Equal1, the silicon quantum computing company, today announced that it has secured €10 million in blended (grant and equity) funding through the European Innovation Council (EIC) Accelerator Programme.

Equal1 is among 99 innovative start-ups and SMEs, from 21 countries, that will receive a total of €627 million of funding through this Horizon Europe program.

The company's third generation QPU chip also has been recently produced. This QPU includes the latest patented silicon qubit array as well as hybrid qubit test structures and high-speed input/output communication links used to bring high-speed data into the quantum core.

Dirk Leipold, Founder and CEO of Equal1: "We are very appreciative of the support from EIC and our other investors. This investment will enable the company to significantly expand our R&D team in Ireland over the next 12 to 18 months, by hiring engineers in areas of AI, silicon, software and quantum computing."

About the EIC Accelerator Programme

The EIC Accelerator Programme offers start-ups and SMEs grants of up to EUR 2.5 million combined with equity investments through the EIC Fund ranging from EUR 0.5 to EUR 15 million. In addition to financial support, all projects benefit from a range of Business Acceleration Services.