Canada to loan quantum startup Xanadu $140 million to build manufacturing plant
The repayable financing will support a 158,000-square-foot facility expected to create 275 jobs and expand Canada’s photonic quantum hardware production.
- On Friday, August 28, 2026, the federal government announced a $195 million loan to Toronto-based Xanadu Quantum Technologies to establish Inception, an advanced photonics research and manufacturing facility in Toronto.
- Situated in a former Campbell's soup plant in Etobicoke, the 158,000-square-foot facility enables Xanadu to manufacture photonic chips in-house rather than relying on third-party foundries in other countries.
- The $195 million federal funding covers half of the up to $390 million Xanadu sought; the full $893 million project will create 275 high-skilled jobs, CEO Christian Weedbrook told Reuters.
- Digital Innovation Minister Evan Solomon stated the investment advances Canada's National Quantum Strategy, strengthening domestic capacity in critical quantum technologies and ensuring Canada remains a global leader in innovation.
- Xanadu anticipates using Inception early next year to power future quantum data centres by 2029, a milestone Weedbrook described as turning "soup cans to qubits" for Canada's technological future.
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The AI Journal
NewswireGovernment of Canada invests in Xanadu to build up advanced quantum manufacturing in Canada
Investment will establish advanced manufacturing capabilities and create high-quality jobs in Canada TORONTO, Aug. 28, 2026 /CNW/ — Today, the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario, announced a federal investment of $195 million, through the Strategic Response Fund, in …
“From soup to qubits”: Xanadu to open advanced photonics hub in old Campbell’s factory
Quantum computing firm Xanadu announced today that it is opening an advanced photonics research, development, and manufacturing hub in Toronto with financial support from the Government of Canada. Toronto-based Xanadu has inked a definitive agreement for the feds to loan it $195 million CAD in funding—half of the up to $390 million the company has been seeking from the federal and Ontario governments as part of Project OPTIMISM—to establish and …
Simcoe.com
Government of Canada Invests CAD $195 Million in Xanadu to Build the Quantum Supply Chain
Federal commitment through the Strategic Response Fund for Project OPTIMISM anchors Xanadu's plan to manufacture the components of fault-tolerant utility-scale quantum computers in Canada.
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