A Trio of Cambridge Companies Receive Government Funding to Help Propel UK to Leadership in Quantum Computing
(BusinessWeeklyUK) Cambridge companies Nu Quantum, Riverlane and Arm are key players in potentially game-changing moves. The trio of bleeding-edge Cambridge companies are being funded by the Government to help propel the UK to global leadership in quantum computing.
Cambridge University spin-out Nu Quantum has been awarded four projects for the Industrial Strategy Challenge Fund for a total of £3.6 million alongside industrial heavyweight partners such as BT, NPL and Airbus.
n a new £70 million funding boom, Arm and Riverlane have won cash and backing from UK Research and Innovation as part of its Quantum Technologies Challenge. Developing one of the world’s first quantum computer operating systems, Riverlane – one of the UK’s first quantum software companies – will partner with world-leading chip architect Arm along with the UK’s leading computing hardware startups to develop an innovative operating system. This will be used across all major quantum computing hardware technologies – helping businesses to unlock commercial opportunities.