Phase 1 of a new Government of Canada initiative aimed at accelerating the development of fault-tolerant quantum computing.
Photonic Inc. is a quantum technology company developing commercial-scale quantum computers and quantum networks with an Entanglement First™ architecture
VANCOUVER — Photonic Inc., a quantum technology company, announced on Dec. 15 that it has been selected for Phase 1 of the Canadian Quantum Champions Program, which will provide them up to $23M in funding. The program intends to recognize the strategic importance of quantum technologies to Canada’s economic competitiveness and national security and is designed to accel…
Phase 1 of a new Government of Canada initiative aimed at accelerating the development of fault-tolerant quantum computing.
Photonic Inc. is a quantum technology company developing commercial-scale quantum computers and quantum networks with an Entanglement First™ architecture
VANCOUVER — Photonic Inc., a quantum technology company, announced on Dec. 15 that it has been selected for Phase 1 of the Canadian Quantum Champions Program, which will provide them up to $23M in funding. The program intends to recognize the strategic importance of quantum technologies to Canada’s economic competitiveness and national security and is designed to accelerate the development of Canadian quantum, focusing on fault‑tolerant quantum computers and anchoring jobs, talent, and intellectual property in Canada.
Per a Dec. 15 press release, CQCP is a program led by Innovation, Science and Economic Development Canada, with the National Research Council of Canada conducting technical due diligence, Phase 1 is set to launch now.
“We’re pleased that Canada recognizes the strategic importance of quantum, and to be one of the companies invited to participate in Phase 1 of the CQCP” said Dr. Paul Terry, CEO at Photonic. “Quantum computing isn’t just an incremental step; it’s a technology that will redefine how we solve the world’s hardest problems. From modeling complex molecules to securing global communications, its impact will be profound. At Photonic, we’re designing systems that make this future possible – systems that scale, connect, and bring quantum into the real world. Phase 1 of the CQCP is just the start of a program that we believe will strengthen our ability to lead that transformation from Canada. We appreciate the opportunity to contribute our experience to this national initiative.”
“Canada’s investment in the Canadian Quantum Champions Program is a bold step to anchor our world-class talent and companies here at home, helping drive innovation in a field that will transform our economy and daily lives” said Evan Solomon, minister of artificial intelligence and digital innovation and minister responsible for the Federal Economic Development Agency for Southern Ontario. “By strengthening our quantum ecosystem, we are building long-term economic resilience while ensuring Canada’s leadership in science and technology benefits all Canadians.”