Government of Canada supports creation of a new advanced manufacturing facility in Ottawa
“Our government’s commitment to advanced manufacturing means companies like Ranovus are moving jobs and infrastructure back to Canada from overseas. This project demonstrates the exciting possibilities and solutions to real-world problems that innovative Canadian companies are focused on. Today’s investment in Ranovus is creating hundreds of good middle-class jobs, contributing to economic growth, and positioning Canada as a world leader in the development and manufacturing of cutting-edge data centre products.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
“We are delighted to be recognized by the Government of Canada as a change agent to resurrect Canadian leadership in the area of high-speed communication for 5G mobility and data centre applications. As we are a Canadian-owned company, our core technologies and capabilities in silicon quantum photonics will be fully leveraged to the benefit of Canada. We are set to expand our collaborations with universities and research organizations to provide a more impactful outcome for Canada whilst providing exciting career opportunities across all our business areas.”
– Hamid Arabzadeh, Chairman and CEO, Ranovus
Today’s investment supports Ranovus’ $50-million project.
Founded in 2012, Ranovus employs more than 40 people in Ottawa and has offices in the United States and Germany. The company announced the general availability of its first product—200G On-Board Optics and CFP2 optical transceiver solutions—in February.
Through its partnerships with government and academia, Ranovus has developed a disruptive technology platform that includes quantum dot multi-wavelength laser and advanced digital and photonics integrated circuit technologies.
The energy savings generated by Ranovus’ next-generation data centre infrastructure could potentially reduce greenhouse gas emissions by 1.4 kilotonnes per year by 2024.
The global market for data centre connectivity products is currently valued at $36 billion.
In addition to the Strategic Innovation Fund, there are hundreds of programs and services to help businesses innovate, create jobs and grow Canada’s economy. With a simple, story-based user interface, the Innovation Canada platform can match businesses with the most fitting programs and services in about two minutes.
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Office of the Minister of Innovation, Science and Economic Development
Innovation, Science and Economic Development Canada
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