It’s being called the site of future innovation in quantum information and nanotechnology. The curtain has been lifted on the Mike and Ophelia Lazaridis Quantum-Nano Centre at the University of Waterloo.

“These kinds of scientific advances spot entrepreneurs, provide jobs, and literally transform communities and society. It’s developments leading to products, it’s products leading to companies, and it’s companies leading to jobs and enormous wealth”, said Mike Lazaridis Thursday afternoon when speaking to a full room about what he expects to come from the new QNC.

It’s something that Lazaridis has invested a lot of time and money in. $100 million to be exact. The result – a $160 million, 285, 000-square-foot facility that will give researchers the tools and collaborative opportunities they need to perform groundbreaking experiments, investigate new processes and materials, and build innovative technologies.

“I believe the work that will be done here will transform the way we work, live, and play.”

Lazaridis predicts that the new centre will discover and innovate, just as The Bell Labs did, which lead to companies that created Silicon Valley in California. Lazaridis says Waterloo Region will become known as the Quantum Valley.

Dr. Stephen Hawking was on hand among other scientists, local politicians including newly elected K-W NDP MPP Catherine Fife, as well as business and community leaders.