The Region of Waterloo is a burgeoning centre for technology and innovation. I am so proud that our region is recognized here in Canada and around the world for its innovative services.
In April, I was pleased to join the Rt. Hon. Prime Minister Justin Trudeau and Minister of Science Hon. Kirsty Duncan to announce that Government of Canada will invest $50 million, over five years, in Waterloo’s Perimeter Institute for Theoretical Physics so that it can continue its world leading research in theoretical physics.
Perimeter Institute Founder and Board Chair, Mike Lazaridis detailed just how the coming quantum future might look.
“There is no limit to the power of the human mind to understand the universe and to use that knowledge to create and invent,” Lazaridis said.
“We see a world of high-temperature superconductors, quantum sensors, quantum computers, non-invasive medical diagnostics, and high-resolution medical imaging. We see new materials with incredible properties. We see quantum-based, unbreakable security protecting our information, communication, and financial systems. We see better batteries, and more efficient electrical motors and generators. And that is just the tip of the iceberg.”
In Budget 2016, the Government defines a new vision for Canada’s economy: to build Canada as a centre of global innovation.
This investment, in which each federal dollar will be matched by two dollars from the Institutes’ other partners, will help the centre continue its work in scientific research, training, and education outreach in foundational theoretical physics, a branch of physics that focuses on understanding the nature of our universe.