Waterloo EDC Blog

As technology becomes more powerful, security becomes more central to businesses. Whether it is cloud-based business applications, bank transfers or over-the-air updates to cars, our lives are becoming more and more hackable.

Thankfully, Waterloo’s business community is developing security solutions that make the world a safer, more secure place.

Last week, the Canadian federal government announced funding for four Waterloo-based quantum technology businesses and organizations totaling $41 million. Delivered through the Strategic Innovation Fund, this money further strengthens Canada’s position in the world of quantum computing and machine learning and further affirms Waterloo’s nickname “Quantum Valley.”

Last week, Waterloo-based cybersecurity firm eSentire announced a new $47 million investment to supercharge research and development and a relocation within the community to accommodate its rapid expansion.

Waterloo has a long-established reputation for innovation in security. Our researchers helped invent elliptic-curve cryptography, which helped keep the world secure for the last 15 years. Blackberry, a company known primarily for building the world’s most secure smartphones, was founded here. Today, Waterloo is home to more than 50 security companies committed to making the world a safer place.