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D-Wave receives $40 million from federal government for quantum computing tech


D-Wave receives $40 million from federal government for quantum computing tech
Burnaby, BC-based D-Wave Systems has secured $40 million from the Government of Canada to support its quantum computing systems and software.
The funding is set to be announced Thursday afternoon by the recently appointed Minister of Innovation, François-Philippe Champagne.
The $40 million in government funding comes in the form of Strategic Innovation Fund (SIF) financing. It will support a $120 million project D-Wave is working on to develop quantum computer hardware and software systems.
The goal behind the government capital and project is to ensure Canada “remains at the forefront of quantum technology development” and help D-Wave prove the advantage of quantum technology over classical computers. The project has also received assistance from the Sustainable Development Technologies Canada program and the Government of British Columbia, though dollar figures we ....

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Government invests $518 million into Canada Foundation for Innovation to fund research projects


Government commits $518 million to Canada Foundation for Innovation to fund research projects
The Government of Canada has committed $518 million in research infrastructure funding through the Canada Foundation for Innovation (CFI).
Announced Wednesday, the funding is going to support 102 projects at 35 post-secondary institutions and research hospitals across the country. The government called the financing a way to help Canada keep at the “forefront of exploration, innovation and discovery.”
The CFI is a 20-year-old, independent, not-for-profit organization that invests in research facilities and equipment in Canada’s universities, colleges, research hospitals, and non-profit research institutions.
The $518 million in investments were made through the CFI’s Innovation Fund, which supports 40 percent of infrastructure costs across a spectrum of research projects, which includes technological innovation. The total investment, which is $518, ....

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