Nord Quantique’s CA $23M (US $16.7M) CQCP Win Paves Way for Over US $30M in Total Government Contracts

Nord Quantique’s CA $23M (US $16.7M) CQCP Win Paves Way for Over US $30M in Total Government Contracts Nord Quantique, a Canadian quantum computing manufacturer specializing in highly efficient quantum error correction, has been awarded a contract of up to CA $23 million (US $16.7 million) from the Government of Canada. This major funding is part of the newly launched Canadian Quantum Champions Program (CQCP), a national initiative designed to anchor quantum companies and talent in Canada and accelerate the development of fault-tolerant, utility-scale quantum computers. CQCP Funding and Validation for Four Canadian Champions The funding is part of Phase 1 of the CQCP, a $92 million (CAD) (US $66.7 million) total investment over five years, which also awarded up to CA $23 million (US $16.7 million) to three other Canadian-headquartered firms: Xanadu, Photonic, and Anyon Systems. This strategic investment aims to keep Canada at the forefront of the global quantum race, support the country’s forthcoming Defence Industrial Strategy, and protect national technological sovereignty. As part of the program, the National Research Council of Canada (NRC) will establish the Benchmarking Quantum Platforms (BQP) initiative to rigorously assess the technical progress of the selected companies. Nord Quantique was selected based on its patented superconducting quantum circuits, which leverage bosonic qubits and efficient error correction to achieve a 1:1 logical qubit ratio, which aims to reduce the physical overhead required for fault tolerance. Unlocking Expanded U.S. DARPA Contract Eligibility The Canadian funding now unlocks a larger financial opportunity for Nord Quantique in the U.S. The company was recently selected for Stage B of DARPA’s Quantum Benchmarking Initiative (QBI), which awarded an initial contract of US $5 million. Crucially, to negotiate a contract above this initial amount, DARPA requires participants to secure external funding matching the contracted value. The CA $23 million (US $16.7 million) secured through the CQCP makes Nord Quantique eligible to negotiate for the maximum potential value of the DARPA Stage B contract, totaling up to US $15 million. The combination of the CQCP contract and the potential DARPA contracts represents over US $30 million in non-dilutive, secured revenue for the company. Growth and Future Plans Nord Quantique CEO Julien Camirand Lemyre emphasized that the decisive action by the Canadian government is foundational for cultivating a strong domestic quantum industry and signals Canada’s seriousness about quantum to foreign and domestic investors. The company plans to deploy this new capital to double the size of its team and execute a major expansion of its laboratories in 2026. Read the full announcements and details on the Canadian Quantum Champions Program: Canada Commits Up to $92M in Phase 1 of CQCP here, HPCwire coverage on the total program here, Xanadu’s Selection here, Photonic’s Selection here, and Anyon Systems’ Award here. December 15, 2025 Mohamed Abdel-Kareem2025-12-15T11:29:32-08:00 Leave A Comment Cancel replyComment Type in the text displayed above Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.