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New Quantum Ecosystem Report from the Quantum Algorithms Institute Provides Insights into Canada’s Growing Quantum Sector

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The Canadian Quantum Ecosystem Report 2024 outlines how Canada’s quantum industry is growing and how it compares to other jurisdictions around the world

SURREY, BC, June 20, 2024 /CNW/ – Today the Quantum Algorithms Institute released The Canadian Quantum Ecosystem Report 2024, a real-time analysis of Canada’s quantum ecosystem which dives into the rapidly growing and changing quantum landscape.

With accurate data on the world’s quantum workforce remaining scarce due to the sector’s infancy and the lack of national data collection benchmarks in other countries around the world, this report offers a unique view into how Canada’s quantum sector is maintaining its position as a global leader in quantum research and the commercialization of quantum technologies.

“The most striking feature of the quantum sector in Canada and around the world is the shortage of quantum talent which threatens to slow progress to multi-billion-dollar market opportunities,” said Louise Turner, Chief Executive Officer of the Quantum Algorithms Institute. “Canada is in a leadership position in quantum: building on decades of world-class quantum research, our quantum workforce is strong and growing and we’re one of the world’s leaders in commercializing quantum computing, hardware and software”

Some of the highlights from the Quantum Algorithms Institute’s 2024 Quantum Ecosystem Report include:

International Competition is driving a Rapidly Changing Sector

Companies, investments, national strategies and sovereign technologies are all areas of focus as countries continue to fund growth. Despite financial tightening, private equity investments in quantum startups still reached $1.71 billion in 2023. The second largest private investment globally in 2023 – US$100M – was made in Canadian start-up Photonic Inc.1

Lack of Workforce Data: QAI is Filling the Gap

Accurate data on Canada’s quantum labour market remains scarce due to the sector’s infancy and the lack of national data collection benchmarks. Internationally, workforce data is similarly elusive, although available information suggest that the global talent pool for quantum is proportionately similar to or smaller than that in Canada. The Quantum Algorithms Institute is innovating to build an accurate picture of Canada’s quantum ecosystem and its status in the world.

Small Quantum Workforce – in Canada and Around the World

QAI estimates that Canada’s commercial and academic quantum talent pool stands at 4,000 people – just 0.01% of Canada’s 40 million population. This is small, but not unlike the quantum workforce in other countries. Canada’s long-term investment in quantum research and vibrant commercial ecosystem make Canada a global leader in quantum.

Canada Continues to Build on its Early Commercial Successes in Quantum

Canada is punching above its weight in all aspects of quantum. Analysis of social media reporting shows that Canada is home to 5% of the world’s quantum talent pool, although Canada represents only 0.5% of the world’s population. Canadian researchers ranked 10th most prolific in the world in 2023, authoring 1,000 of the 75,000 quantum computing research papers published on arXiv.

Global Need to Address the Shortage of Talent in Quantum

The quantum computing marketing is projected to reach US$45–$131 billion by 2040.2 However, the paucity of quantum talent – in Canada and around the world – threatens to slow progress towards this high-value market opportunity. With talent shortages in established high tech sectors and international competition for highly qualified personnel (HQP) in Artificial Intelligence and other deep tech fields, the nascent quantum sector will require innovation in education, training and workforce development to reach its full potential.

Quick Facts:

Canada’s 47-plus domestic quantum companies are closely linked to Canadian universities and are mostly small Canadian controlled private companiesCanadian owners represent 14% of all quantum-technology-related patents filed in Canada in 2023 – a strong indicator of the internationally competitive nature of the quantum sector.Canada is punching above its weight in all aspects of quantum. QAI analysis of social media reporting shows that Canada is home to 5% of the world’s quantum talent pool, although Canada represents only 0.5% of the world’s population.

To review or download the Canadian Quantum Ecosystem Report 2024 please visit: www.quantumalgorithmsinstitute.ca/2024-quantum-ecosystem-report

Click here to subscribe to the QAI mailing list to receive up-to-date information on the quantum sector in British Columbia.

