Burnaby, B.C.-based D-Wave Systems is getting $40 million from the federal government to help advance its efforts in the development of quantum computing.
The funding comes from Ottawa’s Strategic Innovation Fund to support a $120 million project to advance D-Wave’s hardware and software.
François-Philippe Champagne, Minister of Innovation, Science and Industry, speaks with the media during a virtual briefing March 11.
“Quantum will help us quickly solve problems that would have otherwise taken decades,” said François-Philippe Champagne, Minister of Innovation, Science and Industry, told reporters during a virtual press briefing for the announcement.
In a separate release, he added that the funding will “will help place Canada at the forefront of quantum technology development, and will create new jobs and opportunities to help...