BCI and QAI advance post-quantum readiness
Joint initiative reinforces British Columbia as a hub for quantum innovation in Canada
VICTORIA, BC – November 17, 2025 – British Columbia Investment Management Corporation (BCI), one of Canada's largest institutional investors, and the Quantum Algorithms Institute (QAI), a non-profit organization supporting adoption of quantum technologies in British Columbia, today announced a joint initiative to advance post-quantum readiness.
"Working with QAI gives us access to world-class quantum expertise as we prepare for the risks and opportunities ahead," said Gordon J. Fyfe, Chief Executive Officer and Chief Investment Officer at BCI. "Quantum computing will impact how investors around the world protect systems and approach complex investment scenarios. We are positioning BCI to leverage this technology for business advantage as it becomes more widely available."
Together, BCI and QAI will work to identify quantum investment applications for portfolio optimization, risk assessment, and financial modeling, while implementing post-quantum security standards to support BCI’s long-term operational resilience. QAI will use the insights gained through this hands-on experience to support quantum preparedness across British Columbia and Canada’s business ecosystems.
"With quantum computers expected to be commercially viable within three to five years, this collaboration will offer critical learnings that extend beyond BCI," said Louise Turner, Chief Executive Officer of QAI. "We're developing playbooks and use cases that can help other organizations – from governments to small businesses – build their own quantum readiness."
BCI's quantum experience extends beyond operations to its global portfolio. This includes investments like Photonic Inc., a British Columbia-based quantum computing company backed since 2021, which offered early insight into the technology's evolution and commercial potential. The joint initiative with QAI builds on this strong foundation and BCI’s broader commitment to accelerating innovation.
ABOUT BCI
British Columbia Investment Management Corporation (BCI) is one of Canada's largest institutional investors, managing $295 billion in gross assets on behalf of 32 British Columbia public sector and institutional clients as of March 31, 2025. For 25 years, BCI has partnered with its clients to help deliver on their commitments and create enduring value in British Columbia and beyond. From securing pensions to supporting communities, it's investing that matters. Headquartered in Victoria, British Columbia, with teams in Vancouver, New York, London, and Mumbai, BCI puts patient capital to work across public and private markets globally. For more information, visit BCI.ca.
ABOUT QAI
The Quantum Algorithms Institute (QAI) is a non-profit organization with a mission to support the growth and adoption of quantum technologies in British Columbia. QAI helps organizations get ready for the arrival of quantum computing, bringing together quantum computing experts, cybersecurity specialists, and post-quantum security professionals to advance Canada's quantum capabilities. QAI connects British Columbia's world-class quantum ecosystem with businesses, government, and institutions preparing for the quantum era. For more information, visit QAI.ca.