About Quantum Algorithms Institute (QAI)

The Quantum Algorithms Institute is a collaboration between government, the academic community, and Canada’s growing sector of quantum computing companies. The Quantum Algorithms Institute works with companies and academic institutions to help unlock the benefits of real-world applications of quantum solutions to increase quantum literacy and grow the quantum talent pool in B.C. As a non-profit organization with an inclusive approach across quantum technologies, the Quantum Algorithms Institute is a trusted source for stepping into the quantum future: making the adoption of quantum technologies accessible, tangible, and collaborative for everyone.

_________________________

1 Quantum Technology Monitor, McKinsey Digital, April 2024, page 18

2 Quantum Technology Monitor, McKinsey Digital, April 2024, page 28

SOURCE Quantum Algorithms Institute

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Business Optimism Index Edges Higher in Q2 2025 Amid Domestic Demand Recovery

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May 2, 2025

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The Dun & Bradstreet Business Optimism Index increased by 5.1% (q-o-q) for Q2 2025.

MUMBAI, India, May 2, 2025 /PRNewswire/ — Dun & Bradstreet, a global leader in business decisioning data and analytics, released the Business Optimism Index (BOI) for Q2 2025, which rose to 120.2—marking a 5.1% increase over the previous quarter. The uptick reflects growing business confidence, particularly among small enterprises, driven by resilient domestic demand, improving macroeconomic fundamentals, and supportive policy measures. It is important to note that despite tariff-related uncertainty, optimism amongst companies has increased, reflecting businesses’ overall confidence in the domestic market.

Optimism in sales volumes and domestic orders rose steadily, particularly in food, beverages, metals, and transportation. Additionally, export order optimism saw an uptick from the previous quarter, likely due to businesses front-loading shipments ahead of the tariff changes announced on April 2, 2025. Sectors such as electronics, textiles, leathers, and metals were most optimistic across multiple indicators.

Rising import costs and escalating global trade tensions have increased input cost expectations among Indian businesses. In response to the prevailing uncertainty, firms are adopting leaner inventory strategies to mitigate potential risks. Despite these global headwinds, India’s macroeconomic resilience and policy agility provide a buffer, though sustaining business sentiment will depend on how effectively firms navigate global uncertainties and adapt to evolving global trade dynamics.

The Dun & Bradstreet Business Optimism Index, which has been tracking the changing business sentiment of India Inc. since 2002, continues to serve as a reliable leading indicator of India’s economic growth, maintaining a strong correlation of approximately 80% with the Gross Domestic Product (GDP).

Arun Singh, Global Chief Economist, Dun & Bradstreet, said, “The Dun & Bradstreet Business Optimism Index for Q2 2025 shows improved business confidence, driven by strong domestic demand, policy support, and accommodative monetary conditions. However, global challenges like geopolitical tensions and weak external demand weigh on sentiment. Export optimism seems tactical, tied to anticipated tariff changes, not a global demand revival. Input costs remain high due to expensive imports and supply issues, prompting firms to reduce inventories. Despite global risks, India’s strong domestic fundamentals and adaptive policies offer a competitive edge, especially as global supply chains shift.”

