QuiX Quantum Secures EIC Accelerator Funding to Advance Photonic Quantum Computing
QuiX Quantum, a European leader in photonic quantum computing hardware, is excited to announce its selection by the European Innovation Council (EIC) Accelerator program. This prestigious initiative, run by the European Commission, acknowledges QuiX Quantum’s innovative advancements and provides crucial financial support for its pioneering projects.
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The EIC Accelerator program is renowned for identifying and backing breakthrough technologies with significant growth potential. Quantum’s inclusion in the program underscores its dedication to advancing quantum computing solutions that have the potential to transform industries worldwide.
“We are thrilled to be chosen for the EIC Accelerator program, which offers blended financing of up to €17.5 million in grants and equity,” said Kathy Willing, CFO of QuiX Quantum. “This support will significantly boost our research and development efforts, bringing us closer to unlocking the full potential of photonic quantum computing.”
Dr.-Ing. Stefan Hengesbach, CEO of QuiX Quantum, emphasized the importance of the EIC Accelerator: “I view the EIC Accelerator as a vital tool for financing deep tech and high-risk start-ups with strategic relevance in the EU. This program will help us advance our goals and realize our vision of leading Europe’s quantum photonics industry.”
QuiX Quantum is set to receive a mix of grants and equity investments from the €411 million fund allocated to 68 innovative companies across Europe. This funding will enable QuiX Quantum to scale its operations, develop new technologies, and attract additional investments, further solidifying its position at the forefront of quantum computing innovation.
