DELFT, NETHERLANDS – The Dutch quantum startup QphoX has been awarded €6.5M in funding through the European Innovation Council (EIC) Accelerator program. This funding will help QphoX on its mission to deliver the world's first Quantum Modem for networking quantum computers together.
The EIC Accelerator is Europe's most competitive public funding instrument, aimed at supporting startups and SMEs with the development and scale-up of technological and scientific breakthroughs which have the potential for high impact and address global challenges.Applicants undergo a stringent vetting process spanning over several rounds. "We are delighted to be among the top start-up companies in Europe, selected for funding from the EIC!" says Simon Groeblacher, CEO of QphoX.
"As the quantum ecosystem continues to grow our modem will occupy an indispensable role, connecting different quantum technologies through a common optical frequency, thereby serving as the gateway to the quantum internet."
QphoX secured a €2M seed funding round in April 2021 led by Quantonation, SpeedInvest, HTGF along with TU Delft. Since then the team has grown to 8 employees. "There has been tremendous interest in our technology, for both near and long term applications, from major industry players."
With this funding, QphoX now joins the ranks of several other European quantum technology startups, such as IQM, Qblox and Pasqal.