Nation’s First Quantum Startup Accelerator, Duality, Launches at UChicago Polsky Center and the Chicago Quantum Exchange

April 7, 2021

April 7, 2021 — The University of Chicago’s Polsky Center for Entrepreneurship and Innovation and the Chicago Quantum Exchange today announced the launch of Duality, the first accelerator program in the nation that is exclusively dedicated to startup companies focused on quantum science and technology—a rapidly emerging area that is poised to drive transformative advances across multiple industries.

Duality’s purpose is to help quantum startups bridge the gap between the laboratory and the marketplace that is a critical barrier to success for emerging technologies. Led by the Polsky Center and the Chicago Quantum Exchange, Duality is also reinforced by founding partners, the University of Illinois Urbana-ChampaignArgonne National Laboratory and P33.

The launch of the quantum accelerator comes at a time when countries around the world are racing to unlock the potential of quantum technology. The Chicago area has emerged as a leading global quantum center, notably last year when the U.S. Department of Energy and the National Science Foundation announced that three of the eight federally funded quantum information science research centers and institutes would be based in the region. Quantum science and technology has the potential to transform industries in the same way that the internet has reshaped the world in recent decades, and leaders hope that the Chicago area is positioned to benefit as the center of the quantum world in the same way that Silicon Valley transformed as it became the center of the tech revolution.

With a minimum $20 million investment over the next 10 years from a broad ecosystem of corporate and academic partners, Duality will help up to 10 quantum startups per year grow their businesses in the Chicago area. The program will be based within the University of Chicago Booth School of Business, a global leader in management education. Chicago Booth is widely known for its thought leadership—with nine Nobel laureates—and its impact on the global business community.

The name Duality refers to a core principle of quantum mechanics, in which a single entity may act as both a particle and a wave. The name also evokes the accelerator’s unique role of bringing together the dual expertise from both leading quantum scientists and business partners to grow and scale quantum startups. Duality will provide entrepreneurs with support from leading quantum researchers, as well as business and entrepreneurial expertise from Chicago Booth, Chicago Quantum Exchange’s corporate partners, the Polsky Center’s broad network, and the networks, facilities, and programming from the University of Illinois Urbana-Champaign, Argonne National Laboratory, and P33. Students and researchers at the University of Chicago and the University of Illinois Urbana-Champaign will have the opportunity to collaborate with and learn from experts in this expanding quantum technology development ecosystem.

Duality is taking applications through its website for the first cohort. Companies are invited to apply and will be considered on a rolling basis until May 14, 2021. Actively promoting diversity, equity and inclusion, the program is seeking a range of diverse applicants, in terms of race, gender and ethnicity.

“The Chicago area has a vital role in generating new science and technology, and Duality will provide critical support to bring quantum science from breakthroughs in the laboratory to practical applications that can foster new businesses, create jobs and improve aspects of the quality of life,” said Robert J. Zimmer, president of the University of Chicago. “This program leverages the unique strengths of the University of Chicago and our partners to convene industry, researchers and venture capitalists to realize the potential of quantum science while simultaneously providing mutual benefit to the research and academic mission of the University of Chicago.”

The state of Illinois has made a strong commitment to support quantum research overall, and Duality will further enhance the region’s ecosystem for technology development and commercialization.

The 12-month accelerator program will focus on supporting and advancing companies that are building quantum technologies, products and applications, and related enabling technologies. Starting virtually in July and continuing in person when COVID-19 restrictions lift, each cohort of companies will have the opportunity to access state-of-the-art facilities, office and lab space, and each startup will receive $50,000 in unrestricted funds.

“The region is uniquely positioned to lead in quantum engineering and other areas of deep tech, meaning the types of early-stage technologies that rely on fundamental scientific breakthroughs to move innovations into use in the world,” said Juan de Pablo, vice president for national laboratories, science strategy, innovation and global initiatives at the University of Chicago. “The combined efforts of the partners in the Duality accelerator, along with our expanding global reach, will further elevate the scientific footprint of Illinois and the larger region.”

A key feature of Duality is that it is based in Hyde Park on the city’s South Side. The University of Chicago, along with partners at UIUC and Argonne, has been actively developing a blueprint for inclusive innovation in the context of quantum engineering and other emerging technologies, whose goal is to expand economic opportunities and drive economic inclusion for South Side residents and diverse businesses.

