Duality Quantum Accelerator Announces Startups Selected for Cohort 2

June 29, 2022

June 29, 2022 — Duality, the nation’s first accelerator exclusively for quantum companies, has accepted five startups from across the globe into the second cohort of the year-long accelerator based in Chicago, IL.

Duality is led by the Polsky Center for Entrepreneurship and Innovation at the University of Chicago and the Chicago Quantum Exchange (CQE), along with founding partners, the University of Illinois Urbana-ChampaignArgonne National Laboratory, and P33.

“Illinois is proud to welcome the second cohort of quantum startups to the nation’s preeminent research corridor in the field, yet another testament to the University of Chicago and the University of Illinois’ leadership in this sector,” said Governor JB Pritzker. “Quantum will be the defining feature of the 21st century’s technological advancements, and I’ve directed $200 million in state funding to facilitate Illinois’ global leadership in the quantum race. I want to also thank our powerhouse universities as well as our national laboratories and private sector partners for making that leadership possible – as demonstrated by Duality’s first cohort, the success is only beginning.”

Launched in April 2021, Duality is a first-of-its-kind accelerator aimed at supporting next-generation startups focused on quantum science and technology. The 12-month program provides world-class business and entrepreneurship training from its partner institutions and the University of Chicago Booth School of Business.

Duality Cohort 1 startups have secured more than $8.5 million in funding; grew from an average of 4.3 employees before starting the program to an average of 7.6, with exponential growth expected by many within the next two years. All of the startups will maintain a presence in Chicago.

“The inaugural cohort has seen incredible growth and connected with dozens of mentors, building relationships that have led to several new business opportunities. We are excited to build off this momentum with the selection of five new startups developing quantum technologies across a range of applications,” said Eric Ginsburg, interim director of Duality and senior director, intellectual property and technology development at the Polsky Center.

“The first cohort of startups have benefited greatly from the industry exposure and strong connections to the CQE corporate partners and broader CQE ecosystem, and we look forward to introducing this new cohort of startups into our quantum community,” added Preeti Chalsani, deputy director of Duality and director of industry partnerships, Chicago Quantum Exchange.

Duality Cohort 2:

  • Icosa Computing // A US-based startup building quantum computing and physics-enhanced optimizers for financial institutions
  • memQ // A US-based company building technology to enable the quantum internet
  • Quantescence // A France- and US-based quantum computing software startup that has created a quantum emulator platform
  • SCALINQ // A Sweden-based startup developing unique packaging solutions for superconducting quantum chips
  • Wave Photonics // A UK-based startup using computational techniques to accelerate integrated photonics design

The selected ventures were chosen from a competitive pool of applicants from across the globe, vetted by an internal review process, and approved by Duality’s Governing Board.

“We’re at such an exciting moment in the development of quantum technologies, and the breadth of startup companies in the second cohort underscores the state’s global draw as a hotbed of quantum innovation,” said Susan Martinis, vice chancellor for research and innovation at the University of Illinois Urbana-Champaign. “From homegrown ventures to European startups, we’re building a quantum-powered future in Illinois—and the world is taking note.”

Through Duality, each startup will receive $50,000 in unrestricted funding and mentorship from top quantum experts. Selected startups will have the opportunity to explore partnerships and access to some of the region’s state-of-the-art equipment and facilities for advanced computing, nanofabrication, atomic-scale measurement, quantum testbeds, and other premier resources.

“It’s exciting to see the Chicago region driving the future of quantum information science and engineering,” said Paul Kearns, director of the U.S. Department of Energy’s Argonne National Laboratory, a founding partner in Duality. “Our scientific leadership is providing early-stage startups the expertise and facilities they need to bring transformative quantum innovations to market. Together, we are accelerating science and technology for U.S. prosperity and security.”

