Quantum science is at the leading edge of research and innovation. This emerging field will transform how we develop and design everything from life-saving drugs to next-generation batteries, and Canadian scientists and entrepreneurs are well-positioned to take advantage of these opportunities.
The National Quantum Strategy will support Canada’s quantum sector and solidify Canada’s position among leaders in this fast-growing field.
The Strategy will guide investments along three pillars − quantum research, talent and commercialization − toward achieving three key missions, in quantum computers and software, communications and sensors.
The Canadian Government says “As Canadian researchers, workers and businesses continue to demonstrate leadership on the world stage in innovating and developing quantum technologies, we have the potential to transform how we work and live in Canada and around the world – in areas from fighting climate change to making advancements in health care. The Government of Canada will continue to support Canadian companies to help them keep growing and staying competitive, while driving economic growth and creating highly skilled and well-paying jobs for Canadians.
The Prime Minister, Justin Trudeau, today announced a new federal investment of $40 million to enable the Toronto-based Canadian quantum computing company Xanadu Quantum Technologies Inc. to build and commercialize the world’s first photonic-based, fault-tolerant quantum computer. Once developed, this computer will have the potential to provide world leading capabilities to help solve complex data problems and could be used in a variety of sectors such as finance, transportation, environmental modelling, and health.
Supported through the government’s Strategic Innovation Fund, this $177.8 million project is expected to create 530 new highly skilled positions in the high-tech and quantum computing fields.
Home to some of the world’s largest quantum tech hubs, Canada is well positioned to become a global leader in the developing quantum sector, which will create new opportunities for Canadians and Canadian businesses. The Government of Canada will continue to invest in innovative companies to grow the economy and create highly skilled and well-paying jobs for Canadians.”
“The government’s continued investment in quantum technologies has been invaluable to our success. We are proud to be a Canadian company and, with this investment, are excited to enter the next phase in our mission to build quantum computers that are useful and available to people everywhere.”, says Christian Weedbrook, Founder and CEO, Xanadu
- Since the birth of quantum science more than 100 years ago, quantum technologies have been the source of many game-changing innovations such as semiconductors and the laser.
- Quantum science is the study, manipulation, and control of systems at the atomic and subatomic level.
- It is estimated that by 2045, the Canadian quantum industry will be a $139 billion industry, including all economic effects, and account for over 200,000 jobs, according to a study commissioned by the National Research Council in 2020.
- Earlier this month, the Government of Canada launched its National Quantum Strategy, which invests an additional $360 million to help solidify Canada as a global leader in quantum technologies.
- Over the past 10 years, the Government of Canada has invested more than $1 billion in quantum research and science.
- Additionally, the government has invested in bringing new quantum technologies to the Canadian and global markets, including investments through Canada’s regional development agencies, the Strategic Innovation Fund, and the National Research Council of Canada’s Industrial Research Assistance Program.
- Xanadu is a notable contributor to Canada’s innovation ecosystem and has committed to continuing to support innovation, growth, and Canada’s research and development sector.
- Founded in 2016, Xanadu is a Toronto-based Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Xanadu has become one of the world’s leading quantum hardware and software companies and leads the development of PennyLane, an open-source software library for quantum computing and application development.