Canada invests $140M in quantum computing firm Xanadu - Evertiq

© Liviorki General | September 17, 2026 Canada invests $140M in quantum computing firm Xanadu Evertiq The funding is expected to help enable Xanadu to establish the advanced manufacturing facilities it needs to build fault-tolerant utility-scale photonic quantum computers.

Xanadu Quantum Technologies Limited has announced it has signed a definitive agreement with the Government of Canada for CAD $195 million (about USD 140 million) support through the Strategic Response Fund, administered by Innovation, Science and Economic Development Canada. The funding is expected to help enable Xanadu to establish the advanced manufacturing facilities it needs to build fault-tolerant utility-scale photonic quantum computers, the Canadian company said.The CAD $195 million federal commitment formalizes the complete federal portion of the potential funding of up to CAD $390 million in support announced on March 11, 2026 for Project OPTIMISM.“This agreement is a major milestone for Xanadu and for Canada's ambition to lead in quantum technology and advanced manufacturing," said Dr. Christian Weedbrook, Founder and Chief Executive Officer of Xanadu. “We believe building utility-scale quantum computers will require a new generation of highly specialized manufacturing capabilities.” “Quantum technology represents a tremendous opportunity to create good jobs, strengthen our economic sovereignty, and grow world-leading industries here at home,” said Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions. “By investing in advanced manufacturing and innovation in Canada, we are building a more resilient economy, developing Canadian talent, and ensuring we remain competitive in a rapidly changing world.” Strategic investments like this one help transform Canadian breakthroughs into globally competitive businesses, strengthen the quantum ecosystem, and create high-value jobs in the country, according to Evan Solomon, Minister of AI and Digital Innovation. From manufacturing and design to supply chains and emerging technologies, the electronics industry never stands still. Meet the people driving it forward at the upcoming Evertiq Expo events. The next stop is Evertiq Expo Gothenburg on September 17, where industry professionals gather to exchange knowledge, discover new solutions and build valuable business connections. To stay up to date with the latest developments, sign up for the Newsletter. Load more news