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(Bloomberg) — The Canadian government will provide up to C$92 million ($66.8 million) in funding to help quantum computing firms to scale up and remain in the country, as competition with the US in the emerging field heats up.
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The funding will be split among Anyon Systems, Nord Quantique, Photonic, and Xanadu Quantum Technologies, according to a news release from Artificial Intelligence Minister Evan Solomon’s office. The money is the first phase of the government’s new C$334 million Canadian Quantum Champions Program.
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Developing a domestic quantum computing sector in Canada is meant in part to support the government’s defense industrial strategy, the release said. Canada has agreed along with its North Atlantic Treaty Organization allies to spend 5% of gross domestic product on defense and related infrastructure by 2035.
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“Quantum computing technologies have several defense applications, including in cryptography, advanced materials, signal processing and pattern recognition for threat analysis,” Solomon’s office said in the release.
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Canada has significant expertise in quantum computing, in which quantum mechanics hold the promise of solving problems far faster than today’s standard or so-called classical computers. Prime Minister Mark Carney’s government is pushing to retain that advantage as the US ramps up programs to lure top talent.
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The US Defense Advanced Research Projects Agency has launched a competition for companies to build a “useful, fault-tolerant” quantum computer within a decade. Nord Quantique, Photonic and Xanadu were among 11 companies selected for the second phase of the initiative.
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US President Donald Trump’s recent National Security Strategy also said he wants to ensure that “US technology and US standards — particularly in AI, biotech, and quantum computing — drive the world forward.”
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—With assistance from Thomas Seal.
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English (US)