Since the demonstration of quantum supremacy by Google Quantum AI team , the level of interest and investment in quantum computing has grown significantly. Indeed, if quantum computers scale, as predicted by major providers, their market value is expected to reach between $5 billion and $10 billion in the next three to five years and up to $850 billion in the next 30 years. Moreover, governments across the globe have created national quantum strategies to boost quantum research and development. As a result, quantum technologies will impact key economic sectors such as aerospace, communication, energy, finance, logistics, and pharmaceuticals.

In 2021, the Government of Canada launched the National Quantum Strategy and committed to invest $360 million over the next seven years. The national strategy builds upon previous investments. Indeed, according to a 2017 study by the Economist, McKinsey and Co., Canada invested more than $1 billion in quantum research and science in the last decade, placing the country as 1st among G7 nations in per-capita investment on quantum science.

CMC’s strategy is to democratize access to state-of-the-art quantum hardware and software technologies to the different sectors of the Canadian quantum ecosystem. By lowering barriers to quantum technology through the advancement of quantum computation and implementation of quantum hardware, we will expand knowledge, enable applications, and contribute to economic prosperity.