Xanadu to receive up to $23M from new Canadian Quantum Champions Program
Crane Harbor Acquisition Corp. - Class A Ordinary Shares (CHAC)
Company Research
Source: GlobeNewswire
TORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced that it has been selected to participate in the Canadian Quantum Champions Program (CQCP), a new, first-of-its-kind federal initiative designed to accelerate the development of fault-tolerant quantum computing capabilities in Canada and anchor the country’s quantum leadership for the long term. Led by Innovation, Science and Economic Development Canada (ISED), with technical due diligence undertaken by the National Research Council of Canada (NRC), the CQCP is a three-phase, merit-based funding program. Phase 1, which begins the technical validation and benchmarking process, is launching now, with subsequent phases currently under development. As part of Phase 1, Xanadu will receive up to CAD $23 million in funding from ISED to support its ongoing mission to build quantum computers that are useful and available to people everywhere.
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- Xanadu Pioneers the Use of Quantum Computers in Photodynamic Cancer Therapy ResearchGlobeNewswire
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- Xanadu Quantum Technologies and Crane Harbor Acquisition Corp. Announce Confidential Submission of a Draft Registration Statement on Form F-4 in Connection with the Proposed Business CombinationGlobeNewswire
- Xanadu Advances to Stage B of DARPA’s Quantum Benchmarking Initiative, Securing up to $15 Million in FundingGlobeNewswire
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