History has repeatedly demonstrated the power of research in physics to transform society. As a student of history and a believer in the power of physics, Mike Lazaridis set out in 2000 to make real his bold vision to establish the Region of Waterloo as a world leading centre for physics research. That is, a place where the best researchers in the world would come to do cutting-edge research and to collaborate with each other and in so doing, achieve transformative discoveries that would lead to the commercialization of breakthrough technologies.
Establishing a World Class Centre in Quantum Research:
The first step in this regard was the establishment of the Perimeter Institute for Theoretical Physics. Perimeter was established in 2000 as an independent theoretical physics research institute. Mike started Perimeter with an initial pledge of $100 million (which at the time was approximately one third of his net worth). Since that time, Mike and his family have donated a total of more than $170 million to the Perimeter Institute. In addition to this unprecedented monetary support, Mike also devotes his time and influence to help lead and support the organization in everything from the raising of funds with government and private donors to helping to attract the top researchers from around the globe to it. Mike’s efforts helped Perimeter achieve and grow its position as one of a handful of leading centres globally for theoretical research in fundamental physics.
Perimeter is located in a Governor-General award winning designed building in Waterloo. Success in recruiting and resulting space requirements led to an expansion of the Perimeter facility. A uniquely designed addition, which has been described as space-ship-like, was opened in 2011 as the Stephen Hawking Centre in recognition of one of the most famous physicists alive today who holds the position of Distinguished Visiting Research Chair at Perimeter and is a strong friend and supporter of the organization.
Recognizing the need for collaboration between theorists and experimentalists, in 2002, Mike applied his passion and his financial resources toward the establishment of The Institute for Quantum Computing at the University of Waterloo. IQC was established as an experimental research institute focusing on quantum information. Mike established IQC with an initial donation of $33.3 million. Since that time, Mike and his family have donated a total of more than $120 million to the University of Waterloo for IQC and other related science initiatives. As in the case of the Perimeter Institute, Mike devotes considerable time and influence to help lead and support IQC in fundraising and recruiting efforts. Mike’s efforts have helped IQC become one of the top experimental physics research institutes in the world.
Mike and Doug Fregin have been close friends since grade 5. They are also co-founders of BlackBerry (formerly Research In Motion Limited). Doug shares Mike’s passion for physics and supported Mike’s efforts at the Perimeter Institute with an initial gift of $10 million. Since that time Doug has donated a total of $30 million to Perimeter Institute. Separately, Doug helped establish the Waterloo Institute for Nanotechnology at the University of Waterloo with total gifts for $29 million. As suggested by its name, WIN is devoted to research in the area of nanotechnology. It has established as an area of primary focus the intersection of nanotechnology and quantum physics.
With a donation of $50 million from Mike which was matched by both the Government of Canada and the province of Ontario as well as a donation of $10 million from Doug, the University of Waterloo built the Mike & Ophelia Lazaridis Quantum-Nano Centre, a state of the art laboratory located on the main campus of the University of Waterloo that rivals the best facilities in the world. QNC was opened in September 2012 and houses researchers from both IQC and WIN.
Leading the Establishment of Commercialization Culture for Quantum Technologies in Canada:
For many years, theorists have been able to demonstrate the transformative powers of quantum mechanics on paper. That said, converting these theories to experimentally demonstrable discoveries has, putting it mildly, been a challenge. Many naysayers have suggested that achieving these discoveries was not possible and even the believers suggested that it could likely take decades to achieve these discoveries. Recently, a buzz has been developing globally as experimentalists have been able to achieve demonstrable success with respect to Quantum Information based discoveries. Local experimentalists are very much playing a leading role in this regard. It is believed by many that breakthrough discoveries that will lead to commercialization opportunities may be achieved in the next few years and certainly within the next decade.
Recognizing the unique challenges for the commercialization of quantum technologies (including risk associated with uncertainty of success, complexity of the underlying science and high capital / equipment costs) Mike and Doug have chosen to once again lead by example. The Quantum Valley Investment Fund will provide commercialization funding, expertise and support for researchers that develop breakthroughs in Quantum Information Science that can reasonably lead to new commercializable technologies and applications. Their goal in establishing this Fund is to lead in the development of a commercialization infrastructure and culture for Quantum discoveries in Canada and thereby enable such discoveries to remain here.