How long will Canada’s lead in quantum computing hold up?

Written By Anusha Bose

Via The Peak

Toronto, ON

June 21, 2024

Canada is still a leader in quantum computing, holding 5% of global talent despite representing only 0.5% of the world’s population. Early successes from companies like D-Wave and Xanadu have established Canada at the forefront of this sector. To maintain this competitive edge, the government’s National Quantum Strategy (which includes a $169 million investment in Quantum technologies) aims to boost commercialization of homegrown technology. With the quantum market projected to reach $180 billion by 2040, a focus on further enhancing support and creating a comprehensive strategy will help Canada stay ahead amid increasing global investments.

Anusha Bose
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