How much funding can be received?

The Regional Quantum Initiative in British Columbia, part of Canada's National Quantum Strategy, aims to aid companies and not-for-profit organizations in advancing and commercializing quantum technologies. Eligible activities include productivity improvement, business scale-up, technology commercialization, ecosystem capacity building, and business acceleration and incubation. The program prioritizes clean economic growth and diversity, offering funding up to 50% for businesses and up to 90% for eligible not-for-profit organizations.

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.

grant_single_labels|projects

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.

grant_single|admissibleProjectsExample

$ 630,000

Establishing an incubation center for quantum technology startups

$ 175,000

Scaling up quantum computing services using high-performance computing infrastructure

$ 200,000

Productivity improvement by adopting quantum optimization algorithms in manufacturing

$ 300,000

Commercializing quantum-safe encryption technologies to protect digital infrastructure

$ 150,000

Showcasing quantum sensor applications in environmental monitoring

$ 472,500

Developing a quantum ecosystem through strategic business alliances and capacity building

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.

grant_eligibility_criteria|who_can_apply

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.

grant_eligibility_criteria|who_cannot_apply

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.

grant_eligibility_criteria|eligible_expenses

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.

grant_single_labels|criteria

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.

grant_single_labels|register

Here are the steps to submit an application for this grant:

Step 1: Contact PacifiCan
Reach out to PacifiCan to discuss your proposal with one of their business officers.
Step 2: Prepare Application Documentation
Ensure all funding from other sources is confirmed at the time of application, adhering to specified requirements.
Compile necessary legal and organizational documents to prove entity status.
Prepare a detailed proposal outlining your quantum technology project, its objectives, and potential impacts.
Ensure a comprehensive budget plan demonstrating eligible project costs and required funding.
Highlight how the project aligns with the objectives of the Regional Quantum Initiative and the larger National Quantum Strategy.
Step 3: Submit Application
Submit your application along with all required documentation directly to PacifiCan.
Ensure submission is completed while funding is still available, as applications are continuously accepted until funds are fully allocated.
Step 4: Await Application Review
Your application will be reviewed based on criteria such as market potential, management capability, and economic impacts.
Be prepared to provide additional information or clarification if requested by the review committee.
Step 5: Receive Funding Decision
Receive notification on the outcome of your application.
If successful, review and agree to repayment terms if applicable.

grant_single_labels|otherInfo

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.

Apply to this program

Advancing Quantum Technologies in British Columbia

The Regional Quantum Initiative, part of Canada's National Quantum Strategy delivered by PacifiCan, is focused on supporting the advancement and commercialization of quantum technologies in British Columbia. This program aims to enhance the province's role as a leader in quantum innovation while addressing both domestic and global markets.

Comprehensive Details About the Regional Quantum Initiative in B.C.

The Regional Quantum Initiative in British Columbia is a strategic effort undertaken by PacifiCan within the framework of Canada's National Quantum Strategy. This initiative, a key part of the Regional Economic Growth through Innovation program, seeks to propel the quantum technology sector forward by assisting businesses and not-for-profit organizations in the province to advance and commercialize cutting-edge quantum solutions. The primary focus areas of this initiative include quantum computing, quantum sensors, quantum communication technologies, and quantum materials—all of which represent the pinnacle of technological innovation with vast potential for societal and economic impacts.

Quantum science, which studies the manipulation and interaction of systems at the atomic and subatomic levels, holds the promise of transformative breakthroughs in various fields. This initiative recognizes the burgeoning potential of quantum technologies to revolutionize industries by offering more efficient solutions for computing, secure communications, advanced materials, and precision sensors. For instance, quantum computing could drastically enhance computational capacities far beyond traditional systems, leading to innovations in fields such as artificial intelligence, cryptography, and complex system modeling.

British Columbia, identified as one of four major Canadian hubs of quantum expertise, is positioned uniquely to leverage its research and development capabilities into commercial successes. The initiative aims to transform promising research into viable products and processes that can compete on a global stage. Moreover, projects that promote clean economic growth, environmental sustainability, and diversity are given priority, aligning with broader objectives of sustainable development and inclusive economic participation.

Eligible applicants under this initiative include B.C.-based incorporated businesses, not-for-profit organizations that support technology commercialization, and Indigenous organizations. This wide net ensures that a variety of stakeholders can contribute to and benefit from the transformative potential of quantum technologies. Funding is available to cover up to 50% of eligible project costs for businesses, with no interest repayments required, while not-for-profits can receive up to 90% non-repayable contributions for non-commercial projects.

Projects eligible for funding cover a broad spectrum of activities such as process re-engineering, market expansion, technology showcasing, and ecosystem capacity building. By facilitating these activities, the initiative supports structures that encourage innovation, collaboration, and skill development within the quantum sector.

For successful applicants, the program not only provides financial assistance but also enhances their capability to bring groundbreaking technologies to market. The evaluation process ensures that selected projects demonstrate strong market potential, management expertise, and alignment with the strategic goals of the initiative. Furthermore, this initiative contributes to the economic landscape of British Columbia by fostering job creation, revenue growth, and technological advancement.

With applications accepted on a continuous basis until the allocated funding is exhausted, the Regional Quantum Initiative represents a timely opportunity for those in the quantum technology sector to receive substantial support and drive forward the next wave of technological innovation. Engaging in this program not only helps individual companies and organizations grow but also strengthens the overall economic fabric of B.C., establishing the province as a leader in the global quantum arena.