Quantum Algorithms Institute receives $ 2.2M boost from Canadian government to support British Columbia as world leader in quantum technologies – SFU News
By Justin Wong
The Quantum Algorithms Institute, housed on the Surrey campus of Simon Fraser University, will receive $ 2,210,000 million in federal funding from Western Economic Diversification Canada (WD) to help it accelerate innovation and commercialization of quantum technologies.
The institute will also use the funds to renovate its state-of-the-art physical center to facilitate engagement activities such as hosting collaborative industry-academia events, hosting quantum technology conferences. for local and international actors and the promotion of collaboration between existing quantum companies. and new potential customers.
Additionally, this funding will help the institute train and develop a world-class talent pool for this emerging industry.
The institute is managed by its founding members, among whom:
- Academic partners: SFU, University of British Columbia, University of Victoria
- Government of British Columbia
- Industry partners: Amazon Web Services, D-Wave, IBM, Microsoft, Photonic and 1-QBit.
“On behalf of the Institute, SFU and all partners, I would like to thank Western Economic Diversification Canada for their generous support,” said Dugan O’Neil, Vice President of Research and internationally from SFU. “This funding will further contribute to the Institute’s mission of bringing together academia, industry and government, and publicizing the province’s flourishing reputation as a leader in quantum computing.”
Quantum technology is a new generation of optical and electronic devices that use quantum effects to dramatically improve performance over existing technologies.
For example, quantum computers will be able to solve problems that the largest classical supercomputers would take thousands of years to solve, but in a fraction of the time.
“Quantum technology is a key area that will bring opportunity and talent to British Columbia,” said the Hon. Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada. “By supporting the Quantum Algorithms Institute, we are demonstrating our commitment to make strategic investments in digital technologies that will ensure strong economic growth and prosperity in the West. “
This technology will have significant impacts in many sectors including manufacturing, natural resources, finance, engineering, health, defense, transportation, telecommunications and life sciences.
“When the new facility opens in spring 2022, the institute will offer a regular program of training opportunities, workshops and industry events, as well as open collaborative research seminars,” said Brad Lackey, senior principal investigator of Microsoft and chairman of the Quantum Algorithms Institute’s Board of Directors. “In addition to providing a key venue for fostering collaboration between academia and industry, it will enable all of the interdisciplinary interactions necessary to prepare our students to enter the quantum technology workforce.”
Read the official press release from Western Economic Diversification Canada.