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Government of Canada supports Xanadu to accelerate quantum computing research and education

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Xanadu receives $3.75M CAD through the Regional Quantum Initiative to accelerate the development of quantum software for practical applications

TORONTO, Feb. 22, 2024 /PRNewswire/ – Xanadu (xanadu.ai), a world leader in photonic quantum computing, received a repayable contribution from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), to help companies advance and commercialize their quantum products. This funding, through the Regional Quantum Initiative (RQI), will accelerate the development of PennyLane, Xanadu’s open-source, cloud-based software framework for quantum machine learning, quantum chemistry, and quantum computing.

Southern Ontario is well-positioned for quantum breakthroughs because we are home to world-leading research centres and high-potential quantum companies, like the ones we are celebrating today. Businesses in this sector are creating incredible technologies and our government is providing support so they can bring them to market faster, advancing Canada’s role as a world leader in quantum technologies,” said the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario.

“With today’s announcement, our government is strengthening Canada’s position in quantum technology and helping to boost economic growth and create good jobs for Canadians. Through these investments, we will continue to build this sector and support made-in-Canada technologies that will have a major impact on industries like computing, communications, security and health care,” said Bryan May, Parliamentary Secretary to the Minister for Small Business and to the Minister responsible for FedDev Ontario.

Viable applications of quantum computers are contingent upon achieving fault-tolerant quantum computation (FTQC). Great strides have been made in the field, and to continue the development of quantum computing technologies and ensure FTQC is achieved, the future quantum workforce must be well-trained.

Since 2016, Xanadu has been on a mission to make quantum computers useful and available to people everywhere. One key for that mission is accessibility to top-tier quantum education that will help build the future quantum workforce. To support this goal, Xanadu has worked with numerous universities across Canada and the world to create custom educational programs and has established a dedicated quantum community team that runs educational events, creates free educational materials, and engages directly with the community.

As a budget commitment in 2021, the Government of Canada launched its National Quantum Strategy in January 2023, which is underpinned by three pillars: research, talent, and commercialization. FedDev Ontario is one of the regional development agencies focused on supporting high-potential quantum projects and scaling promising Canadian companies.

Through RQI, Xanadu is receiving a repayable investment of $3.75 million to accelerate its core quantum software, PennyLane. This funding will create 22 new quantum jobs, further strengthening Canada’s quantum workforce. The objectives of this project include advancing the operating infrastructure to provide a broader cloud offering, as well as increasing community support and creating more user engagement materials.

“We are thrilled to receive this FedDev Ontario support to advance our quantum technology, build a larger quantum community, and further strengthen Canada’s position as a global quantum leader,” said Christian Weedbrook, Xanadu Founder and CEO.

About Xanadu: Xanadu is a quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world’s leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit www.xanadu.ai or follow Xanadu on X @XanaduAI. Contact: press@xanadu.ai 

About PennyLane: PennyLane is an open-source software framework for quantum machine learning, quantum chemistry, and quantum computing with the ability to run on all hardware. To find out more, visit the PennyLane website (www.pennylane.ai), or check out the PennyLane demos: a gallery of hands-on quantum computing content (https://pennylane.ai/qml/demonstrations.html).

About FedDev Ontario: For 14 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our pivotal projects, our Southern Ontario Spotlight, and FedDev Ontario’s Twitter, Facebook, Instagram and LinkedIn.

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SOURCE Xanadu

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HKU holds Entrance Scholarships Award Ceremony for 2025-26

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HONG KONG, May 5, 2026 /PRNewswire/ — The University of Hong Kong (HKU) recently held the HKU Entrance Scholarships Award Ceremony to recognise the outstanding academic and non-academic achievements of students admitted to the University in the 2025-26 academic year.

Over 700 student awardees, parents, and guests attended the ceremony, which was officiated by Professor Xiang Zhang, President and Vice-Chancellor of HKU. In his welcoming remark, Professor Zhang said that the University was establishing a new AI Hub initiative to fundamentally transform the way of teaching with the integration of AI. Noting that AI development might drastically redefine education and certain professions within the next decade, he encourages students to be creative and equip themselves as future pioneers to help drive the transformation.

