BTQ Technologies Announces Funding from National Research Council of Canada Industrial Research Assistance Program (NRC IRAP)

Core Insights - BTQ Technologies Corp. is set to receive funding of up to $150,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support its research and development project focused on secure quantum random number generation (QRNG) [5][6] - The project aims to develop distributed consensus algorithms for QRNG, which is essential for cryptography and various critical industries such as blockchain, telecommunications, and finance [1][6] - BTQ plans to pursue additional research and development funding and collaborations to enhance its presence in Canada's quantum and cybersecurity ecosystems [2] Company Overview - BTQ Technologies Corp. is a global quantum technology company that focuses on securing mission-critical networks and was founded by experts in post-quantum security [8] - The company has a strong technology portfolio and commercialization platform aimed at addressing security threats posed by large-scale quantum computers [8] - Olivier Roussy-Newton, the CEO and Chairman, expressed satisfaction with the support from NRC IRAP, highlighting the company's commitment to building its presence in the quantum ecosystem [7]