Canada launches national quantum strategy - Ottawa News

Backed by an investment of 360 million Canadian dollars ($288 million) committed in Budget 2021, the strategy is driven by three missions in key quantum technology areas, including computing hardware and software; communications to equip Canada with a national secure quantum communications network and post-quantum cryptography capabilities; and sensors, according to a news release issued by Innovation, Science and Economic Development Canada.

The missions will be advanced through investments in three pillars: research, with 141 million Canadian dollars ($113 million) to support basic and applied research to realise new solutions and new innovations; talent, with 45 million Canadian dollars ($36 million) to develop and retain quantum expertise and talent in Canada, as well as attract experts from within Canada and around the world, to build the quantum sector; and commercialization, with 169 million Canadian dollars ($135 million) to translate research into scalable commercial products and services.

According to a study commissioned by the National Research Council of Canada in 2020, it is estimated that by 2045, the Canadian quantum industry, once quantum technologies take hold, will be a 139 billion Canadian dollar ($111 billion) industry including all economic effects and account for 209,200 jobs, the release said.