Investors buoy established quantum start-ups as technological progress continues, though at a slower pace, and more academic institutions offer quantum programs. This analysis highlights the industrys evolution and the narrowing talent gap.

Last year, quantum technologies moved closer to fulfilling their promise to resolve challenges that are impossible or prohibitively expensive to tackle with todays technologies. Our updated analysis for the 2023 Quantum Technology Monitor shows that the four industries likely to see the earliest economic impact from quantum computing automotive, chemicals, financial services, and life sciences stand to potentially gain up to $1.3 trillion in value by 2035. The public and private sectors continue to pour investments into quantum technology start-ups, with $2.35 billion invested in 2022 alone, marking the highest annual level of quantum technology start-up investment. Technological breakthroughs such as the development of advanced quantum processors and the demonstration of quantum advantage highlight the year's progress, while the talent gap seems to be narrowing thanks to new academic programs.

Quantum technology sees record investments, progress on talent gap

Quantacet is an eagerly-awaited new player within Quebecs innovation ecosystem, bringing an added dimension to the range of resources available for creating, supporting, developing, and attracting quantum startups in Quebec. This fund will play a key role in the growth of the quantum industry in Quebec, which has already benefited from numerous private and public investments in recent years. By joining a select group of quantum funds based around the world, Quantacet confirms Quebecs international leadership in this field.

Quantacet, the latest addition to Quebec's innovation ecosystem, has made a significant mark with its announcement of a $20 million first closing for their new venture capital fund dedicated to quantum technology startups. As a highly-anticipated player in the industry, Quantacet is set to bring a fresh perspective and additional resources to support, nurture, and attract quantum startups in Quebec.

With the quantum industry in Quebec already thriving thanks to previous private and public investments, Quantacet's fund is poised to play a pivotal role in further accelerating the growth and development of this sector. By aligning with a global network of quantum funds, Quantacet is not only strengthening Quebec's position on the international stage but also showcasing the province's leadership in quantum technology.

This latest milestone for Quantacet is a testament to the ongoing support and confidence in Quebec's innovative landscape, setting the stage for promising advancements, collaborations, and successes in the quantum technology space. As the fund continues to evolve and expand its reach, it is clear that Quantacet is well-positioned to make a lasting impact and drive significant progress in Quebec's quantum industry.

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Quantum technology sees record investments, progress on talent gap

Quantacet, a new venture capital fund based in Quebec and dedicated to quantum technology startups, has announced a first closing of $20 million.

StartupsView All Blogs

Quantum technology sees record investments, progress on talent gap

Quantacet, a new venture capital fund based in Quebec and dedicated to quantum technology startups, has announced a first closing of $20 million.

Startups View All Blogs