The province of Alberta says the funding will lead to “research that will help establish Alberta as a national and international hub for quantum computing and related spinoff industries.”
There have been discussions about Alberta diversifying its economy for many years and now is definitely the time.
Last week, the UCP announced an $11.8-million investment from the provincial government which will help the University of Calgary support programs designed to foster new technology-related jobs in Alberta.
The growth in the quantum technologies sector would “help attract talent to the province, create long-term jobs, and help commercialize new technologies in areas like molecular chemistry, large-scale biological research, geological exploration, space technology, and quantum satellite communications,” according to the province.
“That’s why we are investing in the U of C’s quantum technology project. Establishing Alberta as a leader in quantum technologies will give a competitive boost to our economy and create new jobs today and for the future.”
Quantum research is the key to the next generation of computers that are being developed right now. These machines can process information thousands of times faster which will change the way we look at so many things. This is an exciting step forward for helping Alberta diversify and give a competitive boost to the economy.