Four Waterloo projects receive $41 Million for Quantum, AI, Machine Learning

“Minister of Innovation, Science and Economic Development (ISED), Navdeep Bains, today announced a $41 million CAD investment in four Waterloo organizations working on developing cutting-edge projects using quantum, artificial intelligence, and machine learning technologies.

Not-for-profit, Quantum Valley Ideas Lab, as well as Cognitive Systems, ISARA Corp., and High Q Technologies will all receive a share of the $41 million to help fund their respective technologies. The funding is being made through FedDev Ontario, as part of the Strategic Innovation Fund, to help support the four organizations’ respective projects, with total project costs totaling $101.8 million, according to ISED.”