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
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 [...] The post Canada Commits CAD $195M ($140.2 M USD) to Xanadu for $893M ($642.2M USD) “Inception” Quantum Manufacturing Facility appeared first on Quantum Computing Report .