Grants and Contributions:
Title:
819555
Agreement Number:
819555
Agreement Value:
$40,000,000.00
Agreement Date:
Jun 1, 2022 - Dec 31, 2025
Description:
Development of photonic based, fault-tolerant quantum computers
Organization:
Innovation, Science and Economic Development Canada
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.
Location:
Toronto, Ontario, CA M5G2C8
Reference Number:
033-2022-2023-Q4-819555
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
738541929
Recipient Type:
For-profit organization
Additional Information:
This is a fully repayable contribution
Recipient's Operating Name:
Xanadu Quantum Technologies Inc.
Recipient's Legal Name:
Xanadu Quantum Technologies Inc.
Federal Riding Name:
University--Rosedale
Federal Riding Number:
35110
Program:
SIF Stream 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.
NAICS Code:
339000