Canada Spends Logo

Explore our Budget 2026 analysis

Contribution: SIF Stream 1- R&D

Xanadu Quantum Technologies Inc.

$40,000,000.00

819555

EF 2022-23 · 2022-06-01

Résumé
Development of photonic based, fault-tolerant quantum computers
Programme
SIF Stream 1- R&D
Emplacement
Toronto, Ontario, Canada
Type de bénéficiaire
For-profit organization
Numéro d'entreprise
738541929
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions

Tel que publié

Additional Information
This is a fully repayable contribution
Additional Information (French)
Il s'agit d'une contribution entièrement remboursable.
Agreement End Date
2025-12-31
Agreement Number
819555
Agreement Start Date
2022-06-01
Agreement Title
819555
Agreement Title (French)
819555
Agreement Type
Contribution
Agreement Value
$40,000,000.00
Amendment Number
0
Description
Development of photonic based, fault-tolerant quantum computers
Description (French)
Développement d'ordinateurs quantiques photoniques tolérants aux pannes
Expected Results
The computer will have the potential to provide world leading capabilities to help solve complex data problems and could be used in a variety of sectors such as finance, transportation, environmental modelling and health.
Expected Results (French)
L'ordinateur aura le potentiel de fournir des capacités de pointe pour aider à  résoudre des problèmes de données complexes et pourrait être utilisé dans une variété de secteurs comme la finance, les transports, la modélisation environnementale et la santé.
Federal Riding
University--Rosedale
Federal Riding (French)
University--Rosedale
Federal Riding Number
35110
NAICS Code
339000
Organization Code
ic
Organization
Innovation, Science and Economic Development Canada | Innovation, Sciences et Développement économique Canada
Program Name
SIF Stream 1- R&D
Program Name (French)
FIS Volet 1- R&D
Program Purpose
-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.
Program Purpose (French)
-favoriser les activités de R-D qui accéléreront le transfert de la technologie et la commercialisation de produits, de processus et de services novateurs ;-faciliter la croissance et l'expansion des entreprises au Canada ;-attirer et conserver des investissements de grande envergure au Canada ; et-faire progresser la recherche industrielle, le développement et la démonstration de technologies grâce à la collaboration entre les universitaires, les organisations à but non lucratif et le secteur privé.
Recipient Business Number
738541929
Recipient City
Toronto
Recipient Country
CA
Recipient Legal Name
Xanadu Quantum Technologies Inc.
Recipient Operating Name
Xanadu Quantum Technologies Inc.
Recipient Postal Code
M5G2C8
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
033-2022-2023-Q4-819555