Dutch-based Groove Quantum lands €10M in EIC Funding

Groove Quantum Secures €10M ($11.8M USD) EIC Accelerator Funding for Germanium-Based Quantum Computing - Quantum Computing Report

Groove Quantum, a Delft-based company developing germanium-based quantum computing technology, has secured €10 million ($11.8 million USD) in funding through the European Innovation Council (EIC) Accelerator programme. This investment includes a €2.5 million ($2.95 million USD) grant component. Groove Quantum was selected as one of 40 deep-tech startups in Europe to receive this funding. The [...] The post Groove Quantum Secures €10M ($11.8M USD…

Dutch-based Groove Quantum lands €10M in EIC Funding

Delft-based Groove Quantum, a company that develops germanium-based quantum computing technology, has obtained €10M in funding through the European Innovation Council (EIC) Accelerator programme. This includes a €2.5M grant component. The EIC selected Groove from 1,000 applicants as one of 40 deeptech startups to receive funding in Europe. The evaluation jury described Groove’s germanium qubits as “a standout in a crowded field”. The funding wil…