Canada Provides $140 Million Loan to Quantum Startup Xanadu

The Canadian government has approved a $140 million loan to quantum computing firm Xanadu to fund the construction of a domestic manufacturing plant. The investment aims to strengthen Canada’s position in the emerging quantum technology sector.

28 Aug, 17:58 — 28 Aug, 17:58

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globe-and-mailHigh1h ago

Xanadu secures $195-million from Ottawa for quantum computing in Canada

Advanced photonics research, development and manufacturing facility will be built in Toronto, but rival warns much more support needed to keep domestic leaders from moving to U.S.

By Sean Silcoff

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First report: channel-news-asia · 28 Aug, 17:05|Full coverage: 3 · 58m|Window: 58m

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channel-news-asia28 Aug, 17:05First to report

Canada to loan quantum startup Xanadu $140 million to build manufacturing plant

globe-and-mail28 Aug, 17:58

Xanadu secures $195-million from Ottawa for quantum computing in Canada

investing-com28 Aug, 18:03Latest update

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Canada Provides $140 Million Loan to Quantum Startup Xanadu

Sources

Xanadu secures $195-million from Ottawa for quantum computing in Canada

Coverage Timeline

Canada to loan quantum startup Xanadu $140 million to build manufacturing plant

Xanadu secures $195-million from Ottawa for quantum computing in Canada

Canada loans $141 million to Xanadu for quantum computer plant

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