Nu Quantum Successfully Awarded Four Projects in Government Quantum Funding
Cambridge University spin-out and QTEC Alumni company, 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. The company – based at the world-famous Cavendish Laboratory – says it is “ecstatic” at the news.
Founded only in 2018, Nu Quantum has created a portfolio of patented and ground-breaking single-photon components fundamental to the realisation of commercially-viable photonic quantum technologies.
Nu Quantum has some impressive investors and business builders as partners, including Hermann Hauser’s Amadeus Capital Partners, Martlet – the angel investment vehicle of Marshall of Cambridge – Innovate UK and the University of Cambridge’s commercialisation arm, Cambridge Enterprise among others.