Quantum Industry Canada (QIC) welcomes the federal government’s announcement in Toronto Friday of a $195M investment in Xanadu Quantum Technologies. This announcement clearly signals Canada’s willingness to make the investments necessary to position Canada as a global leader in quantum technologies.
Every strategic investment into research and development, and advanced manufacturing capacity is important across the quantum sector — these are areas in which Canada has the expertise and the innovators we need to lead.
Building on Canada’s world-class foundation in quantum research, the sector is moving toward its next critical stage: commercialization, industrialization, and building the domestic supply chains companies need to compete and scale globally.
QIC looks forward to continued partnerships between government and industry to deliver more Canadian technologies to market, grow quantum and quantum-enabling enterprises, and protect Canadian IP and supply chains through investment in domestic capabilities.
“Today’s announcement is a signal the federal government is invested in the growth and advancement of Canada’s quantum sector. QIC is encouraged by this news, as it is a clear vote of confidence for what our members – alongside the quantum ecosystem at large – can contribute to the nation,” said Sean Lee, Acting CEO of QIC. “Canada’s distinct advantage is in fundamental quantum research. Investments like this ensure that strength translates into commercial success — keeping the value of this technology, and the jobs and expertise that come with it, here at home. There is more to be done to protect and advance Canada’s quantum advantage and scale Canadian-made technologies, and we have growing confidence that Canada will deliver.”
ABOUT QUANTUM INDUSTRY CANADA
Quantum Industry Canada (QIC) is Canada’s business-led consortium, uniting nearly 80 quantum companies and strategic partners to accelerate the growth of Canada’s quantum sector. Our mission is to translate Canada’s quantum capabilities and strengths into global business success, national prosperity, and long-term security. We pursue that mission by supporting industry, building the conditions for commercial success, fostering collaboration at home and abroad, and serving as the trusted link between Canada’s quantum industry, government, and strategic partners working to advance the shared goals.
Media Contact:
Andrew Tumilty
Senior Advisor, Texture Communications
