QuiX Quantum, a European leader in photonic quantum computing hardware, has been selected by the European Innovation Council (EIC) Accelerator program. This selection underscores QuiX Quantum’s innovative contributions and provides financial support for their advanced projects.
The EIC Accelerator program is known for supporting breakthrough technologies with high growth potential. QuiX Quantum’s selection demonstrates their commitment to revolutionizing industries globally with their quantum computing solutions. QuiX Quantum expressed their honor in being selected for the EIC Accelerator program, which offers up to €17.5 million ($19.07 million USD) in combined grant and equity financing, according to CFO Kathy Willing. This funding will accelerate their research and development, bringing them closer to realizing the potential of photonic quantum computing.
Dr.-Ing. Stefan Hengesbach, CEO of QuiX Quantum, emphasized the importance of the EIC Accelerator in financing high-risk, deep-tech startups in the EU. QuiX Quantum will receive a blend of grants and equity investments, part of the €411 million ($447.94 million USD) allocated to 68 innovative companies across Europe. This funding will enhance their ability to scale operations, develop new technologies, and attract further investments.
For more information, you can access the press release provided by the company here.
July 18, 2024