SFU Receives $17 Million to Establish Quantum Algorithms Institute
(SimonFraserU) British Columbia’s provincial government will invest $17 million over the next five years to establish a new Quantum Algorithms Institute at Simon Fraser University’s Surrey campus. The institute, one of the first facilities of its kind, will focus on building quantum computing software and algorithms.
The institute will help SFU collaborate with research universities throughout B.C. to position the province as a world leader in the emerging field of quantum computing technology.
It is also expected to help SFU tap B.C.’s world-class research capabilities and globally recognized companies to develop a new graduate degree program in quantum computing.
The funding announcement is part of a larger B.C. government commitment to promote the City of Surrey as a second Lower Mainland downtown. It will also help build an innovation corridor that will bolster economic growth and ramp up employment in Surrey and the Fraser Valley.