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University of Maryland and Mid-Atlantic Quantum Alliance launch quantum business incubator


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COLLEGE PARK, Md. - The University of Maryland has launched a new business development arm to nurture quantum-focused startups. The Quantum Startup Foundry created through an initial $25 million investment from the university s newly established Discovery Fund, and with key funding from the state of Maryland will support new businesses in the quantum technology field.
The Quantum Startup Foundry also draws from the Mid-Atlantic Quantum Alliance (MQA) comprised of universities, major corporations, startups, and government labs. The 24-member MQA is a rapidly growing hub of quantum technology research, development, innovation and education organized and facilitated by UMD.
University of Maryland President Darryll J. Pines announced the Quantum Startup Foundry at an event honoring UMD s inventions, startups, mentors and student entrepreneurs. Pines said the quantum technology field stands poised to disrupt everything from cybersecurity and energy, to medical d ....

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