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Government of Canada

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Xanadu locks in C$195m federal support for C$893m quantum manufacturing push

Xanadu Quantum Technologies has formalised C$195 million of Canadian federal backing for the C$893.4 million Project OPTIMISM manufacturing program, including a new 158,000-square-foot Toronto photonics facility. The agreement materially reduces the capital burden, but securities filings show the government contribution is conditionally repayable rather than a conventional grant.