“The Polsky Center was launched at Chicago Booth and has a proven track record of launching new startup companies and bringing groundbreaking ideas to market,” said Jay Schrankler, associate vice president and head of the Polsky Center for Entrepreneurship and Innovation, and adjunct professor at Chicago Booth. “Deep tech innovations, such as quantum technologies, can take a longer time to reach market-ready maturity than typical business model innovations. Duality will provide the necessary infrastructure, guidance and world-class business training to ensure these new quantum startups are successful.”

UChicago began building a quantum information science program in 2013 with the addition of quantum science faculty and resources. In 2017, the Chicago Quantum Exchange was created to bring together academia, industry, and government to advance the science and engineering of quantum information and train the quantum workforce of the future. Since then, the Chicago Quantum Exchange has scaled to include six academic institutions and national laboratories and more than two dozen industry, nonprofit, and international partners, making it one of the largest collaborative teams working on quantum information science in the world.

The quantum science ecosystem in the Chicago region has grown rapidly. In 2020, scientists from Argonne and UChicago launched a 52-mile “quantum loop” that was among the longest ground-based quantum communication channels in the country. Officials from the U.S. Department of Energy announced at the University of Chicago in July their plans to build a national quantum internet, which will create virtually unhackable networks to transmit information. The following month, the DOE and the National Science Foundation announced that three of the eight federally funded quantum information science research centers and institutes would be based in the Chicago area—including DOE QIS centers, one led by Argonne and one led by Fermilab, and a National Science Foundation quantum leap challenge institute led by the University of Illinois at Urbana-Champaign.

About the founding partners:

The Polsky Center for Entrepreneurship and Innovation applies world-class business expertise from the University of Chicago’s Booth School of Business to bring new ideas and groundbreaking science and technology innovations to market. Originally established at Chicago Booth in 1998, the Polsky Center is a multidisciplinary organization staffed with deeply experienced scientists, business executives, and talented staff responsible for driving technology commercialization through patents and licensing, new venture creation, and commercial partnerships at the University of Chicago. Through education, programming, mentorship, intellectual property and venture support, the Polsky Center provides critical resources to enable the success of entrepreneurs and the establishment and growth of new companies. Learn more at polsky.uchicago.edu.

The Chicago Quantum Exchange connects leading academic talent, top scientific facilities, and prominent corporate and nonprofit partners to advance the science and engineering of quantum information, train the quantum workforce of tomorrow, and drive the local and national quantum economy. Headquartered at the University of Chicago Pritzker School of Molecular Engineering, the Chicago Quantum Exchange is made up of six member institutions: four major research universities and two national laboratories, all within 150 miles of Chicago. Learn more at chicagoquantum.org.

The University of Illinois Urbana-Champaign is a global leader in quantum science, deep tech and nurturing new businesses. Along with top physics, computer engineering, and computer science programs, the university is home to the Illinois Quantum Information Science and Technology Center (IQUIST). The university’s EnterpriseWorks, meanwhile, was one of Forbes magazine’s “10 Technology Incubators Changing the World.” More than 150 startups have launched with EnterpriseWorks’ support.

The U.S. Department of Energy’s (DOE) Argonne National Laboratory is a multidisciplinary science and engineering research center, where talented scientists and engineers work together to answer the biggest questions facing humanity.  Argonne leads Q-NEXT, a DOE Quantum Information Science Research Center that includes three national laboratories, nine universities and 10 of the U.S.’s leading quantum technology companies. Argonne is also home to Chain Reaction Innovations, a successful entrepreneurship program for startups focused on energy and science technologies.

P33, a private sector-led nonprofit, builds a thriving and inclusive tech-based economy for Chicago. P33 is focused on areas of the tech economy that can generate outsized benefit for Chicago with a strategy to unlock the commercial potential of quantum information science from within the region. Learn more at p33chicago.com.


Source: University of Chicago

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!

