The Labour, Ideas, and Capital awards will be presented at the fourth annual Machine Learning and Market for Intelligence Conference, hosted by the Creative Destruction Lab (CDL).
Investment will help create up to 22,000 jobs and accelerate growth of science-based startups.
The two organizations are collaborating to launch a health-themed cohort at CDL-Toronto, expanding on a stream pioneered in 2017/18 at CDL-West.
Companies in CDL's Quantum Machine Learning Program will leverage Xanadu's Strawberry Fields - a machine learning toolbox for quantum computing, powered by TensorFlow.
This partnership is motivated by the Bank’s 2019–21 Medium-Term Plan, which focuses on better understanding the digital economy and the technological transformation of financial services and on strengthening innovation in its own operations as a central bank.
Colonel Chris Hadfield, the first Canadian to walk in space and former commander of the International Space Station, leads the program as a Founding Fellow.
CDL Fellow, Boris Wertz, explains why the launch of CDL-West will support founders looking to scale their companies.
