New Quantum Accelerator fund aimed at the UK

A new fund from the technology transfer experts at IP Group is taking aim at the Quantum sector with £12 million up for grabs. The new fund aims to stimulate investment and innovation in the growing UK sector. The funds are of course backed by the highly adept team who are behind the funding of one of the worlds most promising DNA sequencing company: Oxford Nano Pore.

IP Group has partnered with InnovateUK to create an investment accelerator which aims to provide at least £12m of grant and equity funding to companies operating in the second-generation quantum technology space.

The fund from IP group is looking for the following:

  • Existing UK-based companies (or founders that are looking to incorporate in the UK) and which are seeking equity financing
  • Projects of between £125k and £2m in size which exploit second-generation quantum techniques or are developing direct supporting technologies
  • Teams of strong founders with a mixture of science and business backgrounds

To read more about the funding opportunity please follow this link