University of Maryland’s Quantum Startup Foundry has been established with a $25m investment to support the development of quantum technologies.

University of Maryland (UMD) has launched a business development arm that will seek to launch and grow quantum technology companies. The Quantum Startup Foundry was set up through an initial $25m investment from the university’s Discovery Fund and is also backed by a $10m capital commitment for facilities. The foundry will aim to support quantum…

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