The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has announced that companies can now apply to the Regional Quantum Initiative (QRI) in Southern Ontario.
FedDev Ontario is providing more than C$23 million over six years to help eligible companies advance and commercialize their quantum products and solutions for domestic and global markets. This investment is an important next step in advancing a national quantum strategy.
The Government of Canada is making strategic investments to grow quantum-ready technologies, businesses and talent while solidifying Canada’s global leadership in this area. In fact, Budget 2021 announced a C$360 million commitment from the Government of Canada to launch a National Quantum Strategy (NQS) to support Canada’s quantum industry and help build the workforce. necessary for the growth of the sector.
Repayable contributions of up to C$5 million will be awarded to projects that involve a range of activities to demonstrate, commercialize and develop made-in-Canada quantum technologies, solutions and businesses.
Examples of projects include technology demonstrations focused on market growth. In addition, commercialization, aimed at bringing new technologies to market, business development and capacity building, and adoption of quantum technologies are also included.
“Southern Ontario has many competitive advantages, including world-class research centers and high-potential quantum companies, and is well positioned for quantum breakthroughs. The launch of the Regional Quantum Initiative will provide companies in this sector with the support they need to commercialize and commercialize their technologies, helping to position Canada as a global leader in advancing quantum technologies,” said the Honorable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario.
Applications are now open and are accepted until September 20, 2022. More information on applying can be found here.