MLPerf Issues New Inferencing Results, Adds Power Metrics, Nvidia Wins (Again)

April 21, 2021

MLPerf.org, the young ML benchmarking organization, today issued its third round of inferencing results (MLPerf Inference v1.0) intended to compare how well various systems and accelerators perform inferencing on a suite Read more…

Cerebras Doubles AI Performance with Second-Gen 7nm Wafer Scale Engine

April 20, 2021

Nearly two years since its massive 1.2 trillion transistor Wafer Scale Engine chip debuted at Hot Chips, Cerebras Systems is announcing its second-generation technology (WSE-2), which its says packs twice the performance Read more…

The New Scalability

April 20, 2021

HPC is all about scalability. The most powerful systems. The biggest data sets. The most cores, the most bytes, the most flops, the most bandwidth. HPC scales! Notwithstanding a few recurring arguments over the last twenty years about scaling up versus scaling out, the definition of scalability... Read more…

Supercomputer-Powered Climate Model Makes Startling Sea Level Rise Prediction

April 19, 2021

The climate science community is tasked with striking a difficult balance: inspiring precisely the amount of alarm commensurate to the climate crisis. Make estimates that are too conservative, and the public might not re Read more…

San Diego Supercomputer Center Opens ‘Expanse’ to Industry Users

April 15, 2021

When San Diego Supercomputer Center (SDSC) at the University of California San Diego was getting ready to deploy its flagship Expanse supercomputer for the large research community it supports, it also sought to optimize Read more…

AWS Solution Channel

Research computing with RONIN on AWS

To allow more visibility into and management of Amazon Web Services (AWS) resources and expenses and minimize the cloud skills training required to operate these resources, AWS Partner RONIN created the RONIN research computing platform. Read more…

GTC21: Dell Building Cloud Native Supercomputers at U Cambridge and Durham

April 14, 2021

In conjunction with GTC21, Dell Technologies today announced new supercomputers at universities across DiRAC (Distributed Research utilizing Advanced Computing) in the UK with plans to explore use of Nvidia BlueField DPU technology. The University of Cambridge will expand... Read more…

MLPerf Issues New Inferencing Results, Adds Power Metrics, Nvidia Wins (Again)

April 21, 2021

MLPerf.org, the young ML benchmarking organization, today issued its third round of inferencing results (MLPerf Inference v1.0) intended to compare how well var Read more…

Cerebras Doubles AI Performance with Second-Gen 7nm Wafer Scale Engine

April 20, 2021

Nearly two years since its massive 1.2 trillion transistor Wafer Scale Engine chip debuted at Hot Chips, Cerebras Systems is announcing its second-generation te Read more…

The New Scalability

April 20, 2021

HPC is all about scalability. The most powerful systems. The biggest data sets. The most cores, the most bytes, the most flops, the most bandwidth. HPC scales! Notwithstanding a few recurring arguments over the last twenty years about scaling up versus scaling out, the definition of scalability... Read more…

San Diego Supercomputer Center Opens ‘Expanse’ to Industry Users

April 15, 2021

When San Diego Supercomputer Center (SDSC) at the University of California San Diego was getting ready to deploy its flagship Expanse supercomputer for the larg Read more…

GTC21: Dell Building Cloud Native Supercomputers at U Cambridge and Durham

April 14, 2021

In conjunction with GTC21, Dell Technologies today announced new supercomputers at universities across DiRAC (Distributed Research utilizing Advanced Computing) in the UK with plans to explore use of Nvidia BlueField DPU technology. The University of Cambridge will expand... Read more…

The Role and Potential of CPUs in Deep Learning

April 14, 2021

Deep learning (DL) applications have unique architectural characteristics and efficiency requirements. Hence, the choice of computing system has a profound impa Read more…

GTC21: Nvidia Launches cuQuantum; Dips a Toe in Quantum Computing

April 13, 2021

Yesterday Nvidia officially dipped a toe into quantum computing with the launch of cuQuantum SDK, a development platform for simulating quantum circuits on GPU-accelerated systems. As Nvidia CEO Jensen Huang emphasized in his keynote, Nvidia doesn’t plan to build... Read more…

Nvidia Aims Clara Healthcare at Drug Discovery, Imaging via DGX

April 12, 2021

Nvidia Corp. continues to expand its Clara healthcare platform with the addition of computational drug discovery and medical imaging tools based on its DGX A100 platform, related InfiniBand networking and its AGX developer kit. The Clara partnerships announced during... Read more…

Julia Update: Adoption Keeps Climbing; Is It a Python Challenger?