Benefactors of the ‘Hon Ping Entrance Scholarship for Nigerian Students,’ ‘Jardine HKU Scholarship,’ ‘Lee Shau Kee Top Athletes Scholarships,’ ‘QRT-HKU Scholarship,’ ‘Rosita King Ho Scholarship,’ ‘The Hong Kong Jockey Club Chairman’s Scholarship,’ and ‘The Hong Kong Jockey Club Striding On Scholarship,’ as well as Professor Jay Siegel, Vice-President and Pro-Vice-Chancellor (Teaching and Learning) at HKU, and Professor Ian Holliday, Registrar at HKU, were among the guests of honour who presented awards to the students.

Representatives from 11 Consulates-General, including Bangladesh, India, Indonesia, Mongolia, Myanmar, Nigeria, Pakistan, the Philippines, Turkey, Thailand, and Vietnam, attended the event to extend their warm wishes to the student awardees. Representatives from over 30 local secondary schools were also present to celebrate with their former students.

The students awarded have excelled in a variety of fields. They include 55 President’s Scholars. Other scholarships awarded include ‘The Hong Kong Jockey Club Chairman’s Scholarship,’ for students with exceptional academic achievements; the ‘Lee Shau Kee Top Athletes Scholarship,’ for outstanding young athletes admitted to HKU through the ‘Top Athletes Direct Admission Scheme’; and the ‘Belt and Road Scholarship,’ which recognises students coming from Belt and Road countries.

In addition to expressing their happiness at receiving the scholarships, the awardees also look forward to their university life and future career endeavours.

João Davi de Morais, recipient of the HKU Scholarship for Future Leaders from the Bachelor of Arts in Humanities and Digital Technologies programme, emphasised the transformative impact of the scholarship in enabling him to become the first person in his community to pursue international higher education. Raised in Brazil’s seventh-largest vulnerable community, João is a strong advocate for education for underprivileged youth. He presented his journalism work on Brazilian early childhood education at the 80th United Nations General Assembly, where he met the Brazilian Minister of Education and contributed to the announcement of new daycare centres in his home state. João hoped his story would inspire low-income youth to pursue education as a path beyond social barriers, and he remains committed to creating positive change in education as a young leader.

Awarded the HKU Undergraduate Entrance Scholarship for President’s Scholars and currently pursuing the Bachelor of Engineering Elite Programme, Aryan Sokhiya recounted his high school project developing and pitching a gamified platform to address plastic litter. This experience inspired him to see engineering as a discipline that can transform ideas into scalable, real-world impact by connecting people, ideas, and purpose. Aryan expressed his appreciation for HKU’s interdisciplinary approach to tackling technological challenges and thanked the scholarship for providing not only financial support but also opportunities for intentional personal growth.

As a recipient of the Lee Shau Kee Top Athletes Scholarship and a long-jump athlete representing Hong Kong at the 15th National Games of China and the Asian Athletics Championships, Jia Wai Yin Tiffany is now pursuing the Bachelor of Biomedical Sciences. Tiffany shared her unique educational journey as a student-athlete. She credited the perseverance and resilience developed through sports for her academic success and expressed deep gratitude to the University and scholarship for providing flexibility, guidance, and support as she continues to pursue excellence in both athletics and academics.

Naziba Sayem, recipient of the Belt and Road Scholarship from Bangladesh and a Bachelor of Science student, highlighted her mother’s resilience in battling a rare autoimmune disease as the inspiration behind her pursuit of Molecular Biology and Biotechnology at HKU. Despite financial constraints, her parents’ unwavering support for her education encouraged Naziba to remain ambitious and hopeful. As a Belt and Road Scholar, she is proud to represent her country and the spirit of the initiative. Naziba hopes to leverage her education at HKU to contribute to research in Bangladesh and inspire others to overcome challenges, pursue their dreams, and further the values of global cooperation.

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MSEED and SCOPE Global Skills University Sign Strategic Partnership to Shape the Future of Experiential Marketing Education

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MUMBAI, India and BHOPAL, India, May 5, 2026 /PRNewswire/ — Premium education institute MSEED (The Management School of Events and Experience Design) today partnered with SCOPE Global Skills University, Bhopal, to introduce a two-year MBA in Event Management and Experiential Marketing.

Besides boosting students academically, this association intends to equip them with the evolving demands of events and the experiential marketing ecosystem. Furthermore, the collaboration will be fueled by industry expertise and academic structure, helping students build a career in the fast-growing fields of events, entertainment, and experiential marketing.

