Vancouver, British Columbia - PacifiCan
Quantum technology is at the leading edge of science and innovation, and will have a transformative impact on fields ranging from life sciences and defence to communications and computing. To ensure Canadian entrepreneurs are well-positioned to take advantage of these opportunities, the Government of Canada is making strategic investments to grow quantum-ready technologies, companies and talent; and to solidify Canada's global leadership in this field.
Today, the Honourable Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan) announced that the Regional Quantum Initiative is open for applications from across British Columbia. $14 million dollars in PacifiCan funding is available over six years to support eligible businesses and organizations to advance and commercialize their quantum products and solutions for domestic and global markets.
This investment is an important step in advancing the commercialization pillar of the forthcoming National Quantum Strategy. The Strategy's other pillars are dedicated to advancing research and developing talent.
Non-repayable and repayable contributions will be provided for projects that demonstrate, commercialize and scale-up Canadian-made quantum technologies, solutions and companies. Project examples include:
- technology demonstrations geared towards market growth;
- commercialization aimed at bringing new technologies to market;
- business development and capacity building; and
- adopting quantum technologies.