January 13, 2021

The rapid adoption of Julia, the open source, high level programing language with roots at MIT, shows no sign of slowing according to data from Julialang.org. I Read more…

Intel Launches 10nm ‘Ice Lake’ Datacenter CPU with Up to 40 Cores

April 6, 2021

The wait is over. Today Intel officially launched its 10nm datacenter CPU, the third-generation Intel Xeon Scalable processor, codenamed Ice Lake. With up to 40 Read more…

CERN Is Betting Big on Exascale

April 1, 2021

The European Organization for Nuclear Research (CERN) involves 23 countries, 15,000 researchers, billions of dollars a year, and the biggest machine in the worl Read more…

Programming the Soon-to-Be World’s Fastest Supercomputer, Frontier

January 5, 2021

What’s it like designing an app for the world’s fastest supercomputer, set to come online in the United States in 2021? The University of Delaware’s Sunita Chandrasekaran is leading an elite international team in just that task. Chandrasekaran, assistant professor of computer and information sciences, recently was named... Read more…

HPE Launches Storage Line Loaded with IBM’s Spectrum Scale File System

April 6, 2021

HPE today launched a new family of storage solutions bundled with IBM’s Spectrum Scale Erasure Code Edition parallel file system (description below) and featu Read more…

10nm, 7nm, 5nm…. Should the Chip Nanometer Metric Be Replaced?

June 1, 2020

The biggest cool factor in server chips is the nanometer. AMD beating Intel to a CPU built on a 7nm process node* – with 5nm and 3nm on the way – has been i Read more…

Saudi Aramco Unveils Dammam 7, Its New Top Ten Supercomputer

January 21, 2021

By revenue, oil and gas giant Saudi Aramco is one of the largest companies in the world, and it has historically employed commensurate amounts of supercomputing Read more…

Quantum Computer Start-up IonQ Plans IPO via SPAC

March 8, 2021

IonQ, a Maryland-based quantum computing start-up working with ion trap technology, plans to go public via a Special Purpose Acquisition Company (SPAC) merger a Read more…

Leading Solution Providers

Contributors

Can Deep Learning Replace Numerical Weather Prediction?

March 3, 2021

Numerical weather prediction (NWP) is a mainstay of supercomputing. Some of the first applications of the first supercomputers dealt with climate modeling, and Read more…

Livermore’s El Capitan Supercomputer to Debut HPE ‘Rabbit’ Near Node Local Storage

February 18, 2021

A near node local storage innovation called Rabbit factored heavily into Lawrence Livermore National Laboratory’s decision to select Cray’s proposal for its CORAL-2 machine, the lab’s first exascale-class supercomputer, El Capitan. Details of this new storage technology were revealed... Read more…

New Deep Learning Algorithm Solves Rubik’s Cube

July 25, 2018

Solving (and attempting to solve) Rubik’s Cube has delighted millions of puzzle lovers since 1974 when the cube was invented by Hungarian sculptor and archite Read more…

African Supercomputing Center Inaugurates ‘Toubkal,’ Most Powerful Supercomputer on the Continent

February 25, 2021

Historically, Africa hasn’t exactly been synonymous with supercomputing. There are only a handful of supercomputers on the continent, with few ranking on the Read more…

AMD Launches Epyc ‘Milan’ with 19 SKUs for HPC, Enterprise and Hyperscale

March 15, 2021

At a virtual launch event held today (Monday), AMD revealed its third-generation Epyc “Milan” CPU lineup: a set of 19 SKUs -- including the flagship 64-core, 280-watt 7763 part --  aimed at HPC, enterprise and cloud workloads. Notably, the third-gen Epyc Milan chips achieve 19 percent... Read more…

The History of Supercomputing vs. COVID-19

March 9, 2021

The COVID-19 pandemic poses a greater challenge to the high-performance computing community than any before. HPCwire's coverage of the supercomputing response t Read more…

HPE Names Justin Hotard New HPC Chief as Pete Ungaro Departs

March 2, 2021

HPE CEO Antonio Neri announced today (March 2, 2021) the appointment of Justin Hotard as general manager of HPC, mission critical solutions and labs, effective Read more…

GTC21: Nvidia Launches cuQuantum; Dips a Toe in Quantum Computing

April 13, 2021

Yesterday Nvidia officially dipped a toe into quantum computing with the launch of cuQuantum SDK, a development platform for simulating quantum circuits on GPU-accelerated systems. As Nvidia CEO Jensen Huang emphasized in his keynote, Nvidia doesn’t plan to build... Read more…

  • arrow
  • Click Here for More Headlines
  • arrow
HPCwire