D-Wave to Receive $40 Million ($31.9M USD) from the Government of Canada

Canada's Strategic Innovation Fund will be providing D-Wave with $40 million for a project to develop new quantum computers hardware and software systems. The total budget for the project is $120 million ($95.6M USD) and will create up to 200 jobs including up to 10 co-op students annually. As part of this arrangement, D-Wave will be providing access to qualified members of the Canadian quantum ecosystem to encourage development. Additional details can be found in a news release from Innovation, Science and Economic Development Canada that can be seen here.

March 11, 2021