European Innovation Council funds QuiX Quantum
The photonic quantum computing company says that its selection by the EIC Accelerator highlights its innovative contributions and will help scale its operations towards its vision of building Europe’s leading quantum photonic products
QuiX Quantum, a company focused on photonic quantum computing hardware, has been selected by the European Innovation Council (EIC) Accelerator programme, 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 programme seeks to identify and support breakthrough technologies with high growth potential. QuiX Quantum says its selection proves its commitment to advancing quantum computing solutions that promise to revolutionise industries globally.
“We are honoured to be chosen for the blended financing of the EIC Accelerator programme 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.”
Stefan Hengesbach, CEO of QuiX Quantum, added: “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.”
QuiX Quantum will receive a blend of grants and equity investments, part of the €411 million allocated to 68 innovative companies across Europe. The company says this funding will enhance its ability to scale its operations, develop new technologies, and attract further investments.
