Government of Canada supports emerging quantum technology sector
The Quantum Algorithms Institute, hosted at Simon Fraser University Surrey campus, will be a collaboration hub aimed at attracting unique industry partnerships, developing a world-leading talent pool, and developing commercial applications and adoption of quantum technologies. The Institute will use the funds to renovate a state-of-the-art physical center to facilitate engagement, organize collaborative industry and academia events, host quantum technology conferences for local and international players, and promote collaboration. between existing quantum enterprises and new customers.
A new generation of optical and electronic devices use quantum effects to dramatically improve performance over existing technologies. For example, quantum computers will be able to solve problems that the largest classical supercomputers would take thousands of years to solve, but in a fraction of the time. This technology will have significant impacts in many sectors including manufacturing, natural resources, finance, engineering, health, defense, transportation, telecommunications and life sciences.
This funding is expected to train at least 100 highly skilled people, bring two quantum technologies to market and help 10 companies adopt quantum technologies.
By funding this project, Western Economic Diversification Canada is supporting its digital technology cluster and clean energy cluster priorities by accelerating innovation and commercialization of quantum technologies through unique partnerships with industry. , universities and government. The government of Canada recognizes that quantum technologies represent important opportunities for innovation and Canada is well positioned to become a global leader in the quantum industry.
“Quantum technology is a key area that will bring opportunities and talents in British Columbia. Our government’s support for the Quantum Algorithms Institute is in line with our plan for a strong economic recovery and our commitment to make strategic investments in digital technologies that will support growth and prosperity in the West. “
– The Honorable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada
“British Columbia has a significant local competitive advantage in the quantum ecosystem and is well positioned to become a global leader in the field. This project will have a lasting positive effect in the province as we gain expertise in this important sector. “
– Sponge Beech, deputy of Burnaby North – Seymour and Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard and to the Minister of Economic Development and Official Languages (BC)
“On behalf of the Institute, SFU and all partners, I would like to thank Western Economic Diversification Canada for their generous support. This funding will further contribute to the Institute’s mission of bringing together academia, industry and government, and raising awareness of the province’s flourishing reputation as a leader in quantum computing.
– Dugan O’Neil, Vice-president, Research and International, Simon Fraser University
- The quantum technology sector is on a high growth trajectory globally and presents a significant opportunity for economic growth and the creation of well-paying jobs in the world. Canada.
- The quantum sector is growing exponentially around the world with significant public and private investments that will reach $ 30 billion in the next 10 years.
- Proposed 2021 budget $ 360 million towards the launch of a National Quantum Strategy.
- British Columbia has a competitive advantage in the quantum ecosystem, as large, world-class companies are based in the province. D-Wave Systems Inc., Photonic and 1-Qbit are all key members of the IAQ initiative. Other founding members of QAI include the government of British Columbia, University of Victoria, University of British Columbia, Simon Fraser University, Amazon Web Services, IBM and Microsoft.
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SOURCE Western Economic Diversification Canada
For further information: Ben Letts, Acting Regional Communications Manager, Western Economic Diversification Canada, Vancouver, British Columbia, 604-379-9626, [email protected]; Dr Dugan O’Neil, Vice President, Research and International, Simon Fraser University, Burnaby, BC, 778-782-5080, [email protected]; SFU Media Contact: Tiffany Akins, Director, Media Relations and Public Affairs, Simon Fraser University, Burnaby, BC, 604-874-9393, [email protected]