
MP Chahal announces federal investments to commercialize Alberta-made quantum technologies (CNW Group/Prairies Economic Development Canada)
CALGARY — The federal government invests over $8.4 million for three projects to strengthen Alberta’s capacity to bring new quantum products to national and international markets.
The projects receiving support include the following-
- Over $4.1 million for the University of Calgary’s Quantum City initiative to develop infrastructure and acquire specialized equipment aimed at supporting companies developing industrial quantum applications.
- Over $2.2 million for the University of Alberta to establish a quantum hardware innovation hub that provides industry with access to technical expertise and equipment to prototype and manufacture quantum technologies.
- Over $1.9 million for Zero Point Cryogenics to scale-up its advanced manufacturing capabilities, develop new products and services, and expand into Canadian and U.S. markets.
The investments are expected to support approximately 170 jobs, directly assist 30 small and medium-sized companies, and train 375 individuals in the field of quantum science.
“Quantum technology is having an increasingly significant impact across key sectors of our economy—from manufacturing and healthcare to transportation, telecommunications and life sciences. Investment in these projects will help bring together the knowledge of academia and ingenuity of our private sector to further accelerate new quantum applications that generate economic growth and jobs across Alberta,” said Dan Vandal, minister for PrairiesCan.
“Advancements in quantum have the potential to transform how we live and work. I’m proud to see our government building on Alberta’s established strengths in this sector through these strategic investments that enable local companies to access the resources and expertise needed to commercialize their exciting new products,” said George Chahal, MP for Calgary Skyview.
“The development of cryogenic platforms for quantum research is complex, resource-intensive, and costly. Our advancements in this field would not be feasible without the support provided by funding mechanisms such as PrairiesCan. It has allowed us to bring together high caliber talent and position our cryogenic technologies on the global stage,” Christopher Cassin, CEO, Zero Point Cryogenics, said.
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