Regional Quantum Initiative in British Columbia
no fixed amount
Grant, Loan
Description:
As part of the Government of Canada’s National Quantum Strategy,
PacifiCan is delivering the Regional Quantum Initiative in British Columbia (B.C.). This fund will help companies and not-for-profit organizations advance and commercialize quantum products and solutions for domestic and
global markets. Areas of focus for the initiative include:
– quantum computing
– quantum sensors
– quantum communications technology
– quantum materials
Comments on Funding:
Businesses can receive interest-free repayable funding for up to 50% of eligible costs
Eligible not-for-profit organizations can receive non-repayable funding for up to 90% of eligible costs
Eligible not-for-profit organizations proposing to undertake commercial projects will normally receive repayable funding
Stacking of government funding (from all three orders of governments) is limited to up to 50% of eligible capital costs and 75% of other eligible costs for businesses or commercial projects
March 31, 2028
Eligibility:
Applicants must be:
1. Incorporated businesses, including start-ups and early revenue firms that are commercializing or adopting quantum technologies or quantum-based solutions. Preference may be given to small and medium-sized enterprises (SMEs) with less than 500 full-time employees.
a. be a for-profit company incorporated to conduct business in Canada
b. have staffed operating facilities in B.C.
c. have funding from all other sources confirmed at time of application, including government and non-government (non-government funds must represent at least 50% of the proposed project costs)
2. Not-for-profit organizations, including those that support quantum businesses, innovators and entrepreneurs for
start-up, growth, productivity, technology commercialization, technology adoption, export and investment attraction, including:
a. post-secondary educational institutions
b. business accelerators and incubators
c. angel networks
d. Indigenous (First Nations, Inuit, Métis) organizations, including Indigenous-owned businesses and Indigenous-led not-for-profit organizations
e. groups of eligible recipients such as industry associations or consortiums.
3. All applicants must be legal entities capable of entering into legally binding agreements.
Application Steps:
Applicants must contact PacifiCan to discuss potential proposal with one of the business officers.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
Applications will be accepted on a continuous intake basis until the funding is fully allocated. Regional Quantum Initiative funding can be used for eligible initiatives until March 31, 2028.
About the author
Maurice
