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Canada Commits CAD $195M ($140.2 M USD) to Xanadu for $893M ($642.2M USD) "Inception" Quantum Manufacturing Facility - Quantum Computing Report
Photonic quantum computing developer Xanadu (NASDAQ/TSX: XNDU) has signed a definitive agreement with the Government of Canada securing CAD $195 million ($140.2 million USD) in federal funding through the Strategic Response Fund, administered by Innovation, Science and Economic Development Canada (ISED). The federal commitment anchors a broader CAD $893 ($642.2 million USD) million project—designated Project OPTIMISM—to construct “Inception,” a 158,000-square-foot advanced photonics research, development, and manufacturing facility in Toronto. [ Xanadu “Inception” Manufacturing Facility & Funding Architecture ] Financial Commitment & Project Scope Facility Scale & Capabilities Hardware Tooling Partners • CAD $195M Federal Strategic Response Fund • 158,000 Sq. Ft. [...]
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financialpost.com
Ottawa pumps $195 million into quantum manufacturing by Xanadu
Canada is investing $195 million in Xanadu Quantum Technologies Inc.’s manufacturing facilities to help build a quantum data centre. Read on
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channelnewsasia.com
Canada to loan quantum startup Xanadu $140 million to build manufacturing plant
Aug 28 : The Canadian government will loan C$195 million ($140.78 million) to Xanadu Quantum for setting up a plant that would make photonic components for quantum computers, in…
