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PASQAL, a quantum computing company, has announced a $90 million initiative over five years in Sherbrooke, Quebec. The project aims to manufacture and commercialize quantum computers, and conduct research and development in collaboration with academic and industrial partners within DistriQ, a quantum innovation zone. The goal is to establish Sherbrooke as a globally recognized quantum hub. The Government of Quebec is supporting this investment project with a $15 million CAD ($11M USD) loan for the establishment of PASQAL SAS subsidiary in DistriQ. The project is expected to create 53 permanent jobs over five years.

The Premier of Quebec, Franois Legault, officially announced the opening of Espace Quantique 1, a new era for quantum computing, on November 24. PASQAL will play a key role in this initiative, not only as a major partner of DistriQ within Espace Quantique 1, but also in the production, development of technological laboratories, training, and funding for new ventures in the quantum field.

PASQALs presence in Sherbrooke represents a significant step in the evolution of quantum computing. The company aims to actively participate in the creation of a dynamic ecosystem that will serve as a catalyst for innovation in the quantum industry, attracting talent and companies from all over the world.

In 2024, PASQAL will open a facility at the heart of DistriQ, within Espace Quantique 1, aimed at manufacturing neutral atom quantum computers and the next generation of machines. Quantum Space 1 will also provide a collaborative space of nearly 5,000 square meters dedicated to quantum innovation. It will be utilized by PASQAL as an R&D center, for prototype testing, and for business activities in Canada.

DistriQ also focuses on training talent. PASQAL announced a contribution of $500,000 to the creation of a research chair within the Department of Electrical and Computer Engineering at the University of Sherbrooke, which will also benefit from federal and/or local grants.

Quantonation, and the Quebec fund Quantacet will collaborate to fund QV Studio, that will support the transition to commercial quantum applications, creating a unique ecosystem within DistriQ for sector startups. This fund aims to invest in around fifteen Quebec-based or foreign companies, especially at the pre-seed or seed stage, that are active within the DistriQ innovation zone. It will foster the development of a strong and international quantum ecosystem.

A press release provided by Pasqal has been posted on their web site here.

November 29, 2023

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PASQAL to Receive a $15 Million CAD ($11M USD) Loan to Establish Its Canadian Subsidiary in DistriQ, a Quantum Innovation Zone in Quebec - Quantum...