Key findings from the Q2 2025 survey

The optimism for sales volume increased by 6 percentage points in Q2 2025 compared to the previous quarter Q1 2025. The food, beverages, metals, and transportation sectors are the most optimistic, while construction and information & communication sectors show lower optimism.The optimism for domestic orders rose by 2 percentage points in Q2 2025 compared to the previous quarter Q1 2025. The electricals, electronics, mining, textiles and leather sectors remain the most optimistic, while financial and insurance activities and automotive sectors report the lowest optimism.The optimism for export orders surged by 28 percentage points in Q2 2025 compared to the previous quarter Q1 2025. Electronics, metals, textile and leather sectors lead optimism, while financial and insurance activities and automotive sectors remain least optimistic.The optimism for selling prices increased by 2 percentage points in Q2 2025 compared to the previous quarter Q1 2025. The metals, hospitality, and food and beverages sectors show the highest optimism, while electronics and automotive sectors report lower confidence.The optimism for net profit improved by 6 percentage points in Q2 2025 compared to the previous quarter Q1 2025. The financial and insurance, construction, and hospitality sectors are the most optimistic, while electronics, automotive, and capital goods sectors show lower optimism.The optimism for the global macroeconomic environment increased by 10 percentage points in Q2 2025 compared to the previous quarter Q1 2025. The chemicals sector, along with utilities and professional and administrative services, remain most optimistic, while automotive and hospitality sectors show lower confidence.The optimism for employment remained stable, rising by 1 percentage point in Q2 2025 compared to the previous quarter Q1 2025. The hospitality, food & beverages, and textiles sectors exhibit high optimism, while automotive, transportation, and capital goods sectors show lower optimism.The optimism for the domestic macroeconomic environment declined by 3 percentage points in Q2 2025 compared to the previous quarter Q1 2025. The information & communication, financial services, wholesale & retail trade, and transportation sectors show the highest confidence, while hospitality and capital goods sectors are least optimistic.The optimism for input costs increased by 15 percentage points in Q2 2025 compared to the previous quarter Q1 2025. The metals, food and beverages sectors show higher optimism, while information & communication and financial services sectors report lower optimismThe optimism for inventory levels saw a decline of 34 percentage points in Q2 2025 compared to the previous quarter Q1 2025. The Mining and automotive sectors are the most optimistic, while metals and food and beverages sectors report the lowest optimism.

Notes to Editors

The Dun & Bradstreet Business Optimism Index (BOI) is a quarterly survey-based index designed to measure the pulse of the Indian business community and has served as a reliable indicator of the economy. Dun & Bradstreet surveys respondents (senior management) pan India across the Manufacturing and Services sectors, covering businesses of varying scale (large, medium, and small) to calculate the BOI. Respondents are asked about their expectations (in terms of increase, decrease, or no change) regarding their company’s performance (Ten BOI Parameters) in the ensuing quarter over the same quarter in the previous year.

About Dun & Bradstreet:

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit www.dnb.com.

Dun & Bradstreet Information Services India Private Limited is headquartered in Mumbai and provides clients with data-driven products and technology-driven platforms to help them take faster and more accurate decisions in domains of finance, risk, compliance, information technology and marketing. Working towards Government of India’s vision of creating an Atmanirbhar Bharat (Self-Reliant India) by supporting the Make in India initiative, Dun & Bradstreet India has a special focus on helping entrepreneurs enhance their visibility, increase their credibility, expand access to global markets, and identify potential customers & suppliers, while managing risk and opportunity.

India is also the home to Dun & Bradstreet Technology & Corporate Services LLP, which is the Global Capabilities Centre (GCC) of Dun & Bradstreet supporting global technology delivery using cutting-edge technology. Located at Hyderabad, the GCC has a highly skilled workforce of over 500 employees, and focuses on enhanced productivity, economies of scale, consistent delivery processes and lower operating expenses.

Visit www.dnb.co.in for more information.

Click here for all Dun & Bradstreet India press releases.

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12BET Rolls Out Platform Upgrade with Global Sports Momentum

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May 2, 2025

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MUMBAI, India, May 2, 2025 /PRNewswire/ — 12BET, a pioneering name in the iGaming world since 2007, is proud to unveil its upgraded V2 platform, offering a faster, smarter, and more dynamic user experience tailored for its growing community in India.

Discover What’s New with 12BET Version 2

The latest version of 12BET brings a range of platform enhancements aimed at improving performance and user satisfaction:

Faster Load Times: Optimized for both desktop and mobile, V2 ensures lightning-fast access and gameplay.Streamlined Interface: A refreshed design for smoother navigation and intuitive one-click betting.Improved Transactions: Quicker deposits and withdrawals for a seamless experience.Enhanced Rewards: New bonus offers and campaigns to elevate your iGaming experience.Seamless Wallet: A unified wallet system hosts funds across all products, with one-click bonus claiming and automatic turnover tracking for ultimate convenience.

Karishma Kotak Joins 12BET on the Global Stage

As part of its expanding global footprint, 12BET proudly partnered with the All England Open Badminton Championships 2025 and Leicester City Football Club, strengthening its visibility among sports fans worldwide.

