BOULDER, CO., November 21, 2024 -- Mesa Quantum has been awarded a $500,000 Advanced Industries Early-Stage Capital and Retention Grant from the Colorado Office of Economic Development and International Trade (OEDIT). The company specializes in developing chip-scale quantum sensors for applications ranging from autonomous systems to resilient navigation alternatives to GPS.

“This grant represents Colorado’s commitment to advancing quantum technologies and recognition of Mesa Quantum’s potential to transform multiple industries,” said Wale Lawal, CTO of Mesa Quantum. “We’re translating physics into revenue by taking quantum sensors out of the lab and putting them into the commercial market.”

The award is part of OEDIT’s latest round of funding to 19 Colorado companies, demonstrating the state’s commitment to diverse technologies including quantum, renewable energy, biomedical, and aerospace innovations. Mesa Quantum and Octave Photonics were selected specifically for their work in next-generation quantum technology manufacturing.

This grant follows Mesa Quantum’s recent achievements, including securing $3.7M in seed funding and a $1.9M Direct-to-Phase II SBIR contract from SpaceWERX for developing Alt-PNT quantum technologies. The company’s selection underscores its potential to contribute to Colorado’s growing quantum technology ecosystem while creating high-value jobs in the state.