Six Ottawa region businesses to scale up production of technologies and artificial intelligence

From: Federal Economic Development Agency for Southern Ontario

News release

Government of Canada supports growth of tech and AI sector in Ottawa

June 24, 2024 – Ottawa, Ontario                           

The Ottawa region is home to some of the best tech talent thanks to its diverse businesses and industry-leading research and development. Capitalizing on ideas, innovations, and hard work is an essential way to ensure Canadian businesses are at the forefront of the world’s advanced economies and continue to bring new critical solutions to market, especially in the growing AI sector.

Today, the Honourable Jenna Sudds, Minister of Families, Children and Social Development and Member of Parliament for Kanata–Carleton, along with Yasir Naqvi, Parliamentary Secretary to the Minister of Health and Member of Parliament for Ottawa Centre, visited Ranovus Inc., a tech company that develops advanced solutions to support next-generation AI within data centres and communication networks.  

Minister Sudds and MP Naqvi also met with five other leading Ottawa region tech and AI companies: Armstrong Monitoring Corp., Larus Technologies Corporation, ThinkRF Corp., TryCycle Data Systems Inc., and TutorOcean Inc. to learn about how they are scaling up to offer more innovative, digital solutions to Canadians and abroad. This includes growing the critical AI sector and addressing gaps in the educational, mental health, semi-conductor, business advisory, digital sensor and wireless industries for generations to come.

Additional information on federal support for these projects is included in the backgrounder.

Across Canada, people are developing innovative ideas that will grow their businesses and create good jobs. The Government of Canada is working to ensure we are setting businesses up for success and that Canada remains a leader in research and new technologies.

Quotes

“The six Ottawa companies highlighted today are leaders in the industry, supporting Canada’s place in growing the critical AI sector and helping to keep our place at the forefront of the world’s advanced economies. Together we are taking the necessary steps to enhance our digital solutions and create skilled jobs for Canadians.”
– The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario

“Ottawa is one of the largest tech hubs in Canada, largely due to our competitive and cutting-edge businesses. With today’s repayable investment in these six companies, we are capitalizing on our bright minds and skilled hands and improving the way Canadians and their families live, work and do business.”
– The Honourable Jenna Sudds, Minister of Families, Children and Social Development and Member of Parliament for Kanata–Carleton

“Ottawa and southern Ontario’s potential is immense, especially in the tech sector. Today, we are investing in the potential to develop more innovative solutions to support the well-being of Canadians.”
– Anita Vandenbeld, Parliamentary Secretary to the Minister of International Development and Member of Parliament for Ottawa West–Nepean; and Yasir Naqvi, Parliamentary Secretary to the Minister of Health and Member of Parliament for Ottawa Centre

Quick facts

  • The Ottawa region is home to 1,800 tech companies and more than 88,000 tech workers.

  • Manufacturer of gas detection sensors, woman-led Armstrong Monitoring Corporation (AMC) was established in Ottawa in 1981 and has developed hundreds of sensor-based products capable of detecting up to 100 gases. These sensors are used in mines, refineries, labs, pharmaceutical manufacturing, automotive industries and more.

  • Founded in 1995, Ottawa-based Larus Technologies Corporation uses artificial intelligence (AI) and machine learning (ML) applications to provide expert advice and solutions to retailers and businesses in areas such as e-commerce, complex supply chains and consumer brands.

  • Established in 2012, Ottawa-based Ranovus Inc. develops power-efficient and cost-effective semi-conductor technology, referred to as a chip or microchips, that helps support the changing needs of data in artificial intelligence and machine learning systems.

  • Founded in 2006, Ottawa-based ThinkRF, develops solutions for radio frequency (RF) signal processing, radio signal detection and RF hardware and software solutions that support customers that require safe and secure communications in the field.

  • Established in 2017, Ottawa-based TryCycle Data Systems is a digital health innovator of human-powered technology programs for clinical and at-risk populations, including veterans and Indigenous, to create tailored solutions addressing mental health, substance use, and more. TryCycle was recognized as the third Fastest Growing Company in Ottawa in 2024.

  • Founded in 2018, Kanata-based TutorOcean Inc. is an educational company that offers two complementary  Software-as-a-Service (SaaS) platforms, TutorOcean.com and QuadC.io, to support more than 50 post-secondary institutions to connect students with tutors, instructors, professors, coaches and advisors.

Associated links

Contacts

Edward Hutchinson
Press Secretary
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
Edward.Hutchinson@feddevontario.gc.ca

Media Relations
FedDev Ontario
fdo.mediarel-relmedias.fdo@feddevontario.gc.ca

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