Swiss venture capital firm QAI Ventures is partnering with the University of Calgary’s Quantum City to establish a global hub for quantum technology development in Calgary. The collaboration will include a global quantum accelerator, QAI Ventures Accelerator, powered by Quantum City. QAI Ventures also plans to invest in the accelerator’s startup cohort. The partnership aims to speed up the process for startups to develop their projects into marketable solutions. QAI Ventures CEO Alexandra Beckstein and Quantum City’s managing director Megan Lee expressed their commitment to fostering innovation and driving the growth of the quantum ecosystem.
QAI Ventures and Quantum City: A Quantum Leap in Technology Acceleration
QAI Ventures, a Swiss venture capital firm with a focus on quantum technology innovation, has announced a proposed collaboration with Quantum City, a quantum science and technology ecosystem based in the University of Calgary. The partnership aims to establish Calgary as a global hub for quantum technology development and will also see the opening of QAI Ventures’ Canadian office in the city.
The collaboration will involve the creation of a global quantum accelerator in Calgary, named the QAI Ventures Accelerator, powered by Quantum City. The accelerator is expected to play a significant role in advancing quantum technology startups on a global scale. QAI Ventures also plans to invest directly in the accelerator’s startup cohort, further bolstering the quantum ecosystem in Calgary.
University of Calgary: A Crucible for Quantum Research
The University of Calgary has been recognized for its significant contributions to quantum research, which is revolutionizing our understanding of nature’s basic elements and driving technology innovation. Dr. William Ghali, vice-president (research) at the University of Calgary, believes that the partnership with QAI Ventures will expedite the process for startups with innovative ideas to develop their projects into marketable solutions for tomorrow’s problems.
QAI Ventures is known for its role as an ecosystem builder, offering acceleration programs and investment funding for early-stage quantum and advanced AI startups worldwide. The QAI Ventures Accelerator, powered by Quantum City, will provide entrepreneurs and innovators with premium access to cutting-edge technology, expert guidance, and tailored mentorship, supporting them throughout their journey in taking their projects from the lab to the market.
Quantum City and QAI Ventures: Shared Values and Goals
Quantum City and QAI Ventures share a common vision: to transform technology into solutions. Alexandra Beckstein, CEO and co-founder of QAI Ventures, believes that the collaboration will strengthen these values even more. Together, they plan to leverage their expertise and resources to foster innovation, cultivate talent, and drive the growth of the quantum ecosystem, ultimately bringing transformative technologies to the forefront of global markets.
Quantum City: Shaping the Future of Quantum Innovation in Alberta
Established in 2022, Quantum City has been building an ecosystem for quantum science and technology in Alberta, uniting researchers, developers, industries, and adopters of quantum technology and services. A strategic partnership between the University of Calgary, the Government of Alberta, and Mphasis, Quantum City has positioned itself as a key player in shaping the future of quantum innovation.
The first program of the new QAI Ventures Accelerator powered by Quantum City will kick off its first cohort in 2025 in Alberta at Quantum City. Megan Lee, managing director of Quantum City, sees this proposed collaboration as a significant step forward in their mission to establish Alberta as a national and international leader in the quantum economy.
“This proposed collaboration represents a significant step forward in our mission to establish Alberta as a national and international leader in the quantum economy,”
Megan Lee,
The Impact of the QAI Ventures and Quantum City Collaboration
By working with QAI Ventures, Quantum City aims to expand its reach and accelerate the development of quantum solutions that have the potential to shape the future of various industries, while enhancing access to investment opportunities. The collaboration is expected to attract the world’s best quantum startups to Calgary and continue the work of QAI Ventures in fostering quantum innovation on a global scale.
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