Is Québec Canada’s quantum province?

Institut Quantique
Quantacet managing partner Martin Laforest joins to discuss quantum tech’s “degrees of sexiness.”

Just before the end of the year, a new VC firm called Quantacet announced the close of a $20-million quantum fund. BetaKit didn’t cover at the time because we had our own news.

Quantacet is based in Québec and that’s important because in 2022 the province launched a Quantum Innovation Zone in Sherbrooke with some $435 million in public and private commitments.

“The quantum computer itself, the one that we would classify as sexy … has such a huge disruptive potential that we cannot really comprehend how much of an effect it’s going to have.”

Now, the federal government unveiled a $360-million national quantum strategy in January 2023, but every spear needs a tip. So is Québec our quantum province, with Sherbrooke the nation’s quantum hub?

Also, $20 million sounds like a drop in the bucket compared to some of the numbers mentioned above. How much can Quantacet achieve with a fund of that size, and what is the current state of quantum commercialization and venture returns?

And, frankly, what is quantum technology again?

To answer all of these questions (and a whole lot more) is Martin Laforest, managing partner of Quantacet and a recent board appointment to Qauntum Industry Canada.

This podcast is beefy, but Laforest lays out the state of quantum in Québec (and its level of sexiness relative to other tech) in an accessible way.

So just how sexy is quantum in Québec?

Let’s dig in.

The BetaKit Podcast is presented by Mantle: the Canadian-made, AI-powered equity management solution designed for modern founders and operators.

Say goodbye to spreadsheet headaches and hello to streamlined operations. Mantle handles everything from issuance to planning and projections, lightening your workload. Join now and enjoy your first year on us along with white-glove onboarding. Lock in an exclusive rate of $100 per month for unlimited stakeholders.

Visit to revolutionize your equity management journey with Mantle.

Subscribe via: RSS, Apple Podcasts, Spotify, Stitcher, Google Podcasts, YouTube

The BetaKit Podcast is hosted by Douglas Soltys & Rob Kenedi. Produced & edited by Kattie Laur. Feature image courtesy Institut quantique de l’Université de Sherbrooke. 

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.

0 replies on “Is Québec Canada’s quantum province?”