Photonics Engineer - Experimentalist

Xanadu has secured up to $10 million in additional funding from the Defense Advanced Research Projects Agency (DARPA) to speed up its quantum research and development roadmap. The continued investment reinforces the company's progress toward fault-tolerant, utility-scale photonic quantum computing.

Simply Wall St has picked three Canadian founder-led stocks to watch as central bankers signal interest rates may stay higher for longer. It argues that leaders with much of their own wealth at stake may suit a costly-money environment. Aritzia (TSX:ATZ) designs and sells women's apparel, with revenue of CA$4.35 billion and a market value of CA$17.02 billion. It plans to grow from more than 80 US stores to at least 180 to 200 boutiques, which raises its fixed costs. Xanadu Quantum Technologies (TSX:XNDU) builds photonic quantum hardware and Pennylane cloud software. It has about $7 million in computer services revenue, no profit, and a market value of roughly $1.44 billion. Southern Cross Gold Consolidated is valued at about CA$2.67 billion. It is drilling its wholly owned Sunday Creek gold and antimony project in Victoria.

Founder and CEO of Xanadu Quantum Technologies named EY Entrepreneur Of The Year(R) 2026 Ontario. Oct 16, 2026, 09:41 ET Christian Weedbrook recognized for advancing Canada's leadership in quantum computing and building technologies designed to solve some of the world's most complex challenges TORONTO, Oct. 16, 2026 /CNW/ - Traditional territories of the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee and the Wendat peoples - Christian Weedbrook, Founder and CEO of Xanadu Quantum Technologies (TSX: XNDU), a Canadian company focused on making quantum technology useful and accessible to people everywhere, has been named the EY Entrepreneur Of The Year 2026 Ontario Overall Award winner by an independent judging panel. He was recognized at last night's celebration in Toronto alongside 11 regional winners, a Special Citation recipient and the 2026 Family Business Award of Excellence Award recipients. "Christian has taken a highly complex scientific concept and turned it into a business that's transforming industries," shares Zach Pendley, EY Entrepreneur Of The Year Ontario Program Co-Director. "His vision, perseverance and commitment to innovation have helped establish Xanadu as a global leader in quantum computing while demonstrating Canada's ability to compete and lead in this rapidly evolving field." Founded in 2016, Xanadu is developing a new kind of powerful computer that uses light to tackle problems beyond the reach of today's most powerful supercomputers. Under Weedbrook's leadership, the Toronto-based company has transformed breakthrough research into a commercial platform spanning hardware, software and advanced manufacturing, with applications across drug discovery, climate modelling, EV battery development and artificial intelligence. What began as an ambitious vision to make quantum computing practical and accessible has evolved into a company of more than 250 people, driving advancements through innovations such as its Aurora quantum computer and widely adopted PennyLane software platform. By investing in Canadian manufacturing, creating highly skilled jobs and helping strengthen Canada's quantum ecosystem, Weedbrook's impact extends beyond the company. At a time when countries around the world are competing to lead the next generation of technological innovation, he is strengthening Canada's position in one of the world's most important emerging industries. Through Xanadu's work, technologies with the potential to accelerate scientific discovery, improve sustainability and unlock new economic opportunities are moving closer to reality, reinforcing Canada's role in shaping the future of computing. "What sets Christian apart is his ability to pair world-class scientific ambition with a drive to build long-term impact," says Brittany Keenan, EY Entrepreneur Of The Year Ontario Program Co-Director. "He isn't just building breakthrough technology, he's helping create an ecosystem that attracts talent to Ontario, fuels innovation and strengthens Canada's long-term competitiveness on the global stage." Dan Park and Stephen Seibel | Clutch (Marketplaces and Digital Platforms) Kim Sibley, John van Logtenstein and Mike van Logtenstein | Dairy Lane Systems (Manufacturing) Jayme Jenkins and Jessica Stevenson | Everist (Sustainability Leader) Hugo Hodgett | H2 Analytics (Critical Infrastructure and Systems) Zechariah Thomas | Swift Hockey (Market Disruptor) Elizabeth Goldspink | Wellex (Health and Life Sciences) James Yurichuk | Wuxly (Product Innovator) EY Entrepreneur Of The Year 2026 Ontario Special Citation recipient: EY Entrepreneur Of The Year 2026 Family Business Award of Excellence recipients: What's next? As the Ontario region's EY Entrepreneur Of The Year 2026, Christian will compete with winners from the Pacific, Prairies and Eastern regions for the national title of Canada's EY Entrepreneur Of The Year 2026. The national award will be presented at a celebration on November 24, 2026, in Toronto. Canada's winner will then advance to the global stage in 2027 to compete with more than 50 other country recipients for the title of EY World Entrepreneur Of The Year(TM) hosted in Monaco. More information Follow @EYCanada and #EOYOntario on social for the latest event updates. Visit ey.com/ca/EOY for more program details and a complete list of finalists and winners. About EY Entrepreneur Of The Year(R) The EY Entrepreneur Of The Year program shines a spotlight on entrepreneurs across Canada who master the artful balance of passion, determination, character and skill to create businesses that address the most complex challenges and build a better working world. By joining the program, you'll have the opportunity to celebrate success with your team, inspire the next generation of entrepreneurs and gain access to an exclusive global network of program participants that help to build connections, fuel success and navigate long-term growth. The 2026 Ontario independent judging panel comprises Len Anderson, CEO, Renaissance Repair and Supply; Kathy Cheng, President, Redwood Classics Apparel; Karen Greve Young, CEO, Futurpreneur; Judith Ma, Director, Private Equity, OMERS; Nicolas Mulroney, Co-Founder, Chairman, CEO and President, Bond Bakery Brands Limited; and Adrian Rocca, Founder and CEO, Fitzrovia. This year's national program sponsors are Air Canada, TSX Inc., The Globe and Mail and The Printing House. The Ontario regional program sponsors are DLA Piper and Vaco. EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. 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