Time: 2024-07-29
QuiX Quantum , a European leader in photonic Quantum computing hardware , has secured up to 17.5 million ( 9.07 million USD ) in funding from the European Innovation Council ( EIC ) Accelerator program . This financial support will enable QuiX Quantum to advance their projects and continue their innovative contributions to the field of quantum computing . The EIC Accelerator program is well - known for backing breakthrough technologies with significant growth potential , and QuiX Quantum 's selection highlights their dedication to driving industry transformation on a global scale.
The funding provided by the EIC Accelerator program includes a combination of grants and equity financing , totaling up to 17.5 million ( 9.07 million USD ) . QuiX Quantum 's CFO , Kathy Willing , noted the importance of this support in accelerating research and development efforts related to photonic quantum computing . Dr.-Ing . Stefan Hengesbach , CEO of QuiX Quantum , emphasized the role of the EIC Accelerator in supporting high - risk deep - tech startups in the EU . With a total of 411 million ( 47.94 million USD ) allocated to 68 innovative companies across Europe , this funding will not only facilitate the expansion of QuiX Quantum 's operations but also drive the development of new technologies and attract additional investments.
The selection of QuiX Quantum for the EIC Accelerator program underscores the company 's commitment to pioneering advancements in quantum computing . By leveraging this financial support , QuiX Quantum aims to further enhance their capabilities in the field of photonic quantum computing , bringing them closer to unlocking the full potential of this cutting - edge technology . The recognition from the EIC Accelerator program validates QuiX Quantum 's innovative approach and positions them as a key player in shaping the future of quantum computing on a global scale.
In conclusion , the partnership between QuiX Quantum and the European Innovation Council through the EIC Accelerator program represents a significant milestone in the advancement of quantum computing technology . With substantial funding backing their endeavors , QuiX Quantum is poised to make substantial progress in the development and deployment of photonic quantum computing solutions , paving the way for transformative impacts across various industries . This collaboration exemplifies the importance of fostering innovation and supporting pioneering initiatives in the field of quantum computing to drive progress and create lasting societal benefits.
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