Chicago’s Duality Quantum Accelerator, led by the Polsky Center for Entrepreneurship and Innovation at the University of Chicago and the Chicago Quantum Exchange with additional founding partners the University of Illinois Urbana-Champaign, Argonne National Laboratory, and P33, has selected its second set of Cohort 2 startup companies for the next 12 month program starting on July 11, 2022. The startups include:

  • Icosa Computing // A US-based startup building quantum computing and physics-enhanced optimizers for financial institutions
  • memQ // A US-based company building technology to enable the quantum internet
  • Quantescence // A France- and US-based quantum computing software startup that has created a quantum emulator platform
  • SCALINQ // A Sweden-based startup developing unique packaging solutions for superconducting quantum chips
  • Wave Photonics // A UK-based startup using computational techniques to accelerate integrated photonics design

During the program, each startup will receive business and entrepreneurship training from partner institutions including the University of Chicago Booth School of Business, mentorship from top business experts, investors, and entrepreneurs, access to office space and state-of-the-art laboratories and equipment, connections to leading quantum scientists and business leaders, and $50,000 in unrestricted funding. The goal is to provide these companies with the tools for future success with a second goal of attracting many of these companies to locate permanently in the Chicago area.

Duality’s Cohort 1 has just finished its session with significant accomplishments reported by the accelerator. The Cohort 1 startups have received over $8.5 million in funding with one company, already being successfully acquired by ColdQuanta. In addition, all of the Cohort 1 startup will maintain a presence in the Chicago area.

For more information about Duality’s Cohort 2, you can view a press release posted on their website here.

June 30, 2022