Vancouver-based Photonic has been selected for Phase 1 of the federal government’s Canadian Quantum Champions Program (CQCP), a move that could see the company receive up to $23 million in funding as Canada looks to accelerate the development of fault-tolerant quantum computing technologies.
The program recognizes the strategic importance of quantum technologies to Canada’s economic competitiveness and national security, and is designed to support the commercialization of next-generation quantum systems while anchoring high-value jobs, talent, and intellectual property in Canada.
CQCP is led by Innovation, Science and Economic Development Canada, with the National Research Council of Canada responsible for technical due diligence. Phase 1 of the program is launching now, while additional phases are under development and are expected to scale in line with similar international quantum initiatives.
Photonic, which develops distributed quantum computing systems using photonics-based technology, said participation in the program reflects growing recognition of quantum computing’s potential to reshape industries ranging from advanced materials and drug discovery to secure communications.
“We’re pleased that Canada recognizes the strategic importance of quantum, and to be one of the companies invited to participate in Phase 1 of the CQCP,” said Dr. Paul Terry, chief executive officer of Photonic. “Quantum computing isn’t just an incremental step; it’s a technology that will redefine how we solve the world’s hardest problems. At Photonic, we’re designing systems that scale and connect to bring quantum computing into the real world. Phase 1 of the CQCP is just the start of a program that we believe will strengthen our ability to lead that transformation from Canada.”
The federal government says the initiative is intended to ensure Canada remains competitive in a rapidly advancing global quantum race.
“Canada’s investment in the Canadian Quantum Champions Program is a bold step to anchor our world-class talent and companies here at home, helping drive innovation in a field that will transform our economy and daily lives,” said Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario. “By strengthening our quantum ecosystem, we are building long-term economic resilience while ensuring Canada’s leadership in science and technology benefits all Canadians.”
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