Governor Ned Lamont today announced the creation of the Connecticut Innovation Clusters Program, a $100 million initiative to support the continued growth of critical sectors of the Connecticut economy, including biotechnology, financial technology, insurance technology, and advanced manufacturing in support of national defense.

The Institute for Quantum Computing (IQC) at the University of Waterloo is pleased to congratulate IQC Canada Inc., for receiving $18.4 M in funding from Innovation, Science and Economic Development Canada’s Strategic Science Fund (SSF).

Infleqtion, the world’s leading quantum information company, today announced the appointment of Matthew Kinsella as its new Chief Executive Officer. Kinsella replaces Scott Faris, who has stepped down to focus on quantum industry policy and investments in national security and defense.

Four University of Waterloo researchers, including Dr. Michael Reimer, a faculty member at the Institute for Quantum Computing and a professor in the Department of Electrical and Computer Engineering, were awarded funding earlier this month from the Ontario government for innovative research that ranges from cleaning up arsenic-laden mine waste, treating potential virus outbreaks, and using artificial intelligence to protect valuable financial data.

Vexlum Ltd, a leading supplier of advanced laser system for quantum applications including quantum applications, announces that it has been awarded a €2.4 million grant from the European Innovation Council (EIC) as part of the deep-tech EIC Accelerator Programme. The grant will be used to advance Vexlum’s semiconductor laser platform to enable industrial-level scaling of quantum technology systems using trapped ions and neutral atoms.

March 12, 2024 -- From batteries and semiconductors to energy storage, the transition to green technologies requires the development of new, sustainable materials at an unprecedented pace. German startup Quantistry believes it can fast-track the discovery of such materials using a mix of quantum tech, physics-based simulations, and machine learning. By automating the process, it looks to sidestep the “high costs, fragmented expertise, and slow innovation” inherent to classical R&D. Quantistry has developed a cloud-based platform powered by small-scale quantum computers and AI, that allows users to determine material and molecular properties in simulation, rather than in real-life. This removes much of the trial and error in material discovery, enabling companies to focus on developing those materials with the most promise from the outset. In a vote of confidence for the budding company, it has just bagged €3mn in funding, which includes backing from Chemovator, the business incubator of German chemical giant BASF. The investment round is led by Ananda Impact Ventures, one of the oldest and most established European impact funds. Quantistry will use the cash to further develop its simulation platform and secure new customers. Marcel Quennet, CEO of Berlin-based Quantistry, said the company isn’t just looking to speed up industrial R&D, but also make it more accessible to companies who may not have the budget for more traditional, labour-intensive methods. “It’s clear: simulations not only transform the industrial R&D landscape but also steer it towards a greener future — yet, they remain out of reach for many. Together, we’re democratising this technology, shaping the future of chemical R&D and materials science,” said the co-founder, who holds a PhD in Quantum Chemistry. Quantistry’s new funding round comes amid a surge in AI investment, as companies tap machines to accelerate the development of everything from medical treatments to fusion energy. The German startup isn’t the only one using AI to speed up material discoveries either. Google DeepMind recently unveiled a deep learning tool that predicted the structure of over 2.2 million crystalline materials — 45 times more than the number discovered in the entire history of science. Quantistry was founded in 2019 by Quennet and co-founders Arturo Robertazzi, computational chemist and science communicator, and Stefan Kupferberg, finance expert and serial entrepreneur.

The European Innovation Council (EIC) has selected 27 projects for follow on funding to scale up key quantum, health and measurement technologies.

Zero Point Cryogenics (ZPC) is thrilled to announce our recent collaboration with the University of Waterloo and the Government of Canada as part of the Innovation for Defence Excellence and Security (IDEaS) program. One of only six projects selected for this challenge, this funding signifies a major leap forward in Canadian quantum technology research, focusing on defence and security applications.