The region has become a burgeoning hub for quantum technology and new venture creation and is home to four of ten federally funded Department of Energy and National Science Foundation quantum research centers, including QuBBE, led by UChicago, Q-NEXT, led by Argonne National Laboratory, Superconducting Quantum Materials and Systems Center (SQMS), led by Fermi National Accelerator Laboratory, and Hybrid Quantum Architectures and Networks (HQAN), led by the University of Illinois Urbana-Champaign.


Source: Duality

Subscribe to HPCwire's Weekly Update!

Be the most informed person in the room! Stay ahead of the tech trends with industy updates delivered to you every week!

12 Midwestern Universities Team to Boost Semiconductor Supply Chain

August 8, 2022

The combined stressors of Covid-19 and the invasion of Ukraine have sent every major nation scrambling to reinforce its mission-critical supply chains — including and in particular the semiconductor supply chain. In th Read more…

Quantum Pioneer D-Wave Rings NYSE Bell, Begins Life as Public Company

August 8, 2022

D-Wave Systems, one of the early quantum computing pioneers, has completed its SPAC deal to go public. Its merger with DPCM Capital was completed last Friday, and today, D-Wave management rang the bell on the New York St Read more…

Supercomputer Models Explosives Critical for Nuclear Weapons

August 6, 2022

Lawrence Livermore National Laboratory (LLNL) is one of the laboratories that operates under the auspices of the National Nuclear Security Administration (NNSA), which manages the United States’ stockpile of nuclear we Read more…

SEA Changes: How EuroHPC Is Preparing for Exascale

August 5, 2022

Back in June, the EuroHPC Joint Undertaking — which serves as the EU’s concerted supercomputing play — announced its first exascale system: JUPITER, set to be installed by the Jülich Supercomputing Centre (FZJ) in 2023. But EuroHPC has been preparing for the exascale era for a much longer time: eight months before... Read more…

HPC Career Notes: August 2022 Edition

August 5, 2022

In this monthly feature, we’ll keep you up-to-date on the latest career developments for individuals in the high-performance computing community. Whether it’s a promotion, new company hire, or even an accolade, we’ Read more…

AWS Solution Channel

Shutterstock 1590905653

Expanded filesystems support in AWS ParallelCluster 3.2

Data is critical to HPC, and ensuring your simulations have the data they need — when they need it — is essential. However, data can originate from many sources and need to be consumed by diverse resources. Read more…

Microsoft/NVIDIA Solution Channel

Shutterstock 1731567844

Using Cloud-Based, GPU-Accelerated Systems for AML Fraud Detection

A major issue facing financial services organizations is tracking fraud due to money laundering. Trying to track money laundering is an expensive and time-consuming process due to the large volumes of financial data which must be analyzed. Read more…

Sniff Test: Supercomputer Research Investigates Odor Neutralizers

August 4, 2022

Factories, farms and landfills are functionally essential to our daily lives, but the less-than-desirable smells they often produce may be somewhat less necessary. Researchers from the University of New Orleans, the Louisiana Department of Environmental Quality, and the Jefferson Parish Department of Environmental Affairs in Jefferson, Louisiana... Read more…

SEA Changes: How EuroHPC Is Preparing for Exascale

August 5, 2022

Back in June, the EuroHPC Joint Undertaking — which serves as the EU’s concerted supercomputing play — announced its first exascale system: JUPITER, set to be installed by the Jülich Supercomputing Centre (FZJ) in 2023. But EuroHPC has been preparing for the exascale era for a much longer time: eight months before... Read more…

Not Just Cash for Chips – The New Chips and Science Act Boosts NSF, DOE, NIST

August 3, 2022

After two-plus years of contentious debate, several different names, and final passage by the House (243-187) and Senate (64-33) last week, the Chips and Science Act will soon become law. Besides the $54.2 billion provided to boost US-based chip manufacturing, the act reshapes US science policy in meaningful ways. NSF’s proposed budget... Read more…

CXL Brings Datacenter-sized Computing with 3.0 Standard, Thinks Ahead to 4.0

August 2, 2022

A new version of a standard backed by major cloud providers and chip companies could change the way some of the world's largest datacenters and fastest supercomputers are built. The CXL Consortium on Tuesday announced a new specification called CXL 3.0 – also known as Compute Express Link 3.0... Read more…

