QphoX is proud to announce that we have been selected by the European Innovation Council (EIC) to receive €10 million equity investment from its competitive STEP Scale-Up investment scheme into strategic technology companies. In this latest round, the EIC will invest up to €171 million in equity investments in a total of 8 European companies, across a wide range of different industries. This decision makes QphoX among a very small select group of deep-tech companies receiving scale-up support from the EIC.
The STEP Scale-up scheme aims to help selected companies accelerate growth by boosting the financing rounds that will scale breakthrough critical technologies in Europe.
For QphoX, this milestone reflects growing confidence in our critical work in establishing quantum data centers and quantum networks. This investment will play a key role in advancing our mission to deliver scalable, high-performance quantum computing solutions in Europe.