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On June 13th, 2024, the Lawrence National Centre for Policy & Management hosted the 2024 Symposium, titled Enhancing Canada’s AI Advantage in a Competitive and Uncertain World, at the Arcadian Loft in Toronto. The day-long Symposium brought together leading voices from business, government, and academia to examine how Canada can sharpen its AI capabilities and sustain innovation-led growth amid increasing global competition and economic uncertainty.

As Canada enters a period shaped by the Fourth Industrial Revolution defined by technological disruption, shifting geopolitical dynamics, and evolving investment landscapes, there is an amplified need for coordinated national strategy. The Symposium explored how Canada can better support AI firm growth and adoption through investment, cloud infrastructure, and public policy. Sessions addressed challenges faced by founders, government initiatives to promote responsible AI development, and the role of venture capital and pension funds in accelerating innovation.

Learning from the Past: How the Fourth Industrial Revolution Will Play Out

Stephen Poloz, Chair of LNC Advisory Council & former Governor of Bank of Canada

In a time of rapid technological change and rising uncertainty, Canada must embrace digital transformation to stay globally competitive, says Stephen Poloz. “The Fourth Industrial Revolution is the digitalization of our economy. AI is just a prominent, catchy layer of this broader wave. But this general-purpose technology promises to deliver massive increases in productivity.” Chair Poloz offers a macroeconomic outlook grounded in historical perspective and calls for bold policy action to harness innovation, close investment gaps, and strengthen Canada’s resilience in an increasingly uncertain and competitive world. 

Challenges and Opportunities in Scaling Canadian AI Firms from Founders Perspectives

Christine Allen, Professor; Co-founder and CEO, Intrepid Labs

Ramtin Attar, Co-Founder and CEO, Promise Robotics

Karthik Ramakrishnan, Co-Founder and CEO, Armilla AI

Jenny Yang, Senior Advisor, MaRS Enterprise (Moderator)

What does it take to build and scale a successful AI venture in today’s tough market? Hear from three entrepreneurs using AI to solve real-world problems—from drug development to housing and enterprise risk. This panel explores the challenges of scaling AI startups in Canada, including talent gaps, regulatory hurdles, and market timing. The founders share hard-won lessons and offer actionable policy ideas to help Canada turn its AI strengths into global leadership.

Fireside Chat on Cloud Infrastructure for Scaling and Adopting AI innovations

Sam Sebastian, VP, Canada Country Manager for Google Cloud

Sharon Hodgson, Dean, Ivey Business School (Moderator)

Cloud infrastructure is the foundation for AI innovation, and its role is growing fast. In this session, Google Cloud’s Sam Sebastian explores how cloud platforms are enabling AI adoption, scaling startups, and transforming traditional industries. He highlights Canada’s opportunity to lead, the importance of public-private partnerships, and how thoughtful policy and infrastructure investment can turn AI potential into economic power.

Perspectives on Government Initiatives on Promoting AI

Mark Schaan, Senior ADM, Strategy, and Innovation Policy, ISED

Dr. Joel Martin, Chief Digital Research Officer & Chief Science Officer, National Research Council Canada

Mahmood Nanji, LNC Power Corporation of Canada Policy Fellow (Moderator)

What role should government play in the age of AI? In this session, senior leaders from ISED and the National Research Council reflect on Canada’s evolving AI strategy, from early investments in foundational research to today's efforts to foster talent, adoption, and trust. They discuss the challenges of commercialization, private sector engagement, and the critical importance of sustained, strategic public investment to unlock AI’s full economic and social potential.

Perspectives from the Venture Capital Industry on investing in AI innovations

Blake Goldring, Executive Chairman, AGF Management Ltd; LNC Advisory Council Member (Moderator)

Janet Bannister, Founder & Managing Partner, Staircase Ventures

Richard Black, Managing Partner, First Ascent Ventures

Richard Nathan, Senior Managing Director, Kensington Capital Partner

This panel features top voices in Canadian venture capital on what it takes to fund and scale innovative startups. Hear how they’re navigating global competition, shifting market conditions, and why long-term support, not just capital, is key to building world-class companies.

