Ernst & Young Signs On As Founding Partner of Quantum Startup Foundry at U of Maryland
(UMD) Ernst & Young (EY) announced it has signed on as a founding partner of the Quantum Startup Foundry (QSF), a business incubator recently established at the University of Maryland to accelerate leading-edge technologies that promise to remake whole industries and economic sectors.
EY’s decision to become the first founding member of the QSF was supported by both Raj Sharma, EY Americas financial services consulting managing partner; and Matthias Loh, EY financial services technology leader; who recognized the benefits of the collaboration to the financial services industry, as well as the opportunity to drive a new wave of innovative offerings.
During his inauguration in April, UMD President Darryll J. Pines announced the launch of the QSF as a signature program designed to make it easier for quantum startups around the world to access the unique resources housed within the university, as well as at regional partners in the Mid-Atlantic Quantum Alliance.
The QSF offers the TraQtion program to leverage these resources and other partnerships to connect companies with large government contractors for technology validation and potential customers looking for quantum and quantum-enabling technologies. Its Pre-TraQtion program is designed for earlier-stage quantum and enabling technology startups who are looking for grant funding opportunities. Learn more at quantum.umd.edu/startup.
“We are thrilled to work so closely with the world’s leading services provider to the technology and financial services sectors,” said Julie Lenzer, UMD’s chief innovation officer and the founding director of the QSF. “EY can provide an unparalleled network and deep insights into customer needs that will help our companies develop and deliver the products and solutions that will deliver on quantum’s enormous, transformational potential.”