IQM awarded more than €20M in funding and investment from European Union Funding, for startups, projects and SMEs.
The European Innovation Council and Horizons 2020 is supporting top-class innovators, entrepreneurs, and small companies with funding opportunities and acceleration services.
IQM Finland was awarded a €2.5M grant and up to €15M of equity investment from the EIC Accelerator program for the development of quantum computers, benefiting the industry and the society at large.
IQM is the European leader for superconducting quantum computers. Our vision is to make quantum computing available to everyone.
Quantum computing will radically transform the lives of billions of people. Applications range from game-changing invention of medicine and novel materials to the discovery of economic models and sustainable processes.
IQM has experienced amazing growth, set up a fully functional research lab in record time, and also hired the largest industrial quantum hardware team in Europe. With the help of this new €20M, IQM will hire one quantum engineer per week and take an important next step to commercialize the technology through co-design of quantum-computing hardware and applications.
IQM ranks in the top 2% of all European startups applying for the highly competitive EIC Accelerator program
Thanks to its strong technology and business plan, IQM was one of the 72 to succeed in the selection process of the EIC.
IQM is the European leader for superconducting quantum computers. IQM vision is to make quantum computing available to everyone.
IQM is creating value by utilizing the power of quantum technologies. IQM builds quantum computers to answer the most challenging questions in science, technology, and business.
About Horizon 2020:
Horizon 2020 is the biggest European Union Research and Innovation programme ever with nearly €80 billion of funding available – in addition to the private investment that this money will attract. It promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market. Experts make their services available as part of the ongoing Horizon 2020 research and innovation programme.
The Enhanced EIC pilot supports top-class innovators, entrepreneurs, small companies and scientists with bright ideas and the ambition to scale up internationally. It brings together the parts of Horizon 2020 that provide funding, advice and networking opportunities for those at cutting edge of innovation.
What are the new European Union Funding Opportunities for Startups and SMEs
Watch this short video presentation for more information.
About Ian Scarffe:
Ian Scarffe is a serial entrepreneur, investor and consultant with business experience from around the world.
Ian Scarffe is an Independent Expert at the European Commission - Horizon 2020
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