Regional Quantum Initiative in British Columbia
BC, Canada
The Regional Quantum Initiative in British Columbia supports the advancement and commercialization of quantum technologies through targeted funding for eligible businesses and not-for-profits.
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services
grant_single|grantors
- Government of Canada
- Pacific Economic Development Canada
grant_single|status
grant_card_status|open
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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|projects
This grant is available to companies located in specific geographical areas determined by the funding body. The eligible locations are targeted to ensure alignment with regional development goals.
- Businesses that have staffed operating facilities in British Columbia (B.C.), Canada.
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
The grant covers incremental costs that are essential to the project, specifically those related to its execution and success.
- Cost of labour, including wages and benefits.
- Capital costs, such as the purchase of machinery or equipment.
- Operating costs directly related to the project, such as management fees or working capital.
- Consultancy fees for professional, advisory, or technical services.
- Costs related to intellectual property protection.
- Preproduction costs, including technological development and commercial demonstrations.
- Subcontracting costs.
- Production and distribution of promotional material and management tools.
- Anticipated costs of maintaining the useful life of an asset for a reasonable period.
- Costs related to specialized services, such as testing services, research and development services, technical or innovation services, sector development strategies in all markets, and business networking.
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.
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.
