Regional Quantum Initiative in British Columbia
BC, Canada
Supports quantum product commercialization in British Columbia
grant_single|update January 24, 2025
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 (PacifiCan)
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
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
$ 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.
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.