Inside an Ambitious Play to Shake Up HPC and the Texas Grid

August 2, 2022

With HPC demand ballooning and Moore’s law slowing down, modern supercomputers often undergo exhaustive efficiency efforts aimed at ameliorating exorbitant energy bills and correspondingly large carbon footprints. Others, meanwhile, are asking: is min-maxing the best option, or are there easier paths to reducing the bills and emissions of... Read more…

UCIe Consortium Incorporates, Nvidia and Alibaba Round Out Board

August 2, 2022

The Universal Chiplet Interconnect Express (UCIe) consortium is moving ahead with its effort to standardize a universal interconnect at the package level. The c Read more…

OpenCAPI to Be Folded into CXL

August 1, 2022

As the need for speed drives computational workloads, more standards organizations are coalescing around a standard called Compute Express Link – also known a Read more…

US CHIPS Act Close to Being Signed into Law

July 28, 2022

The U.S. House today passed the CHIPS and Science Act of 2022, which authorizes $280 billion in funding to boost semiconductor research and production in the country. The passage of the bill paves the way for U.S. president Joe Biden to sign the legislation into law, which would officially open up funding... Read more…

GE Research Enters the Exascale Era

July 28, 2022

The pitch for GE Research is easy, as Richard Arthur, senior director of computational methods research for GE Research, explained at the latest meeting of the DOE’s Advanced Scientific Computing Advisory Committee (ASCAC): a third of the electrons in the world that flow through devices are generated on GE equipment; every two seconds... Read more…

Nvidia R&D Chief on How AI is Improving Chip Design

April 18, 2022

Getting a glimpse into Nvidia’s R&D has become a regular feature of the spring GTC conference with Bill Dally, chief scientist and senior vice president of research, providing an overview of Nvidia’s R&D organization and a few details on current priorities. This year, Dally focused mostly on AI tools that Nvidia is both developing and using in-house to improve... Read more…

Royalty-free stock illustration ID: 1919750255

Intel Says UCIe to Outpace PCIe in Speed Race

May 11, 2022

Intel has shared more details on a new interconnect that is the foundation of the company’s long-term plan for x86, Arm and RISC-V architectures to co-exist in a single chip package. The semiconductor company is taking a modular approach to chip design with the option for customers to cram computing blocks such as CPUs, GPUs and AI accelerators inside a single chip package. Read more…

The Final Frontier: US Has Its First Exascale Supercomputer

May 30, 2022

In April 2018, the U.S. Department of Energy announced plans to procure a trio of exascale supercomputers at a total cost of up to $1.8 billion dollars. Over the ensuing four years, many announcements were made, many deadlines were missed, and a pandemic threw the world into disarray. Now, at long last, HPE and Oak Ridge National Laboratory (ORNL) have announced that the first of those... Read more…

US Senate Passes CHIPS Act Temperature Check, but Challenges Linger

July 19, 2022

The U.S. Senate on Tuesday passed a major hurdle that will open up close to $52 billion in grants for the semiconductor industry to boost manufacturing, supply chain and research and development. U.S. senators voted 64-34 in favor of advancing the CHIPS Act, which sets the stage for the final consideration... Read more…

Top500: Exascale Is Officially Here with Debut of Frontier

May 30, 2022

The 59th installment of the Top500 list, issued today from ISC 2022 in Hamburg, Germany, officially marks a new era in supercomputing with the debut of the first-ever exascale system on the list. Frontier, deployed at the Department of Energy’s Oak Ridge National Laboratory, achieved 1.102 exaflops in its fastest High Performance Linpack run, which was completed... Read more…

Newly-Observed Higgs Mode Holds Promise in Quantum Computing

June 8, 2022

The first-ever appearance of a previously undetectable quantum excitation known as the axial Higgs mode – exciting in its own right – also holds promise for developing and manipulating higher temperature quantum materials... Read more…

