The Straits Times reported that SGInnovate has signed a Memorandum of Intent (MOI) with the Centre for Quantum Technologies (CQT) at NUS promote quantum technology in Singapore. Through the two-year collaboration, both organisations will aid local researchers working within the quantum technology field to upscale their solutions to reach and connect with the commercial industry, transforming quantum science into solid, scalable industry solutions. The two parties will also host joint events and workshops to promote quantum tech and awareness of quantum tech, especially among potential industry partners and investors, aiming to reach over 2,000 individuals from the deep tech ecosystem in Singapore. The partnership adds to SGInnovate’s recent investment in quantum tech startups, such as communications-focused startup SpeQtral, quantum computing startup Horizon Quantum Computing, and Atomionics, which works on using atomic waves for navigation and exploration in areas without GPS systems.
Speaking to The Business Times, Steve Leonard, Founding CEO of SGInnovate, mentioned that talks are in progress with various VC firms to invest in quantum startups. “Through our partnership with the Centre for Quantum Technologies, we are going straight to the source of remarkable quantum research conducted in Singapore. We want to help entrepreneurial scientists working with quantum technologies to build commercially successful startups,” said Steve.