TIDMQBIT
RNS Number : 8702F
Quantum Exponential Group PLC
10 November 2022
10 November 2022
Quantum Exponential Group plc
(the 'Company' or 'Quantum Exponential' or 'QBIT')
QBIT sponsors innovation award with the Institute of Physics
Quantum Exponential Group plc (AQUIS: QBIT), a company focused
on investing in quantum technology, is pleased to announce that it
will be sponsoring a newly launched Quantum Business Innovation and
Growth Group Award ('qBIG Award'), in a 3-year agreed collaboration
with The Institute of Physics ('IOP').
The prestigious award will support the growth in the quantum
technologies sector, focusing on innovation and the
commercialisation of quantum technologies. The qBIG Award winner is
to be selected by IOP's qBIG Group Committee, which includes
business leaders from Aegiq, Airbus, AnchoredIn, BAE Systems,
Coherent, Cold Quanta, Fraunhofer, Leonardo, NQCC, ORCA Computing,
Oxford Instruments, Quantum Base Alpha, Quantum Dice, Slingby
Partners, Thales, and Trace Element alongside Quantum Exponential
.
Winners of the qBIG Award will receive GBP10,000 in an
unrestricted cash prize, 10 months of mentoring from Quantum
Exponential's Investment team and access to its investment network,
alongside opportunities via the IOP's qBIG's growing business
community of industrial quantum physicists, engineers, innovators
and entrepreneurs. The prize winners also receive six months' free
use of the IOP's Accelerator Workspace, and they will be profiled
in IOP's annual business showcase exhibition.
For more information, eligibility and criteria for the qBIG
Award, visit the IOP's website: https://www.iop.org/
Commenting on the forthcoming workshop, Stuart Nicol, Chief
Investment Officer at Quantum Exponential said: "Quantum
Exponential is delighted to be collaborating with the IOP again,
our previous endeavour 'The Business Briefing workshop' provided
entrepreneurs with invaluable first-hand knowledge of the quantum
investment sector.
" I am immensely proud to announce our continued relationship
with such a prestigious institution as the IOP. Through the 3-year
agreement, we hope to support a more diverse portfolio of potential
investments financially, as well as offering broader support
through, for example, advice and mentoring.
" We hope that the sponsorship of IOP's new innovation award
will help promote the commercialisation of UK quantum, drive
increased support from across the industry and help accelerate the
wider market appetite for quantum investments."
Anne Crean, Head of Science and Innovation from the Institute of
Physics added: "This is the second time that we have worked
alongside Quantum Exponential, and it is great to see that they are
increasing their partnership with us, not only by becoming a
founding member of the Quantum Business Innovation and Growth Group
but also by sponsoring the new innovation award.
" We hope that this in turn will provide a financial boon and
Quantum Exponentials significant investment experience to the
winning company that will help them succeed in the UK's
ever-growing quantum technology sector."
Richard Tatham, Intellectual Property Counsel from ORCA
Computing said: "It is fantastic to see the announcement of a joint
partnership between the Institute of Physics and Quantum
Exponential plc and their sponsorship of the qBIG Award. Awards
like these are so important in helping SME businesses get the
necessary exposure that will help them succeed in the quantum
technologies industry."
"qBIG member, Dr. Harriet van der Vliet, Product Segment Manager
- Quantum Technologies at Oxford Instruments NanoScience stated:
"For the UK to be a shining light in Europe's quantum industry, we
need more support from across the ecosystem, such as the qBIG
Award. It is, therefore, brilliant to see private companies playing
their part in pushing the UK's quantum industry forward by
sponsoring prestigious awards, as well as investing in SMEs that
can make a difference in the quantum space."
**ENDS**
For more information, visit the Company's website: www.quantum-exponential.co.uk or contact:
Quantum Exponential quantum@stbridespartners.co.uk
Steven Metcalfe, Chief Executive
Officer
Novum Securities (AQSE Corporate Tel: +44 (0)20 7399 9400
Adviser)
David Coffman, George Duxberry
-------------------------------
Oberon Capital (Broker) Tel: +44 (0)20 3179 5344
Mike Seabrook, Chris Crawford
-------------------------------
St Brides Partners Limited quantum@stbridespartners.co.uk
(Financial PR)
Catherine Leftley, Ana Ribeiro,
Isabelle Morris
-------------------------------
About Quantum Exponential Group plc
Quantum Exponential is a first of its kind, AQSE Growth Market
enterprise company, focused on opportunities in quantum technology
and the wider quantum computing sector, with an advisory board made
up of industry advisors, entrepreneurs, and technology investment
professionals with broad access to quantum opportunities and
markets. Quantum Exponential's investment strategy is to assemble a
portfolio of minority investments in early-stage global quantum
technology companies, primarily in NATO allied countries, offering
institutional and private investors access to revolutionising
technologies and industries in the realms of artificial
intelligence, manufacturing and healthcare.
About the IOP
The Institute of Physics (IOP) is the professional body and
learned society for physics in the UK and Ireland, with an active
role in promoting cooperation in physics around the world. IOP
strive to make physics accessible to people from all backgrounds.
IOP's 21,000 members demonstrate their professional expertise in
physics in settings ranging from schools, universities and national
research facilities to businesses of all sizes, and in roles as
varied as a teacher, researcher, apprentice, technician, engineer
and product developer.
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END
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November 10, 2022 02:00 ET (07:00 GMT)
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