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

More than $ 23 million available over six years for the commercialization of quantum technologies

OTTAWA, ON, June 20, 2022 / CNW / – Quantum technology is at the forefront 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 has Canada make strategic investments to develop quantum-ready technologies, companies and talents and consolidate global leadership in Canada in this domain.

Today, the Honorable Helena Jaczek, Minister in charge of 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 South of Ontario. FedDev Ontario provides more than $ 23 million over six years to help qualified companies scale and commercialize their quantum products and solutions in the domestic and global markets. This investment is an important step in promoting the national quantum strategy.

Refundable contributions of up to $ 5 million will be given 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 aimed at market growth, commercialization aimed at bringing new technologies to market, business development and capacity building and the adoption of quantum technologies.

Applications are now 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 website Ontario.

Quotes

“SouthOntario has many competitive advantages, including pioneering research centers and high-potential quantum sector companies, and is well positioned for breakthroughs in the quantum field. The launch of the regional quantum initiative will give companies in this sector the support they need to commercialize their technologies and bring them to market, and help to Canada one of the world leaders in the development of quantum technologies. »

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

“Quantum science will transform the way everything around us is designed and constructed. It thus has the potential to grow the economy incredibly and create thousands of well-paid jobs. The government is proud of its significant investments and the national quantum strategy to strengthen the Canada and confirm its place as a leader in this field. »

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

Quick facts

  • Quantum science is the study, manipulation and control of systems on an atomic and subatomic scale. It can lead to transformative technologies in areas such as computing, sensing, secure communication and the development of advanced materials.
  • Potential areas in quantum technology for funded projects may include: quantum computers, quantum software, quantum sensors, quantum communication, and quantum materials.
  • Budget 2021 announced a $ 360 million commitment from the government for 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 management; Canada in this growing sector.
  • The government of Canada is already helping Canadian companies bring their technologies to market – including through investments under the Innovative Solutions program Canada for innovation, science and economic development Canada (ISED), Challenge Programs from 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

stick around

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 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