The Washington Post reports that the accelerator program, based at the University’s Booth School of Business, will invest $20 million over the next 10 years to help “up to 10 quantum startups a year.” Each chosen startup will receive “$50,000 grants, access to lab and office space and close mentoring by science and business faculty members.”
It also reveals that, “the Duality accelerator is hoping to leverage the physics and engineering expertise from its university partners, and from the nearby Argonne and Fermi national labs, to support commercial ideas bubbling up from PhD students and others.” An earlier startup program at the University supported Grubhub and Venmo.
See the full story here: https://www.etcentric.org/university-of-chicago-debuts-first-u-s-quantum-accelerator/#more-158673