Major funding for quantum tech companies spun out of Waterloo to advance and commercialize quantum technology
Federal funding will accelerate quantum startups’ products and solutions for domestic and global markets.
The Government of Canada announced on February 22 it is investing more than $17.2 million in funding through the Regional Quantum Initiative to support startup companies in Southern Ontario’s quantum technology sector, including two companies that have spun out from the University of Waterloo, High Q Technologies Inc., with an investment of $3.7 million and Foqus Technologies Inc., with an investment of $601,975.