Canadian quantum computing company receives CAD$40 million from the government’s Strategic Innovation Fund

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.