The Science and Technology Facilities Council (STFC) has launched a business support programme for quantum technology start-ups, in collaboration with the NQCC. The programme includes a call for participants to work with STFC’s Quantum Business Incubation Centre (Qu BIC). The Qu BIC will assist businesses developing quantum computing technologies, offering up to £50,000 in R&D funding, £10,000 R&D vouchers, 50 hours of business support, and networking opportunities. The application deadline is 28 January 2024.
Quantum Business Incubation Centre (Qu BIC) Calls for Participants
The National Quantum Computing Centre (NQCC) is collaborating with the Science and Technology Facilities Council (STFC) on a new business support programme for quantum technology start-ups. The programme has launched its first call for participants to work with STFC’s Quantum Business Incubation Centre (Qu BIC). The Qu BIC aims to assist early-stage technology companies in achieving their full commercial potential by de-risking the path from proof-of-concept to market for innovative new products and ideas.
Focus on Quantum Computing Technologies
The initial call will concentrate on businesses that are developing quantum computing technologies. This includes quantum computing hardware, software, and applications. The goal is to foster innovation and growth in this rapidly evolving field, and to support businesses in bringing their quantum computing solutions to market.
Support Package for Start-ups
The Qu BIC offers a comprehensive support package for start-ups. This includes up to £50,000 in targeted research and development (R&D) funding, up to £10,000 in R&D vouchers to spend with public sector partners, and up to 50 hours of business support. The business support includes one-to-one coaching, investment readiness, market validation, and intellectual property advice. Additionally, the Qu BIC will provide networking opportunities and introductions to investors, funders, and stakeholders.
Deadlines for Expression of Interest and Application
Interested parties should note the deadlines for the programme. The deadline for expressions of interest is 14 January 2024, while the application deadline is 28 January 2024. These deadlines are crucial for those wishing to participate in the programme and take advantage of the support offered by the Qu BIC.
Contact Information and Further Details
For further information, potential participants can contact Carl Savage at carl.savage@stfc.ac.uk. More details about the application process and eligibility can be found on the STFC website. This is an excellent opportunity for start-ups in the quantum computing field to receive valuable support and guidance as they develop their products and services.
The Qu BIC will help early-stage technology companies achieve their full commercial potential by de-risking the route from proof-of-concept to market innovative new products and ideas.
The first call will focus on businesses that are developing quantum computing technologies such as quantum computing hardware, software, and applications.
The Qu BIC provides an outstanding support package for start-ups, including:
- – up to £50,000 targeted (R&D) funding
- – up to £10,000 R&D vouchers to spend with public sector partners
- – up to 50 hours of business support (including one-to-one coaching, investment readiness, market validation and intellectual property advice)
- – networking and introductions to investors, funders, stakeholders
Summary
The Science and Technology Facilities Council (STFC) has launched a new business support programme for quantum technology start-ups, offering assistance in developing products or services based on quantum technologies. The programme will focus on businesses developing quantum computing technologies and offers a support package including funding, business support, and networking opportunities.
- The National Quantum Computing Centre (NQCC) is collaborating with the Science and Technology Facilities Council (STFC) on a new business support programme for quantum technology start-ups.
- The programme includes the Quantum Business Incubation Centre (Qu BIC), which aims to help early-stage technology companies reach their full commercial potential.
- The Qu BIC is calling for participants, particularly those developing quantum computing technologies such as hardware, software, and applications.
- The support package offered by Qu BIC includes up to £50,000 in targeted R&D funding, up to £10,000 in R&D vouchers for use with public sector partners, up to 50 hours of business support, and networking opportunities.
- The deadline for expressions of interest is 14 January 2024, with the application deadline set for 28 January 2024.
- Carl Savage is the contact person for this programme.