April 16, 2025
Federal funding announced to develop the quantum computer of tomorrow

Today, Prime Minister Justin Trudeau announced a $40 million investment to enable Toronto-based quantum computing company Xanadu to build and commercialize the world’s first photonics-based fault-tolerant quantum computer. The investment in this $177.8 million project, supported by the Strategic Innovation Fund, will create 530 new highly qualified positions in high technology and quantum computing…
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