By Shradhha Sharma

The 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.

The innovation corridor is an emerging government priority and will be developed in consultation with local government, businesses, First Nations and other partners. B.C. is taking the first step in this direction by establishing the Quantum Algorithms Institute.

Making the announcement at SFU’s Surrey campus, B.C. Premier John Horgan said, “Creating an innovation corridor in Surrey and up the Fraser Valley will create good jobs, attract talent, reduce commute times and raise the standard of living.

“Working with our partners, we will create an innovation hub where companies and talent will cluster, supporting our goal of a strong, sustainable economy that benefits the entire province.”

Horgan was accompanied by Bruce Ralston, minister of jobs, trade and technology, Surrey Mayor Doug McCallum, SFU President and Vice-Chancellor Andrew Petter and Anita Huberman, CEO, Surrey Board of Trade.