Agreement Value:
$40,000,000.00
Agreement Date:
Nov 20, 2020 - Jun 30, 2041
Description:
Development of a pre-commercial, next-generation annealing-type quantum computer. Includes proto-typing, testing and full-scale implementation of quantum computing systems and services based on a new architecture. Involves harnessing the properties of quantum mechanics to provide new, energy-efficient computation systems enabling novel algorithms and applications to solve difficult problems in optimization, machine learning, and quantum simulation.
Organization:
Innovation, Science and Economic Development Canada
Location:
Burnaby, British Columbia, CA V5G4M9
Reference Number:
033-2020-2021-Q3-811923
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
871875076
Recipient Type:
For-profit organization
Additional Information:
Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from the end of the work phase of the project (30/06/2023) to the current end date of (30/06/2041). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.
Amendment Date
Mar 31, 2026
Recipient's Operating Name:
D-Wave Systems Inc.
Recipient's Legal Name:
D-Wave Systems Inc.
Federal Riding Name:
Burnaby South
Federal Riding Number:
59003
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.