AMD’s MI300 APUs to Power Exascale El Capitan Supercomputer

June 21, 2022

Additional details of the architecture of the exascale El Capitan supercomputer were disclosed today by Lawrence Livermore National Laboratory’s (LLNL) Terri Read more…

PsiQuantum’s Path to 1 Million Qubits

April 21, 2022

PsiQuantum, founded in 2016 by four researchers with roots at Bristol University, Stanford University, and York University, is one of a few quantum computing startups that’s kept a moderately low PR profile. (That’s if you disregard the roughly $700 million in funding it has attracted.) The main reason is PsiQuantum has eschewed the clamorous public chase for... Read more…

Leading Solution Providers

Contributors

ISC 2022 Booth Video Tours

AMD
AWS
DDN
Dell
Intel
Lenovo
Microsoft
PENGUIN SOLUTIONS

Exclusive Inside Look at First US Exascale Supercomputer

July 1, 2022

HPCwire takes you inside the Frontier datacenter at DOE's Oak Ridge National Laboratory (ORNL) in Oak Ridge, Tenn., for an interview with Frontier Project Direc Read more…

AMD Opens Up Chip Design to the Outside for Custom Future

June 15, 2022

AMD is getting personal with chips as it sets sail to make products more to the liking of its customers. The chipmaker detailed a modular chip future in which customers can mix and match non-AMD processors in a custom chip package. "We are focused on making it easier to implement chips with more flexibility," said Mark Papermaster, chief technology officer at AMD during the analyst day meeting late last week. Read more…

Intel Reiterates Plans to Merge CPU, GPU High-performance Chip Roadmaps

May 31, 2022

Intel reiterated it is well on its way to merging its roadmap of high-performance CPUs and GPUs as it shifts over to newer manufacturing processes and packaging technologies in the coming years. The company is merging the CPU and GPU lineups into a chip (codenamed Falcon Shores) which Intel has dubbed an XPU. Falcon Shores... Read more…

Nvidia, Intel to Power Atos-Built MareNostrum 5 Supercomputer

June 16, 2022

The long-troubled, hotly anticipated MareNostrum 5 supercomputer finally has a vendor: Atos, which will be supplying a system that includes both Nvidia and Inte Read more…

India Launches Petascale ‘PARAM Ganga’ Supercomputer

March 8, 2022

Just a couple of weeks ago, the Indian government promised that it had five HPC systems in the final stages of installation and would launch nine new supercomputers this year. Now, it appears to be making good on that promise: the country’s National Supercomputing Mission (NSM) has announced the deployment of “PARAM Ganga” petascale supercomputer at Indian Institute of Technology (IIT)... Read more…

Is Time Running Out for Compromise on America COMPETES/USICA Act?

June 22, 2022

You may recall that efforts proposed in 2020 to remake the National Science Foundation (Endless Frontier Act) have since expanded and morphed into two gigantic bills, the America COMPETES Act in the U.S. House of Representatives and the U.S. Innovation and Competition Act in the U.S. Senate. So far, efforts to reconcile the two pieces of legislation have snagged and recent reports... Read more…

AMD Lines Up Alternate Chips as It Eyes a ‘Post-exaflops’ Future

June 10, 2022

Close to a decade ago, AMD was in turmoil. The company was playing second fiddle to Intel in PCs and datacenters, and its road to profitability hinged mostly on Read more…

Exascale Watch: Aurora Installation Underway, Now Open for Reservations

May 10, 2022

Installation has begun on the Aurora supercomputer, Rick Stevens (associate director of Argonne National Laboratory) revealed today during the Intel Vision event keynote taking place in Dallas, Texas, and online. Joining Intel exec Raja Koduri on stage, Stevens confirmed that the Aurora build is underway – a major development for a system that is projected to deliver more... Read more…

  • arrow
  • Click Here for More Headlines
  • arrow
HPCwire