QuiX Quantum Selected for Prestigious EIC Accelerator Funding
Enschede, Netherlands, July 18, 2024 – 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 the EIC Accelerator
The EIC Accelerator offers start-ups and SMEs grants of up to €2.5 million combined with equity investments through the EIC Fund ranging from €0.5 to €15 million or more. In addition to financial support, all projects benefit from a wide range of Business Acceleration Services that provide access to leading expertise, corporates, investors and ecosystem actors.
Learn more about the EIC Accelerator news.
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.
