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Spotlight on Innovation

Equal1

Industry

Industry

Quantum Computing

Innovation Goal

Innovation Goal

Create breakthroughs through quantum computing

Support name

Support name

Disruptive Technology Innovation Fund (DTIF)

Equal1: Taking a Quantum Leap with Enterprise Ireland

Enterprise Ireland has been with Equal1 from the start of their journey, helping them build their capabilities to develop quantum computing tech, expand to five global locations, and grow to 36 employees. This partnership has led the company to groundbreaking innovation and commercialisation success.

Equal1 is a pioneering silicon quantum computing company that is revolutionising industries such as pharmaceuticals, finance, and transportation with its cutting-edge technology

A: Initially, we were funded by Atlantic Bridge and Enterprise Ireland through a university seed fund – our first major contact involved discussions on the company's vision. Enterprise Ireland's investment allowed Equal1 to participate in the Disruptive Technology Innovation Fund (DTIF) project. This empowered us to hire our first 10 employees and collaborate with companies like Mastercard and IBM.

A: Enterprise Ireland provided the early investment we needed to develop our quantum computing technology. Over the past 12 to 18 months, their support has been invaluable for our international expansion, helping us to establish operations by providing local contacts. They've also introduced us to potential customers and collaborators, which was crucial as we moved towards commercialisation.

A: We have successfully hired a multidisciplinary team of PhDs, developed our quantum computing technology, grew to 36 employees across five locations & raised €25 million in investment to continue international expansion.

A: The open-door policy and extensive assistance have been crucial for our international expansion, allowing us to establish operations in the US, Canada, Ireland, the Netherlands, and Romania. It's a significant factor in our continued partnership with Enterprise Ireland.

A: If you’re thinking about applying for R&I support from Enterprise Ireland, I’d say go for it. They’ve been a huge help to us, offering massive support that’s really driven our success. Whether you’re working on valuable IP or creating unique products, their backing can make a big difference. Enterprise Ireland’s resources and guidance can really help turn your innovative ideas into reality.



 

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