Federal, Québec governments invest over $7.6 million into quantum telecom testbed
The testbed will allow businesses to experiment with quantum technologies for telecom networks.
The testbed will allow businesses to experiment with quantum technologies for telecom networks.
The IBM Quantum System One in Bromont, Québec is the first quantum computer of its type in Canada.
Investment in the region grew by 42 percent from Q1 2023, and 81 percent year-over-year.
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash.
French VC, quantum processor manufacturer choose Sherbrooke for its academic expertise, infrastructure.
Québec startups raised a cumulative $317.3 million in Q1 2023.
Bell posted an 88 percent decline in free cash flow since the first quarter of 2022.
Export Development Canada and McRock Capital co-led the round.
The provincial government also invested $14.3 million into ten incubators, accelerators.
Cleantech, FinTech, AI, and quantum sciences are getting attention.
Joint book addresses lack of accountability, transparency in AI training models.
Alberta and Québec investment increased by 89 percent and 21 percent, respectively.
The initiative secured $30 million in federal funding for the expansion.
TikTok agreed to a $2 million settlement for a Canadian class action lawsuit last year.
AAVAA’s tech allows users to control their electronic devices using their brain.