| Address |
560 Westmount Road North Waterloo, N2L 0A9 Canada |
|
| Address type | Registered Office Address | |
| Address province | Ontario |
| Corporation ID | 9685995 | |
| Business number | 777087321 | |
| Status | Active | |
| ACT | Canada Not-for-profit Corporations Act | |
| Anniversary date | 03/28/2016 | |
| Last annual filing | 2026 | |
| Data verified | 10/31/2026 |
Location: Statistics Canada, Open Database of Addresses (Open Government Licence – Canada).
| Name | Effective date | Type | Current |
|---|---|---|---|
| Quantum Valley Ideas Laboratories | 03/28/2016 | Corporate Name | true |
last updated: 2026-10-30
| Designation | Charitable organization |
| Category | Research |
| Charity registration number | 777087321RR0001 |
| Fiscal period end | 07/31/2024 |
| Full-time employees | 36 |
| Total revenue | $11,596,522 |
| Government funding | $5,359,887 |
| Total expenditures | $11,143,070 |
| Charitable programs | $7,271,750 |
| Management and administration | $3,871,320 |
| Total compensation | $4,711,328 |
| Total assets | $8,763,552 |
| Total liabilities | $3,932,692 |
Charitable programs: TO ADVANCE EDUCATION BY UNDERTAKING RESEARCH IN THE AREA OF QUANTUM INFORMATION SCIENCE AND DEVELOPING TECHNOLOGIES WITH APPLICATION FOR SOCIETAL BENEFIT. TO RECEIVE AND MAINTAIN A FUND OR FUNDS AND APPLY ALL OR PART OF PRINCIPAL AND INCOME THEREFROM FROM TIME TO TIME TO QUALIFIED DONEES AS DEFINED IN SUBSECTION 149.1(1) OF THE INCOME TAX ACT(CANADA) THAT HAVE CHARITABLE PURPOSES UNDER CANADIAN LAW.
Source: Canada Revenue Agency, registered charity information return (T3010) for the fiscal period ending 07/31/2024. Contains information licensed under the Open Government Licence – Canada.
4 federal grants and contributions between 2021 and 2026 with a total value of $10,577,751.
| Start date | Department and program | Value |
|---|---|---|
| 01/01/2026 |
Federal Economic Development Agency for Southern Ontario Regional Defence Investment Initiative (RDII) (contribution) 1019254 To support the development and future commercialization of quantum computing-based applications within the defence sector. |
$8,000,000 |
| 12/16/2025 |
National Research Council Canada Collaborative Science, Technology and Innovation Program - Collaborative R&D Initiatives (grant) A Two-Photon Cesium Optical Clock Despite their unmatched precision, modern laboratory optical clocks like the strontium lattice clock are unlikely to become portable in the near future. Many important applications, e.g., radar, communications, and navigation, require fieldable devices with volumes of <50 liters and fractional... |
$411,266 |
| 01/15/2023 |
National Research Council Canada Collaborative Science, Technology and Innovation Program - Collaborative R&D Initiatives (contribution) Rydberg atom sensors for space applications The main objective of the project is to develop Rydberg atom-based radio frequency (RF) sensors for applications in space. The initial studies show that Rydberg atom-based sensors are poised to outperform classical technology in almost all relevant metrics. The project team will perform feasibility... |
$999,995 |
| 11/01/2021 |
National Research Council Canada Collaborative Science, Technology and Innovation Program - Collaborative R&D Initiatives (contribution) Metrology Measurements for Rydberg Atom-Based Electric Field Sensing The objective of the Project is to move Rydberg atom-based electric field sensing towards becoming a primary standard for radio frequency (RF) power in the MHz-THz frequency range. The Project will consist of three main components. First, QVIL and NRC will investigate three different electric field... |
$1,166,490 |
Source: Government of Canada, proactive disclosure of grants and contributions. Contains information licensed under the Open Government Licence – Canada.
4 federal government contracts over $10,000 between 2020 and 2026 with a total value of $5,005,960. Main clients: National Defence, Innovation, Science and Economic Development Canada.
| Contract date | Department and description | Value |
|---|---|---|
| 09/09/2026 until 09/10/2027 |
Innovation, Science and Economic Development Canada Research contracts (specify) |
$2,333,666 |
| 01/15/2024 until 10/30/2025 |
Innovation, Science and Economic Development Canada Research contracts |
$1,293,916 |
| 10/22/2021 until 10/31/2022 |
National Defence Engineering consultants-Other |
$1,148,408 |
| 06/09/2020 until 01/13/2021 |
National Defence Engineering consultants-Other |
$229,970 |
Source: Government of Canada, proactive publication of contracts over $10,000. Contains information licensed under the Open Government Licence – Canada.
| Date | Type | Section |
|---|---|---|
| 01/27/2020 | Financial Statement | 0 |
| 03/28/2016 | Incorporation |