QuiX Quantum Selected For EIC Accelerator Funding
Insider Brief
- The European Innovation Council (EIC) selected QuiX Quantum to its accelerator program.
- The program is a key initiative of the European Commission.
- The EIC Accelerator program identifies and supports breakthrough technologies with high growth potential.
PRESS RELEASE — QuiX Quantum, a European leader in photonic quantum computing hardware, proudly announces its selection by the European Innovation Council (EIC) Accelerator program, a key initiative of the European Commission. Being granted the EIC Accelerator highlights QuiX Quantum’s innovative contributions and secures financial support for their cutting-edge projects.
The EIC Accelerator program is renowned for identifying and supporting breakthrough technologies with high growth potential. QuiX Quantum’s selection proves its commitment to advancing quantum computing solutions that promise to revolutionize industries globally.
“We are honored to be chosen for the blended financing of the EIC Accelerator program which can be up to €17.5 million in combined grant and equity,” said Kathy Willing, CFO of QuiX Quantum. “This funding will accelerate our research and development, bringing us closer to realizing the full potential of photonic quantum computing.”
“I personally consider the EIC Accelerator to be an essential instrument for financing deep tech, high-risk start-ups that are strategically relevant in the EU. The Accelerator will allow us to push our objectives and vision of building Europe’s leading quantum photonic products,” said Dr.-Ing. Stefan Hengesbach, CEO of QuiX Quantum.
QuiX Quantum will receive a blend of grants and equity investments, part of the €411 million allocated to 68 innovative companies across Europe. This funding will enhance the company’s ability to scale its operations, develop new technologies, and attract further investments.
About QuiX Quantum:
QuiX Quantum is the European market leader for quantum computing hardware based on photonics. They are building the first Universal Photonic Quantum Computer in Europe, with the first sale to the German Aerospace Center (DLR). The core technology of their universal quantum computers is award-winning and commercially available. They have four offices in Europe and customers worldwide.
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Matt Swayne
With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses.
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MENTIONED IN THE ARTICLE
QuiX Quantum
QuiX offers integrated photonics for optical quantum computing.
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European Commission
The Commission represents and upholds the interests of the EU as a whole, and is independent of national governments. The European Commission prepares legislation for adoption by the Council (representing the member countries) and the Parliament (representing the citizens). It administers the budget and the policy programmes (agriculture, fisheries, research etc.) in cooperation with authorities in the member countries.
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German Aerospace Center (DLR)
DLR is the Federal Republic of Germany’s research centre for aeronautics and space. They conduct research and development activities in the fields of aeronautics, space, energy, transport, security and digitalisation. The German Space Agency at DLR plans and implements the national space programme on behalf of the federal government.
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