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  • Writer's pictureAndrew Pham

Zero Point Cryogenics Secures $2.67 Million in Funding to Fuel Growth

Zero Point Cryogenics is proud to announce that it has successfully secured $2.67 million CAD in non-dilutive funding to unlock the next phase of its rapid development plan. The funding comprises $1.95 million from PrairiesCan’s Regional Quantum Initiative and $723,500 from the City of Edmonton’s Edge Fund. This financial support marks a pivotal milestone in our mission to advance and scale our quantum-enabling cryogenic technology. This funding will be used to strengthen our market presence in North America and emerging quantum markets. The funding will help accelerate our research and development efforts, expand our team, and drive our global sales efforts.

Zero Point Cryogenics' Team
Zero Point Cryogenics' growing team at its Edmonton facility

“We are thrilled to be among those companies building quantum and quantum-enabling technology in Alberta. Both the city of Edmonton and Alberta are great places to grow a quantum technology company thanks to the skilled talent pipeline developed in institutions like the University of Alberta and the Northern Alberta Institute of Technology (NAIT). This funding solidifies the support for ZPC at municipal, provincial, and federal levels of government.” -Chris Cassin, CEO of Zero Point Cryogenics

Prairies Economic Development Canada’s Regional Quantum Initiative

Zero Point Cryogenics is honoured to announce that it has been selected to receive funding from Prairies Economic Development Canada (PrairiesCan). ZPC will receive funds amounting to $1.95 million. The PrairiesCan funding stems from Canada’s National Quantum Strategy’s Regional Quantum Initiative, aimed at advancing the commercialization of quantum products and solutions for domestic and global markets.

The funding from PrairiesCan will enable ZPC to enhance research and development efforts, scale our operations, and accelerate the commercialization of our dilution refrigerator technology. This support not only validates our work in cryogenics but also provides the financial backing needed to explore new applications and markets. The investment underscores the importance of collaboration between Canada’s government and innovative companies like ZPC to drive economic growth and technological progress.

Edmonton Edge Fund Showcase at the Art Gallery of Alberta

On June 11, 2024, ZPC was featured at the official Edmonton Edge Fund Showcase Event at the Art Gallery of Alberta. Representing Zero Point Cryogenics were ZPC's CEO, Chris Cassin, Technical Sales Associate, Eric Daigle, and CAD Designer, Sophia Reyes. This event marked a significant moment for Edmonton’s innovation ecosystem, emphasizing the city's commitment to supporting groundbreaking technological advancements. The Edmonton Edge Fund is a strategic initiative by the City of Edmonton designed to address funding gaps for innovators and entrepreneurs. By allocating $5 million in Phase 1, the Edge Fund aims to facilitate businesses' start, scale, and growth, thereby driving economic growth and creating new job opportunities in the city’s region​​.

From left to right, Eric Daigle, Maria Sophia Reyes, and Christopher Cassin at the Edmonton Edge Fund Showcase Event with Mayor Amarjeet Sohi

During the event, Mayor Amarjeet Sohi, along with Edmonton City Councillors, industry, and ecosystem partners shared insights into the importance and potential of these funds and funding recipients. The discussions highlighted how strategic technological investments can spur economic development and further position Edmonton as a hub for innovation.

Chris Cassin at the Edmonton Edge Fund Showcase Event with Mayor Amarjeet Sohi

The support from the Edge Fund is a significant endorsement of ZPC's capabilities and potential to contribute to the local and global technological landscape. This funding helps us kickstart our vision of creating a quantum hub in Edmonton that will drive innovation, support cutting-edge research and development, and attract top global talent.

Economic Growth and Job Creation

The infusion of $2.67 million from PrairiesCan and the Edmonton Edge Fund will help Zero Point Cryogenics (ZPC) scale and grow. This funding will enable ZPC to expand our workforce, adding numerous highly skilled jobs that will drive economic growth. ZPC’s plan to invest in strategic marketing will enhance our brand visibility and market reach, attracting new clients and partnerships on an international scale. This increased exposure will further position ZPC as a leader in quantum-enabling cryogenics. The economic benefits of the funding will extend upstream and downstream, stimulating local suppliers and manufacturers while advancing Canada's quantum technology landscape through our innovative cryogenic solutions.

“It’s an exciting time at ZPC and we are grateful for the support shown to us by the city of Edmonton and the province of Alberta in achieving our growth initiatives.” - Elise Usunier, CCO of Zero Point Cryogenics

About Zero Point Cryogenics:

Zero Point Cryogenics manufactures cryogenic equipment called dilution refrigerators, which are the primary low-temperature platform enabling quantum computing. The company is focused on designing robust and reliable dilution refrigerators to enable quantum technology research and innovation. ZPC is the only manufacturer of its kind in Canada and one of the few manufacturers of this technology in the world. The company is actively bridging the gap between customized and commercially scalable solutions, creating flexibility for quantum research and innovation while having the depth to scale. At Zero Point Cryogenics, we improve and iterate our designs based on customer optimization and are driven to build a product that stays colder for longer.

Contact our dedicated experts to discuss your cryogenic needs and visit our website to learn more at


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