Ajay Agrawal

Professor at Rotman School of Management, University of Toronto

Professor Agrawal is an economist and professor at the University of Toronto’s Rotman School of Management.

He conducts research on the economics of innovation and serves on the editorial board of Management Science. He has published over 70 peer-reviewed articles and co-authored two books on Harvard Business Press: Prediction Machines: The Simple Economics of Artificial Intelligence (2018), and Power & Prediction: The Disruptive Economics of Artificial Intelligence (2022). He co-edited the scholarly volume The Economics of Artificial Intelligence: An Agenda on the University of Chicago Press (2019).

Professor Agrawal is a research associate at the National Bureau of Economic Research in Cambridge, MA; an academic advisory council member at the Center on Regulation and Markets at Brookings in Washington, DC; a member of the McKinsey Technology Council; an advisory board member for Carnegie Mellon University’s Block Center for Technology and Society in Pittsburgh; an International Advisory Committee member for the National Institute for Information and Communications Technology, Japan’s sole R&D agency specializing in ICT; and a faculty affiliate at the Vector Institute for Artificial Intelligence in Toronto.

Professor Agrawal is the founder of the Creative Destruction Lab (CDL) and cofounder of NEXT Canada, both not-for-profit programs that support the commercialization of science via entrepreneurship. CDL is one of the largest programs in the world for seed-stage, science-based companies. In 2023, the program admitted over 700 startups. The program is based at top research universities such as Oxford, HEC Paris, the University of Washington, and the University of Toronto.

Professor Agrawal is cofounder of Sanctuary, creating the world’s first human-like intelligence in general-purpose robots.

Professor Agrawal was recognized by the Rotman School with the Martin-Lang Award for Excellence in Teaching (2010), the Distinguished Scholarly Contribution Award (2017), and the Outstanding Research Impact Award (2021). He was recognized by the graduating MBA Class as Professor of the Year seven times. He was recognized by the University of Calgary with an honorary degree, Doctor of Laws (2022), the highest honor bestowed by the University. He was recognized by the University of Toronto with the President’s Impact Award (2023).

Professor Agrawal was appointed a Member of the Order of Canada, the second-highest honour for merit in the country (2022).