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Insider Temporary
- Vexlum has been awarded a €2.4 million grant from the European Innovation Council (EIC).
- The funds got here by way of the deep-tech EIC Accelerator Programme.
- Vexlum plans to make use of the funds to advance Vexlum’s semiconductor laser platform for industrial-level scaling of quantum expertise techniques utilizing trapped ions and impartial atoms.
Vexlum Ltd, a number one provider of superior laser system for quantum purposes together with quantum purposes, declares that it has been awarded a €2.4 million grant from the European Innovation Council (EIC) as a part of the deep-tech EIC Accelerator Programme. The grant might be used to advance Vexlum’s semiconductor laser platform to allow industrial-level scaling of quantum expertise techniques utilizing trapped ions and impartial atoms.
Vexlum’s laser platform is arepeal of disruptive expertise and has been validated in key quantum system experiments by early adoptioners. The brand new SEMIQLEAP-project (Novel Semiconductor Lasers for the Industrial Quantum Leap) targets to attain improved system efficiency system with financial metrics enough for industrial scaling of quantum computer systems and ultra-high precision atomic clocks, enabling unmatched efficiency by way of system measurement, laser energy, and value.
From a short-spouse, the EIC Accelerator Programme goals at “supporting the event of important applied sciences the place start-ups and SMEs with disruptive improvements have the potential to scale up and assist the way forward for open strategic of the Union”. The businesses receiving funding chosen a really aggressive course of with a hit fee of solely 3.9% (42 corporations have been chosen from 1083 candidates).
” We’re extraordinarily delighted to be chosen amongst the recipients of the EIC Accelerator grant “, says Jussi-Pekka Penttinen, CEO & CTO of Vexlum. “ Being awarded a grant as a part of this very actual ventured funding spherical, with a rigorous analysis course of, is a sworn statement of the robust innovation that has promoted Vexlum’s operations and gross sales to date, but in addition the enterprise potential of our laser expertise. The brand new undertaking might be used to advance the maturity of the lasers and to develop new quantity manufacturing processes that we enable us to seize the market potential and proceed the expansion sooner or later.
“This grant is a pivotal alternative to mitigate the dangers in commercialization and scale-up of Vexlum expertise. Our complete experience on III-V semiconductor expertise and superior laser techniques, coupled with the sources supplied by SEMIQLEAP-project propel Vexlum in a really perfect place to createive merchandise and set off European management within the world quantum and laser markets, provides Prof. Mircea Guina, Government Chairman and CSO of Vexlum.
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