To represent the brand, Karishma Kotak—a well-known sports broadcaster and Indian actress—attended both the Birmingham tournament and a Leicester City F.C. match. Her presence helped deepen 12BET’s connection with Indian audiences and showcased its ongoing commitment to global sports engagement.

Supporting the IPL Spirit Across India

As the excitement of the Indian Premier League (IPL) continues to sweep the nation, 12BET is engaging with cricket fans through a series of exclusive promotions and interactive campaigns. From welcome offers and cash rebates to IPL attendance rewards and more, the platform celebrates the unifying spirit of the league while bringing together passionate supporters from all corners of the country.

Step Into the New Era of iGaming

From cricket and badminton to casino games and instant play, 12BET is ready to deliver an unmatched iGaming experience. The upgraded platform also features popular crash games like Aviator and Mines, which have quickly gained massive popularity. Join today and be part of the action connecting fans across the globe.

About 12BET:

12BET, founded in 2007, is a pioneering iGaming company with over a decade of experience delivering multilingual services across Europe and Asia. Recognized globally and ranked 17th by eGaming Review Magazine’s Annual Power 50, 12BET has become a major force in Asia’s iGaming market. Built on the core values of sincerity, fairness, and kindness, 12BET provides a secure, reliable, and exceptional entertainment experience for users around the world.

Contact Information:

Toomas Saar
Marketing Manager
pr@12bet.com 

Website: 12BET.com
X : 12BET India
YT: 12BET India
FB: 12BET India
IG: 12BET India

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Inspira Enterprise Appoints Abdul Wahab Mohammed as the CEO for the Middle East and Africa to Accelerate Regional Growth

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May 2, 2025

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RIYADH, Saudi Arabia, May 2, 2025 /PRNewswire/ — Inspira Enterprise Saudi for Information Technology One Person Limited Liability Company (“Inspira”), a global cybersecurity services organization, is delighted to announce the appointment of Abdul Wahab Mohammed as CEO to lead its ambitious growth strategy in the Middle East and Africa (MEA) region based out of Riyad, Saudi Arabia. Abdul Wahab will lead the expansion and growth of Inspira’s presence across the region.

Abdul Wahab (https://tinyurl.com/33twr3wn) is a multi-award-winning and forward-thinking business leader with over two decades of experience to lead in the new era of Artificial Intelligence. He has been inducted by Forbes as a member of the prestigious Forbes Business Council (https://tinyurl.com/2vht3pyv) and also recognized as a Global 200 Inspirational Leader 2024. 

Welcoming Abdul Wahab Mohammed, Chetan Jain, Managing Director of Inspira Enterprise, commented, “We’re thrilled to welcome Abdul Wahab to Inspira’s leadership team as he takes charge of the MEA, a key strategic growth region. His proven leadership and turnaround expertise will fuel our accelerated expansion.”

Prior to joining Inspira, Abdul Wahab was with Infosys as GM and Regional Director, MEA, for nearly 14 years. Earlier in his career, Abdul Wahab held leadership roles in PwC and General Electric, where his rich experience in the MEA region, with special focus on Saudi Arabia, will be of direct relevance to Inspira.

Abdul Wahab Mohammed, CEO of the MEA region, said, “I am honored to join Inspira Enterprise, when cybersecurity is critical. The organization’s strong performance in MEA reflects its unwavering commitment to cybersecurity excellence. I look forward to partnering with customers and stakeholders to drive impactful outcomes and long-term value in the region.”

Inspira Enterprise delivers comprehensive cybersecurity solutions that safeguard organizations against emerging cyber threats and enhance their overall security posture. Since its inception in 2008, Inspira has empowered over 550 customers across 10 countries to achieve their digital transformation goals.

About Inspira Enterprise
Inspira Enterprise is a global Cybersecurity, Data Analytics, and Artificial Intelligence services provider with a presence in North America, ASEAN, the Middle East, India, and Africa. It offers a wide range of services to a host of industries. Inspira believes in delivering adaptive, intelligent, industry and customer-centric solutions for the resilient businesses of tomorrow. Inspira is also a NVIDIA partner specializing in the planning, design, implementation, and project management of solutions. 
For more information, please visit https://inspiraenterprise.com/.

Contact: marketing@inspiraenterprise.com 

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