Perspectives from Canadian Pension Funds on investing in AI innovations

Eduard Van Gelderen, Senior Vice President and Chief Investment Officer, PSP Investments

Meghna Singh, Managing Director, Head of Strategy & Innovation, AIMCo

Alison Loat, Senior Managing Director, Sustainable Investing and Innovation, OPTrust

Mahmood Nanji, LNC Policy Fellow (Moderator)

Leaders from OPTrust, AIMCo, and PSP Investments shared how Canada’s top pension funds are approaching AI with caution and intent, prioritizing long-term innovation and risk management over short-term gains. Through direct investments, strategic partnerships, and support for enabling technologies, they’re focused on value beyond capital: alignment, learning, and responsible growth.

Synthesizing Lessons & Actionable Ideas

Salim Teja, Partner, Radical Ventures; LNC AI Industry Champion

Dr. Joel Martin, Chief Digital Research Officer & Chief Science Officer, National Research Council Canada

Alison Loat, Senior Managing Director, Sustainable Investing and Innovation, OPTrust

Darren Meister, Professor, Ivey Business School (Moderator)

This panel examined the foundations needed to strengthen Canada’s AI ecosystem, emphasizing five core priorities: talent development (including vocational training), access to compute, effective regulation, geopolitical positioning, and clean energy capacity. Panelists underscored the importance of cross-sector collaboration and the creation of sector-specific sandboxes to drive adoption. Real-world use cases and public engagement were identified as key to building trust and understanding. While challenges remain, the discussion reflected a shared commitment to scaling Canada’s AI capabilities responsibly and competitively.

Speakers

Stephen Poloz

Stephen Poloz
Former Governor, Bank of Canada; Chair, LNC Advisory Council

Sharon Hodgson

Sharon Hodgson
Dean, Ivey Business School

Blake Goldring

Blake Goldring
Executive Chairman, AGF; LNC Advisory Council

Janet Bannister

Janet Bannister
Founder &amo; Managing Partner, Staircase Ventures

Dr. Christine Allen

Dr. Christine Allen
Professor; Co-Founder and CEO, Intrepid Labs

Sam Sebastian

Sam Sebastian
VP & Country Manager, Google Cloud

Meghna Singh

Meghna Singh
Managing Director, Head of Strategy & Innovation, AIMCo

Mark Schaan

Mark Schaan
Senior Assistant Deputy Minister, ISED

Jenny Yang

Jenny Yang
Senior Advisor, MaRS Enterprise

Dr. Joel Martin

Dr. Joel Martin
Chief Digital Research Officer and Science Advisor, National Research Council Canada

Alison Loat

Alison Loat
Senior Managing Director, OP Trust

Karthik Ramakrishnan

Karthik Ramakrishnan
Co-Founder and CEO, Armilla AI

Salim Teja

Salim Teja
Partner, Radical Ventures

Jason Field

Jason Field
President and CEO of Life Sciences Ontario

Dr. Kevin Smith

Dr. Kevin Smith
President and CEO of University Health Network

Thomas d’Aquino

Thomas d’Aquino
Chairman and CEO, Intercounsel Ltd; LNC Advisory Council Founding Chair

With generous support from:

Power Corporation of Canada and Canada Life

Jack Lawrence Family

Mitchell and Kathryn Baran Family Foundation

About Lawrence National Centre for Policy & Management

The only leading policy think tank housed within a top Canadian business school, the Lawrence National Centre (LNC) engages governments, businesses, academia and communities to advocate for sound policy that will ensure a powerful future for Canada. Its evidence-based policy research, education and outreach programs focuses on critical issues on innovation, human capital and trade that are fundamental to unlocking Canada’s competitive advantage on the global stage.

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