At a time when experiential marketing is ‘evolving from a tactical activation to a strategic growth engine for brands’, this collaboration serves right.

Speaking on this exclusive partnership between MSEED and SCOPE, Joshua Newman, Vice-President – Marketing & Partnerships, MSEED, said, “Our focus has always been on outcomes, not just education. This partnership allows us to extend that vision by working with SCOPE Global Skills University to create a program that prepares students for real careers. From curriculum to classroom delivery and industry exposure, every aspect is designed to ensure that students graduate with confidence, clarity, and practical experience.”

The MBA program is designed to:

Provide a recognized postgraduate qualification with a specialized focusBuild practical skills through real-world projects and case studiesOffering industry interaction, mentorship, and exposureSupport students with internship and placement opportunities

Dr. Vijay Singh, Vice Chancellor of SGSU, hailed the launch as a landmark moment for the city. “This is a remarkable event not just for our university, but for the city of Bhopal. We are witnessing a paradigm shift in how specialized education is delivered in Madhya Pradesh. By launching this MBA in Event Management, we are providing our youth with a platform to master the art of execution, creativity, and management right here in their home state,” he said.

The partnership was formally cemented through the signing of an agreement between the two institutions in the esteemed presence of Mangubhai C. Patel, the current and 19th Governor of Madhya Pradesh, marking a significant milestone in the evolution of industry-integrated education in India.

For more information on events and experiential marketing, please visit our website.

Media Contacts:
For media inquiries, please contact
Tasneem Limbdiwala
tasneem@mseededucation.com 

About MSEED

MSEED, a part of EVA Group, India’s one of the largest live event companies, and backed by 200 odd industry veterans, the institute brings with it deep-rooted industry expertise and real-world insights. It is a creative business institute designed for the next generation of storytellers, strategists, producers, and brand builders. The mission is not just to prepare students for jobs, but to lead industries. 

Photo: https://mma.prnewswire.com/media/2971835/MSEED_SCOPE_Agreement.jpg

 

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ADECCO GROUP DIVIDEND 2026: ANNOUNCEMENT OF FINAL TERMS

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AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

Group press release

Scrip dividend take-up rate of 53.01%Reference share price of CHF 18.02, with an issue price of CHF 16.945,268,324 new shares to be issued

ZURICH, May 5, 2026 /PRNewswire/ — Adecco Group’s Annual General Meeting, held on April 15, 2026, offered its shareholders the option to receive the 2025 dividend in cash or in new Adecco Group shares.

The Adecco Group announces today that 53.01% of the dividend for the financial year 2025 was elected to be paid in the form of new Adecco Group AG shares, while the remaining 46.99% will be paid out in cash.

The reference share price was set at CHF 18.02, based on the daily volume-weighted average price of existing Adecco Group AG shares traded on the SIX Swiss Exchange between April 21, 2026 and May 4, 2026. The issue price of the new shares of CHF 16.94, was set at a 6.0% discount to the reference share price, resulting in a conversion ratio of 16.940.

5,268,324 new Adecco Group AG shares will be issued through a capital increase for the scrip dividend. The delivery of new shares and the total CHF 79 million cash dividend payment is planned for May 7, 2026.

Denis Machuel, Adecco Group CEO, commented:

“We are pleased with the take-up of our scrip dividend and thank our shareholders for their partnership and support of the Group’s strategy. We remain focused on ensuring an attractive and sustainable dividend policy, delivering attractive returns to our shareholders while retaining financial flexibility to invest in our competitive differentiators and prioritize deleveraging.”

Adecco Group will be reporting its first quarter results on May 13, 2026.

The Adecco Group is the world’s leading talent and technology expertise company. Our purpose is making the future work for everyone. Through our three global business units – Adecco, Akkodis and LHH – across 60 countries, we enable sustainable and lifelong employability for individuals, deliver digital and engineering solutions to power the Smart Industry transformation and empower organizations to optimize their workforces. The Adecco Group leads by example and is committed to fostering sustainable employability and supporting resilient economies and communities. The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).

For further information please contact:

Investor Relations
investor.relations@adeccogroup.com
+41 (0)44 878 88 88

Press Office
media@adeccogroup.com
+41 (0) 79 876 09 21

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SOURCE The Adecco Group

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