Government of Canada announces support for southern Ontario’s quantum technology sector

AI Incorporated

(Toronto, ON)

This repayable investment will support late-stage product development to accelerate the commercialization of the company’s Quantum SLAM technology. Quantum SLAM brings together the companies two previous technologies, implementing both onto a single computer chip that can now enable innovators to implement high speed, low cost mobile robotics solutions for products ranging from robot vacuum cleaners to autonomous vehicle lifts, while supporting 8 jobs.

$465,884

CogniFrame Inc.

(Toronto, ON)

This repayable investment will help to create a cost-effective simulator that will make quantum computing accessible to Canadian start-ups and enterprises, while creating 5 jobs. The simulator aims to lower entry barriers, particularly in health care and finance projects, making it easier for developers to adopt quantum technologies.

$635,775

Crypto4A Technologies Inc.

(Ottawa, ON)

Crypto4A's quantum-ready hardware security solution is developed and manufactured here in Ontario. This repayable investment will accelerate the company’s ability to address evolving fundamental security challenges of the digital economy while supporting the manufacturing sector of Ontario, and support more than 50 jobs.

$3,750,000

Foqus Technologies Inc.

(Kitchener, ON)

This repayable investment will allow the company to accelerate late-stage commercialization activities of its advanced quantum algorithm solutions, that enhance the sensitivity of sensors used in medical imaging, improving the speed and quality of MRI scans, while supporting nearly 5 jobs.

$601,975

ForeQast Technologies Limited

(Waterloo, ON)

This repayable investment will help to accelerate the commercialization of the company’s logistics solution to identify the most optimal and efficient delivery routes in supply chain industries, reducing the time and costs associated with deliveries, while supporting 5 jobs.

$628,180

GoodLabs Studio Inc.

(Toronto, ON)

This repayable investment will further the development of GoodLabs Studio Inc.’s quantum payment optimizer that works to reduce computation times and security risks related to the transfer of large-value payments between financial institutions while supporting 10 jobs.

$844,875

High Q Technologies Inc.

(Waterloo, ON)

This repayable investment will support product enhancements as High Q Technologies Inc. launches its systems into the biopharmaceutical industry, aiding in the process of discovering new forms of medicine and supporting nearly 10 jobs.

$3,750,000

ISARA Corp

(Waterloo, ON)

This repayable investment will support the company as it commercializes its network analysis tool, which can be used to support the migration of information systems to emerging quantum-enabled secured communication protocols. This project will also support over 20 jobs.

$1,750,000

ProteinQure Inc.

(Toronto, ON)

This repayable investment will accelerate the development and commercialization of quantum computing into the company’s technology platform, which uses advanced simulations and AI to discover new medicines. This project will support nearly 5 jobs.

$700,000

Qoherent Inc.

(Markham, ON)

This repayable investment will support the expansion of the company’s quantum computing algorithm for radio signal sensing and support 5 jobs.

$113,811

Quantropi Inc.

(Ottawa, ON)

This repayable investment for will support the late-stage product development and deployment of the company's quantum-secure encryption platform that provides users with secure coded functions to protect data, networks and systems, while supporting over 5 jobs.

$247,500

Xanadu Quantum Technologies Inc.

(Toronto, ON)

This repayable investment will help the company to advance and improve its existing PennyLane software, which is a tool for programming quantum computers, and support over 20 jobs. Xanadu aims to optimize the software for practical applications in industries, such as finance, materials, pharmaceuticals and transportation.

$3,750,000