The University of Waterloo’s Institute for Quantum Computing welcomes the federal budget commitment to investing in a national quantum strategy.
Alongside industry partners and other Canadian universities, the University of Waterloo has been advocating for a national quantum strategy to maintain Canada’s competitive edge as we develop and commercialize tomorrow’s technological breakthroughs, and train the workforce needed to bring these discoveries to market.
The government has shown its willingness to invest in innovative areas where Canada plays a leadership role. Canada was one of the first to prioritize quantum research, which has positioned us well to lead in this emergent technology.
“We are grateful for the federal government’s ongoing support and commitment toward this important strategy,” said Charmaine Dean, Vice-President, Research & International at the University of Waterloo.
“Canada was an early leader in foundational quantum science and technology development, and while collectively this country continues to punch above its weight ranking behind only the United States and China in quantum computing IP, this strategy will help retain Canada’s first-mover advantage in the field.”
IQC was established nearly 20 years ago to bring together scientists, mathematicians, and engineers to advance fundamental and applied research on quantum technologies. Through the development of quantum communications, computing, materials and sensor applications, the work done at IQC is instrumental in transforming some of the world’s largest industries and driving future economies.
The many companies that have spun out of IQC include Quantum Benchmark, an error-correcting software for quantum-computing hardware, and QEYnet, which is developing satellite-based quantum key distribution.
To learn more about how the research at the University of Waterloo harnesses the quantum laws of nature to develop powerful new technologies and drive future economies, visit the IQC website.