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WATERLOO, Ont. (March 23, 2006) -- The University of Waterloo welcomes today's tremendous announcement by the Ontario government of substantial investments in research and innovation in two Waterloo-based institutes.

At Queen's Park this afternoon, in the budget announcement, Finance Minister Dwight Duncan pledged $100 million in new support: $50 million for the Institute for Quantum Computing at UW; and $50 million for the neighbouring Perimeter Institute for Theoretical Physics.

UW President David Johnston voiced praise for the far-reaching announcement.

Nature publishes UW researchers' work on quantum information processing

WATERLOO, Ont. -- Researchers from the University of Waterloo's Institute for Quantum Computing (IQC), in a paper published in Nature, have taken a major step forward in finding out how to make quantum information processing devices more powerful than today's computers.