Canadian quantum computing company receives CAD$40 million from the government’s Strategic Innovation Fund
Canadian quantum computing company is awarded $40 million from the government’s Strategic Innovation Fund to develop a photonic-based quantum computer, creating 500 jobs in the tech sector.
Canadian Prime Minister Justin Trudeau has announced a federal investment of CAD$ 40 million to enable quantum computing company Xanadu to build and commercialise a photonic-based, fault-tolerant quantum computer. Supported through the government’s Strategic Innovation Fund, the project is expected to create over 500 new jobs in the high-tech and quantum computing fields.
The investment is aligned with the goals of the Canadian Quantum Strategy that was published earlier this year.
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