launched into market
40
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40
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250
New jobs created for HQP and non-HQP workers
750
Upskilled trainees with experience within an industry project
40
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40
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$20M
New revenues generated within 12 months after product launch
AI Adoption
Achieving Applied Intelligence
“Nearly half (47%) of Canadian businesses said they lack the in-house expertise to validate and verify the accuracy of their AI algorithms, and more than four in 10 (44%) said their data sets are either too small or too big, are missing data, are incorrect or not properly formatted.” KPMG Canada Tech Survey, Sep 2023
“While Canada has been relatively effective at getting large firms on board with AI technologies, small firms have been left behind.” – Dais Report, Sep 2023
- Lack of business strategy for AI/data
- Lack of insight into key AI skills, tool, solutions
- Lack of access to key talent, skills
-
Poor quality, insufficient quantity of data
“6.1% of all businesses have made use of AI in producing goods and delivering services over the last 12 months.” StatsCan 2024
FAST Program
Breaking down barriers to adoption for tech SMEs ready to leverage their data and AI
Breaking silos
Connecting tech SMEs to service providers, experts and researchers, regulatory consulting, key skills, compute in the ecosystem – fast!
Identifying and overcoming barriers
Collaborating with SMEs to identify their key barriers to successful AI adoption with support from stakeholders
Resourcing and co-funding projects
Bringing key resources, including co-funding, to SME projects that will deliver products to the market.
Moving at the Speed of Business
Adapting projects flexibly and agilely to meet the needs of the moment and overcome arising technology business challenges
Delivering FAST!
Enabling SMEs in short (6-12 month) project sprints to get work done and products launched
Case Studies
Circle applied its SWAT approach to AI-enabled products and AI adoption
A Tuktu Care Case Study
Tuktu Care developed a mobile app that matches aging adults needing home-based care with local helpers in their own neighborhood.
A Claris Healthcare Case Study
Claris Healthcare has developed a proven platform to deliver extended care directly into the homes of aging patients, addressing remote patient monitoring and social isolation.
An AltumView Case Study
AltumView created a privacy-preserving smart activity sensor that employs AI technology to monitor the whereabouts of individuals within their homes.
SWAT Methodology
The SWAT approach in three easy pieces – collaboration, project co-design, and upskilling
Partners / Funders
Circle works closely with its funders and partners
Let us know
Interested in the FAST program for your company?
Can your organization help drive AI adoptions?
More on SWAT
Can your organization learn more about the SWAT methodology for your companies?
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