biotech / news / / The Kingston Whig-Standard
The province is giving a $5 million grant to a AI drug company expanding in Toronto.
Sanofi is expanding its Toronto AI Centre of Excellence by adding 50 jobs to the existing 150.
KEY POINTS
- Ontario is offering Sanofi a $5 million conditional grant via Invest Ontario despite record global AI investment.
- Sanofi’s Canadian executive clarified the grant was not the main factor in their decision to expand.
- Details of government undertakings with Sanofi are not public, raising transparency and accountability concerns.
- Ontario rejected a proposed bill requiring a government AI development and implementation plan last November.
COMPANIES
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