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Excelitas Technologies Corp. - X-Cite Vitae LB 11/24

Quantum Startup Accelerator Launches in Chicago

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Duality, a startup accelerator focused on advancing quantum science and technology, will help as many as 10 companies per year grow their businesses in the Chicago area. The University of Chicago’s Polsky Center for Entrepreneurship and Innovation and the Chicago Quantum Exchange are co-leading Duality. Argonne National Laboratory, the University of Illinois at Urbana-Champaign, and private sector-led nonprofit P33 are founding partners. Duality is supported by a minimum $20 million investment over the next 10 years, according to a press release. Enrolled companies will be...Read full article

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    Published: April 2021
    Glossary
    quantum
    The term quantum refers to the fundamental unit or discrete amount of a physical quantity involved in interactions at the atomic and subatomic scales. It originates from quantum theory, a branch of physics that emerged in the early 20th century to explain phenomena observed on very small scales, where classical physics fails to provide accurate explanations. In the context of quantum theory, several key concepts are associated with the term quantum: Quantum mechanics: This is the branch of...
    BusinesseducationChicagoUniversity of ChicagoquantumArgonneArgonne National LabArgonne LaboratoryUniversity of Illinoisstartup acceleratorentrepreneurshipgovernmentlight speed

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