Quantum Wave Fund has raised USD30m in capital, with potential to reach USD100m, to fund breakthrough companies that use quantum materials and technologies.
Quantum Wave Fund is the first fund specialised for companies developing technologies suitable for quantum technologies.
Though typically considered far into the future, quantum physics is being commercialised today by scientist/entrepreneurs to solve real-world challenges. Quantum materials and technologies are rapidly evolving and entrepreneurs are harnessing new technologies to create breakthrough companies. An understanding of quantum physics spawned the semiconductor industry and ushered in the development of laser technologies. Among the potential results of this research are safe data transmission networks, new materials with superior properties, optical sub-micron transistors, high-frequency optical electronics, new systems for ultrasensitive imaging of the brain, and compact and accurate clocks for navigation systems.
The fund’s current pipeline companies represent the fastest growing segments in areas of quantum technologies, including quantum encryption security, new materials and quantum devices. The fund invests in early stage companies with developed products all over the world. The amount of investment ranges from two million to ten million dollars. In addition to funding, Quantum Wave Fund will help these companies to improve processes in engineering, production, marketing and sales when ready to supply these devices to the global market.
The fund’s team is composed of a mix of physicists with PhDs in nuclear physics, computer science, and high-tech engineers who are also experienced entrepreneurs with a proven track record in company development and operational successes. The fund’s scientific advisory board includes professors and scientists from Harvard, Purdue and quantum centres around the world.
Serguei Kouzmine, managing partner at Quantum Wave Fund, says: “The Quantum Wave Fund has gathered a unique team of global experts who have a proven understanding of business, markets and technology. We are going to invest in technologies, which will drive technological infrastructure resulting in lots of helpful devices and materials that could be invented to serve quantum computers."