The University of Maryland has announced it is setting up a new quantum focused incubator for startup companies that they will call Quantum Startup Foundry. This incubator would be the second quantum focused startup incubator in the United States following the Duality incubator in Chicago that was announced earlier this month. Funding will include an initial $25 million investment from the university’s Discovery Fund with funding from the state of Maryland. Participants will have access to the quantum facilities that already exist at the University of Maryland as well as business mentors who can provide guidance that can help a company on the commercial side. The plans for the Quantum Startup Foundry are still at an early stage, but you can see a few more details in a news release posted here.
April 23, 2021