The University of Waterloo is going to receive $76 million in federal funding for quantum research.

Transformative Quantum Technologies will receive $76.3 million through the Canada First Research Excellence Fund. David Cory,is the Canada Excellence Research Chair in Quantum Information Processing at Waterloo's Institute for Quantum Computing. He'll head up the research, which will develop a universal quantum processor, quantum sensors and long-distance quantum communications.

2nd from left, Mike Laziridis, Dr. David Cory, Minsiter Kirsty Duncan and UW prez Feridun Hamdullahpur. <a href="https://t.co/HYsMz0ZLnm">pic.twitter.com/HYsMz0ZLnm</a> —@ty_bero

"Quantum devices have the potential to change the world. We would like to see this happen," Cory said during Tuesday's funding announcement at the school.

The University of Waterloo had to apply for the funding, president and vice chancellor Feridun Hamdullahpur said, and 51 institutions across the country put forward proposals. In total, 13 projects will share $900 million in funding.

"This is nation building,...and Canada's universities are proud to play our part" - Feridun Hamdullahpur, president and VC of <a href="https://twitter.com/UWaterloo">@UWaterloo</a> —@ty_bero

"We knew that our proposal would establish Canada's undisputed leadership in quantum research," Hamdullahpur said. "It is clear to me now that this current government values fundamental research."

Water project also given funds

A second project receiving funding and that involves researchers from across the country, including the University of Waterloo and Wilfrid Laurier University, is Global Water Futures.

That project is led by the University of Saskatchewan and will receive $77 million, $15 million of which will go to the University of Waterloo's Water Institute, led by Philippe Van Cappellen, the Canada Excellence Research Chair in Ecohydrology. The goal of that project is to bring together research on water resources, aquatic ecosystems, climate and land use change to address the threats and opportunities in the availability and quality of water in Canada and in cold regions around the world.

.<a href="https://twitter.com/ScienceMin">@ScienceMin</a> sees a demonstration of Quantum Levivitation and other <a href="https://twitter.com/QuantumIQC">@QuantumIQC</a> research <a href="https://twitter.com/hashtag/CFREF?src=hash">#CFREF</a> <a href="https://t.co/58XFFjecl2">pic.twitter.com/58XFFjecl2</a> —@UWaterloo

"Canada urgently needs a coordinated, research-driven approach to manage and sustain our vast freshwater resources, and with this support, we're going to be better able to adapt to the new climate normal," Van Cappellen said in a release after the announcement.

Jennifer Baltzer, associate professor in the department of biology at Laurier and the Canada Research Chair in Forests and Global Change, said the partnership allows researchers and students to work alongside government partners.

"The scale of this collaboration and support will allow Laurier researchers to bring our extensive network of living laboratories across the Northwest Territories to bear on addressing solutions to water futures in the North," Baltzer said.

"The resulting cross-cutting, integrative research will foster solutions to the pressing issues that communities, industry and governments are experiencing surrounding water security in the face of global change."