Companies can now apply for the Regional Quantum Initiative in Southern Ontario

More than $23 million available over six years to commercialize quantum technologies

OTTAWA, ON, June 20, 2022 /CNW/ – Quantum technology is at the cutting edge of science and innovation and will have a transformative impact on key industries, such as computing, communications and security. To ensure that Canadian entrepreneurs are well positioned to take advantage of these opportunities, the Government of Canada makes strategic investments to develop quantum-ready technologies, businesses and talent, and consolidate global leadership in Canada in this domain.

Today, the Honorable Helena Jaczek, Minister responsible for the Federal Economic Development Agency of South of I’Ontario (FedDev Ontario), announced that companies can now apply for the Regional Quantum Initiative (QRI) in the South of Ontario. FedDev Ontario is providing more than $23 million over six years to help eligible companies scale and commercialize their quantum products and solutions in domestic and global markets. This investment is an important step in advancing the National Quantum Strategy.

Repayable contributions of up to $5 million will be made to projects that include a wide range of activities to demonstrate, commercialize and scale Canadian quantum technologies, solutions and companies. Examples of projects include technology demonstrations geared towards market growth, commercialization aimed at bringing new technologies to market, business development and capacity building and adoption of quantum technologies.

Applications are now being accepted until September 20, 2022. For more information on eligibility criteria and eligible costs, or to apply under the Regional Quantum Initiative, visit the FedDev webpage Ontario.

Quotes

“SouthernOntario has many competitive advantages, including cutting-edge research centers and high-potential quantum-sector enterprises, and is well-positioned for breakthroughs in the quantum field. The launch of the Regional Quantum Initiative will provide companies in this sector with the support they need to commercialize their technologies and bring them to market, helping to make Canada a world leader in the evolution of quantum technologies. »

The Honorable Helena Jaczek, Minister Responsible for the Federal Economic Development Agency for South of I’Ontario.

“Quantum science will transform the way everything around us is designed and engineered. Thus, it has the potential to grow the economy incredibly and create thousands of well-paying jobs. The government, through significant investments and the National Quantum Strategy, is proud to amplify the strengths of Canada and confirm its place as a leader in this field. »

The Minister of Innovation, Science and Industry, the Honorable François-Philip Champagne

Quick Facts

  • Quantum science is the study, manipulation and control of systems at the atomic and subatomic scale. It can lead to transformative technologies in areas such as computing, sensing, secure communications and the development of advanced materials.
  • Potential areas of quantum technology for funded projects may include: quantum computers, quantum software, quantum sensors, quantum communications, and quantum materials.
  • Budget 2021 announced a commitment of $360 million from the Government of Canada to launch a National Quantum Strategy (NDS) to support a vibrant Canadian quantum industry and help build the workforce needed to consolidate global quantum leadership Canada in this growing sector.
  • The government of Canada already helping Canadian companies bring their technologies to market – including through investments under the Innovative Solutions program Canada of Innovation, Science and Economic Development Canada (ISED), Challenge programs of the National Research Council of Canada (NRC) and the Regional Quantum Initiative (QRI) program offered by the Federal Economic Development Agency for South of I’Ontario.

Related links

Regional Quantum Initiative
National quantum strategy
FedDev Ontario

stay tuned

Subscribe to our monthly newsletter L’actualité économique du South of I’Ontarioand follow us on TwitterFacebook, Instagram and LinkedIn to learn more about how we drive business growth, cultivate partnerships and build strong communities around the world. South of I’Ontario.

SOURCE Federal Economic Development Agency for the South of I’Ontario

For further information: Monica Granados, Press Secretary, Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario, [email protected]; Media Relations, FedDev Ontario, [email protected]

.

Leave a Comment