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U of Chicago Polsky Center enters partnership to launch the first quantum start-up accelerator in the U.S.

By Jesse Schwartz
Published: April 14th, 2021

The University of Chicago (UChicago) Polsky Center for Entrepreneurship and Innovation has partnered with the Chicago Quantum Exchange to launch the first accelerator in the country focused solely on quantum technology start-ups.

The Duality accelerator will help quantum start-ups take their innovations from the lab to the marketplace. It comes at a time when Chicago is establishing itself as a leading global quantum center, with three of the eight federally funded quantum research centers based in the region.

Backed by $20 million in funding over the next 10 years from a variety of corporate and academic partners, Duality will support up to 10 start-ups each year, providing guidance from leading quantum researchers, as well as entrepreneurial support from UChicago’s Booth School of Business, Chicago Quantum Exchange’s corporate partners, and other business leaders.

“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,” says Robert J. Zimmer, president of UChicago.

“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,” Zimmer adds.

“We are building the future of technology right here in Chicago,” says Chicago Mayor Lori E. Lightfoot. “This program taps the extraordinary talent in the city across fields from science and innovation to entrepreneurship, manufacturing and development, and is a testament to the strengths of this incredible city and its residents.”

Source: Cision

Posted under: Tech Transfer e-News

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