PacifiCan's funding comes from $11 million Three local organizations contribute to advancement of quantum technology
Vancouver, British Columbia, May 30, 2024 /CNW/ – Quantum science studies the behavior of matter and energy at the smallest scales. Quantum science is leading to groundbreaking technological advances, including new medicines, more efficient and secure digital communications, and new approaches to tracking and predicting climate change. British Columbia is a pioneer in the global quantum ecosystem, which is poised for further growth.
Today, the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister of Pacific Economic Development, Canada (Pacifican) $11 million With funding from PacifiCan The three B'sC. based organizations leading quantum computing innovation, including:
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that's all $3.4 million 1QB Information Technologies, Inc. (1QBit) commissioned to develop and commercialize topological quantum architecture design (TopQAD)™️);
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$4.3 million To Simon Fraser University A Quantum Manufacturing Center will be established at the university's 4D LABS facility.
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that's all $3.2 million To University of British Columbia To increase the commercialization capabilities of quantum technologies at the Stewart Brasson Institute for Quantum Materials.
Today's investment is the first The three B'sC.-based project funded under the Regional Quantum Initiative. Canada's “We are building a strong reputation as a leader in quantum science. 41 companies are expected to benefit from today's announcement.
As part of the government Canada's As part of the National Quantum Strategy, Pacifican is implementing a Regional Quantum Initiative. British ColumbiaThe Regional Quantum Initiative Canada's Build a global presence by helping companies and organizations create quality jobs and commercialize quantum technologies Canada And all over the world.
For more information on the announced projects, please see the Backgrounder section below.
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“Quantum technologies have the potential to enable future innovations with great commercial potential. British Columbia We are well positioned to further expand our lead in this exciting sector, and the Pacifican-funded projects announced today will help B.C.-based organizations access the support they need to move forward and create jobs and prosperity in B.C. British Columbia“
– The Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister Responsible for the Pacific Economic Development Agency Canada (Pacifican)
“Using TopQAD, our collaborators are gaining critical insights into the performance of next-generation architectures. With PacifiCan's backing and support, we're pleased to provide the design tools the industry needs to guide the future of fault-tolerant quantum computing.”
– Andrew FurthmanCEO, 1QB Information Technologies
“This investment in SFU’s Quantum Manufacturing Centre leverages B.C.’s and Canada’s leadership in quantum technologies, an area with great transformative and economic potential. SFU is Canada's “We will collaborate with some of the top researchers and entrepreneurs in the field and partner with leading quantum companies. We are excited to support bringing together knowledge and innovation in British Columbia and beyond.”
– Dugan O'NeillVice President of Research and Innovation, Simon Fraser University
“UBC Brasson QMI’s advanced nanofabrication facility will provide researchers and emerging quantum industry leaders with the research and technology development infrastructure to create breakthrough solutions in areas such as public health and clean energy. Canada “We expect the facility to develop into a major device manufacturing hub, supporting a range of projects and playing a key role in enabling the commercialisation of transformative quantum technologies.”
– Doctor Gail MurphyVice President of Research and Innovation, University of British Columbia
Quick facts:
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According to a commissioned study, National Research Council of Canada (NRC) Quantum Division $139 billion Industry CanadaMore than 200,000 jobs and $42 billion Revenues will increase by 2045.
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PacifiCan is a federal economic development agency dedicated to British Columbians. Our programs and services help strengthen businesses, non-profits and communities.
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Investments made so far by the private and public sector include: $1 billion invested by the government Canada From 2009 to 2020, we have been instrumental in fostering a highly skilled research and development (R&D) community in the field of quantum technologies.
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Background: Government Canada Supporting growth and innovation British Columbia Quantum Technology Industry
Today, the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister of Pacific Economic Development, Canada (Pacifican) $11 million Regional Quantum Initiative (RQI) funding will be awarded to three innovative British Columbia-based organizations.
Projects announced today include:
Regional Quantum Initiative
1QB Information Technologies (1QBthat)
$3,488,806
The funding will support the development and commercialization of 1QBit's Topological Quantum Architecture Design (TopQAD™️), an innovative software suite that will benefit the quantum industry by reducing uncertainty in fault-tolerant quantum computing development and shortening the time it takes to develop, test, and commercialize quantum-related technologies.
Simon Fraser University
$4.3 million
The funding will add new quantum manufacturing infrastructure, enabling industry users to develop new products, reduce supply chain risk by manufacturing locally, and train talented people to use the tools to produce commercializable outcomes.
University of British Columbia
$3,247,713
The funding will strengthen quantum technology commercialization capabilities at the Stewart Brasson Quantum Materials Institute (SBQMI). The funding will expand the institute's manufacturing and computing capabilities, launch a new quantum foundry, and develop a business expansion strategy for small and medium-sized enterprises. The project will support companies that can use the institute to facilitate rapid prototyping of products, shortening time to market and increasing the likelihood of successful commercialization.
Source: Canadian Pacific Economic Development Agency
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