Alberta government to invest $23 million for quantum hub at University of Calgary

Emissions Reduction Alberta commits $50 million for challenge focused on transitioning to low-emissions economy

The hub is aimed at developing Alberta’s quantum sector.

The Alberta government is doling out $23 million for the development of a quantum hub at the University of Calgary (UCalgary).

In partnership with the University of Alberta and the University of Lethbridge, Quantum City is expected to help fill tech talent roles in the province, as well as provide support in accelerating the development and application of Alberta-grown quantum technologies.

“With Quantum City, we’re starting something big. This science will change everything. From nanotechnology and artificial intelligence — to quantum internet and biomedical engineering – UCalgary is establishing our city as a global leader in the quantum revolution,” said Ed McCauley, president and vice-chancellor at UCalgary.

Plans for establishing Quantum City were initially announced last year, naming Bangalore-based IT services and consulting company Mphasis as one its partners. At that time, Mphasis said it will be the hub’s anchor tenant and will work to draw in other quantum tech companies.

Mphasis opened its Canadian headquarters in Calgary on Tuesday, with the goal to create up to 1,000 jobs.

This latest investment is part of the $73 million Alberta Technology and Innovation Strategy (ATIS), which the provincial government launched as part of Budget 2022 to scale Alberta tech and produce more employment opportunities in the sector. Through ATIS, Alberta aims to create 20,000 new jobs in the province and help Alberta tech companies generate $5 billion more in annual revenue by 2030.

Out of the $73 million, $30 million has already been allocated to artificial intelligence (AI) over the next three years. Most recently, the Alberta government also announced plans to create an internal AI lab that will be powered by software company AltaML.

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Photo by Thiago Terleski on Unsplash

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Author: George Holt