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Innsbruck helps spinout AQT activate funding

Aug 23, 2019 • Callum Cyrus

Alpine Quantum Technologies has won $11.1m in a round where the university invested half, in a bid to create a universal quantum computer.

Alpine Quantum Technologies (AQT), an Austria-based quantum computing spinout of University of Innsbruck, has received €10m ($11.1m) from the university and the state-owned Austrian Research Promotion Agency (FFG), Trending Topics had reported.
Each investor contributed $5.5m, with Innsbruck participating through a service agreement with Germany’s Federal Ministry of Education, Science and Research, and FFG leveraging Austria’s National Foundation for Research, Technology and Development.
Founded in 2017, AQT aims to develop a general-purpose quantum computer that would rely on…

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