The Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), has announced over $11 million in PacifiCan funding to three B.C.-based organizations at the forefront of innovation in quantum computing. These investments mark the first three B.C.-based projects funded under the Regional Quantum Initiative, which aims to strengthen Canada’s position as a leader in quantum science.
Under the National Quantum Strategy of the Government of Canada, PacifiCan is spearheading the Regional Quantum Initiative in British Columbia. This initiative is designed to elevate Canada’s global standing by supporting companies and organizations in creating employment opportunities and advancing the commercialization of quantum technology locally and internationally.
The first project to receive funding is 1QBit Information Technologies, Inc., which will receive over $3.4 million for the development and commercialization of their Topological Quantum Architecture Design (TopQAD™️). This cutting-edge technology has the potential to revolutionize quantum computing by allowing for faster and more efficient processing of data.
Simon Fraser University will also receive over $4.3 million in funding to establish the Quantum Fabrication Centre at their 4D LABS facility. This centre will provide researchers with access to advanced equipment and expertise, enabling them to explore new applications for quantum technology and develop innovative solutions that can benefit a wide range of industries, from healthcare to finance.
Finally, over $3.2 million will be provided to the University of British Columbia to enhance their capacity for commercializing quantum technologies at their Stewart Blusson Quantum Matter Institute. This funding will help UBC continue its research into quantum computing and develop new technologies that have practical applications in areas such as cryptography and drug discovery.
These announcements are expected to benefit 41 businesses by providing them with access to funding, expertise, and infrastructure they need to bring their ideas to fruition and create new job opportunities in British Columbia’s burgeoning tech sector.
