How much funding can be received?

Funds up to 50% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Regional Quantum Initiative in British Columbia?

Regional Quantum Initiative in British Columbia is funded by Government of Canada, Pacific Economic Development Canada (PacifiCan)

What are Regional Quantum Initiative in British Columbia's eligibility criterias?

The applicant must be a for-profit company incorporated to conduct business in Canada. The applicant must have staffed operating facilities in British Columbia. The applicant must have funding from all other sources confirmed at the time of application, and non-government funds must represent at least 50% of the proposed project costs.

Regional Quantum Initiative in British Columbia

grant_single|update January 24, 2025

BC, Canada

Supports quantum product commercialization in British Columbia

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Grant and Funding

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Manufacturing
Information and cultural industries
Professional, scientific and technical services
Educational services

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Government of Canada
Pacific Economic Development Canada (PacifiCan)

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The Regional Quantum Initiative in British Columbia, part of Canada's National Quantum Strategy, offers interest-free repayable funding for businesses up to 50% of eligible costs and non-repayable funding for not-for-profits up to 90% of eligible costs, aiming to advance and commercialize quantum technologies such as computing and communications. Eligible activities include productivity improvement, business scale-up, technology commercialization, ecosystem capacity building, and business acceleration and incubation.

grant_single_labels|terms_and_conditions

The Regional Quantum Initiative in British Columbia provides specific financing modalities designed to support the growth and commercialization of quantum technologies by eligible businesses and organizations. The funding is structured to accommodate both for-profit and not-for-profit entities under clearly defined terms.

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.
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.
Repayable funding includes a grace period of one year post-project completion, followed by equal monthly repayments over five years, without interest or collateral requirements, and allows for early repayment without penalty.
Non-commercial projects by not-for-profit organizations may receive contributions that are non-repayable.

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This initiative supports various activities that aim to advance quantum technologies and their commercialization. Eligible projects focus on productivity enhancement, business expansion, technological development, and ecosystem growth.

Productivity improvement through technology adoption and process re-engineering.
Business scale-up via market development and adoption of best practices.
Technology commercialization involving late stage product development and market diversification.
Ecosystem capacity building through strategic alliances and barrier analysis.
Business acceleration and incubation including advice on business planning and technology advancement.

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$ 630,000

Establishing an incubation center for quantum technology startups

$ 300,000

Commercializing quantum-safe encryption technologies to protect digital infrastructure

$ 472,500

Developing a quantum ecosystem through strategic business alliances and capacity building

$ 175,000

Scaling up quantum computing services using high-performance computing infrastructure

$ 200,000

Productivity improvement by adopting quantum optimization algorithms in manufacturing

$ 150,000

Showcasing quantum sensor applications in environmental monitoring

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile and location.

The applicant must be a for-profit company incorporated to conduct business in Canada.
The applicant must have staffed operating facilities in British Columbia (B.C.).
Funding from all other sources must be confirmed at the time of application, including government and non-government, with non-government funds representing at least 50% of the proposed project costs.
Preference may be given to small and medium-sized enterprises (SMEs) with less than 500 full-time employees.

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Eligible applicants for the Regional Quantum Initiative in British Columbia include incorporated businesses and not-for-profit organizations involved in quantum technology commercialization. Priority may be given to small and medium-sized enterprises (SMEs) in B.C. with less than 500 employees. For-profit companies must be incorporated in Canada with staffed facilities in B.C., and have non-government funding covering at least 50% of project costs. Eligible not-for-profits include post-secondary institutions, business accelerators, incubators, Indigenous organizations, and industry associations. All applicants must be capable of legally binding agreements.

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There are currently no explicit restrictions provided on the types of companies or industries that cannot apply for this grant. Eligible applicants are expected to comply with specified criteria, but the documentation does not detail specific exclusions based on industry or company status.

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The eligible projects under this grant focus on advancing the quantum technology ecosystem in British Columbia, enhancing productivity, and commercializing innovations. These projects aim to build capacity, scale businesses, and foster strategic alliances within the quantum sector.

Acquiring, adapting, and adopting new quantum technologies and processes to improve productivity.
Re-engineering processes to enhance efficiency and scaling up manufacturing capacity.
Developing or expanding domestic and international markets for quantum technologies.
Adopting best management practices to improve business operations.
Growing and diversifying markets through late-stage product development (TRL 7-9).
Showcasing and demonstrating technologies at advanced development stages.
Building ecosystem capacity by forming strategic business alliances within sectors or clusters.
Identifying and addressing barriers to business and productivity growth in the quantum sector.
Accelerating business growth through advising on business plans, marketing strategies, and technological advancements.

grant_eligibility_criteria|zone

This grant is specifically available to companies located within British Columbia, as determined by the funding body's regional focus. Eligibility is aligned with areas that contribute to the advancement of quantum technologies in this region.

Companies operating within the province of British Columbia, Canada.

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Applications for projects under the Regional Quantum Initiative will be evaluated based on their potential to further the initiative’s goals of advancing and commercializing quantum technologies in Canada.

Ability to achieve the Regional Quantum Initiative objectives.
Market potential for the quantum products or solutions proposed.
Management capability of the applicant organization.
Financial capacity to sustain and complete the project.
Economic impacts such as job creation, revenue growth, and export sales growth.
Technology readiness, specifically for technology commercialization projects.
Alignment with regional priorities.

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Here are additional relevant details for this grant:

The initiative offers interest-free repayable funding for eligible businesses, with non-repayable options available for certain not-for-profit projects.
Successful applicants will have a 1-year grace period post-project completion before beginning repayment over a 5-year term, interest-free.
Non-repayable contributions are possible for not-for-profit organizations conducting non-commercial projects.
Stacking of government funding is limited, ensuring that incentives do not exceed set thresholds for overall project aid.