Ottawa announced a C$195 million loan (approximately $140.78 million USD) to Xanadu Quantum Technologies for a new photonics manufacturing and R&D facility in Etobicoke, Ontario. The project, called the Inception hub and part of Project OPTIMISM, represents the largest government investment in quantum technology in Canadian history, with total funding potentially reaching C$390 million. The 158,000-square-foot facility will be built inside a former Campbell’s Soup factory and is expected to create approximately 275 jobs. The first phase is targeted for completion by mid-2027, with full build-out over five years. Xanadu distinguishes itself through photonic quantum computing, which uses light particles and can theoretically operate at room temperature, unlike traditional cryogenic systems.
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