LightSolver Awarded €12.5 Million From European Innovation Council to Advance All-Optical Supercomputer

LightSolver Awarded €12.5 Million From European Innovation Council to Advance All-Optical Supercomputer

August 8, 2024
LightSolver, inventor of a new laser-based computing paradigm, today announced that it has been selected for the European Innovation Council (EIC) Accelerator Program. The company will receive an initial grant of €2.5 million from the EIC Fund combined with a future equity investment of €10 million, totaling €12.5M. This recognition places LightSolver among 68 companies chosen from a highly competitive pool of 969 applicants.

BTQ Technologies Announces the Award of Academic Grants from Mitacs

BTQ Technologies Announces the Award of Academic Grants from Mitacs

August 7, 2024
BTQ Technologies Corp., a global quantum technology company focused on securing mission-critical networks, is pleased to announce the receipt of a major funding award that will complement the company's existing IP portfolio in the post-quantum space. BTQ plans to continue pursuing additional research and development grants and collaborations to expand its presence in Canada's vibrant quantum and cybersecurity ecosystems.

Duality Quantum Accelerator Welcomes 5 Startups into Fourth Cohort

Duality Quantum Accelerator Welcomes 5 Startups into Fourth Cohort

August 2, 2024
he Chicago-based Duality quantum accelerator has accepted its fourth cohort of startups into its program as the quantum revolution arrives in Illinois. The five startups in this cohort are developing products and solutions across the quantum technology landscape that includes quantum computing, sensing, and communication, and will look to evolve their technologies and business practices to succeed in various industries like biomedicine and aerospace.

Quantistry and IQM Announce MoU to Explore Hybrid Quantum Solutions for the Chemical and Material Industry

Quantistry and IQM Announce MoU to Explore Hybrid Quantum Solutions for the Chemical and Material Industry

July 30, 2024
Quantistry, a Berlin-based start-up offering the world’s most intuitive cloud-native chemical simulation platform, and IQM Quantum Computers (IQM), a global leader in building quantum computers, announced today a Memorandum of Understanding (MoU) to explore hybrid classical-quantum solutions, focusing on R&D challenges in the chemical and material industry.

Innovative Quantum Computing Research Project at the University of Chicago Has Received $3 Million Funding From the U.S. Department of Defense

UChicago Pritzker School of Molecular Engineering Prof. Andrew Cleland has been selected as a recipient of a flagship basic research funding program by the U.S. Department of Defense. The Department of Defense will provide $3 million over five years to support Professor Cleland's innovative quantum computing research project based on phonons, aiming to develop a quantum computer built on mechanical vibrations based on phonons.

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Quantum Design Automation Software Developer QC Design Has Received €4 Million in Funding From the European Innovation Council

Quantum design automation software developer QC Design announced yesterday that it has been selected for the Accelerator program by the European Innovation Council (EIC) and has received €4 million in funding from the program. The company said that the Accelerator program provides it with €2.5 million in the form of a grant and an additional €1.5 million in seed-round equity investments.

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Denmark Chairs the Inaugural Meeting of NATO’s Transatlantic Quantum Community

Denmark Chairs the Inaugural Meeting of NATO’s Transatlantic Quantum Community

July 4, 2024
On Tuesday (2 July 2024) the Transatlantic Quantum Community (TQC) held its inaugural virtual meeting in Brussels. The Transatlantic Quantum Community’s first annual plenary is expected to take place this autumn.

The HyperSpace Project Recently Published Its Research Achievements for the First Half of the Year

The HyperSpace project, an intercontinental network for quantum key communication, recently published its research achievements for the first half of the year. According to reports, the HyperSpace project aims to advance the vision of a global quantum communication network and was launched in October 2022.

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Germany Invested 5.11 Million Euros to Launch the MANTIS Project, Specializing in the Research and Development of MDI-QKD

Recently, a new research project named "MANTIS," led by the Fraunhofer Institute for Applied Optics and Precision Engineering IOF in Germany, has been officially launched with a kick-off event. This project, costing 5.11 million euros, aims to utilize modern quantum technology to safeguard critical infrastructure against hacker attacks. The MANTIS project is specifically researching the advantages of so-called MDI-QKD(Measurement-Device-Independent Quantum Key Distribution) over conventional QKD methods.

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