Welcome to the Future: Illinois Invests $1.1 Million in EeroQ’s Quantum Computing Headquarters
Insider Brief:
Exciting news coming out of Illinois as Governor JB Pritzker announced a groundbreaking $1.1 million state investment to support EeroQ’s quantum computing headquarters in Chicago. This marks a significant milestone as EeroQ becomes the first quantum company to receive state funding in Illinois.
EeroQ’s technology is truly cutting-edge, utilizing floating electrons above superfluid helium to create scalable qubits that are compatible with CMOS processes and offer long coherence times.
This investment is part of Illinois’ ambitious initiative to build a thriving quantum ecosystem, attracting federal, state, and private investment to strengthen the state’s position in the rapidly growing quantum technology sector.
Strategic Investment in Quantum Innovation
In a move that underscores Illinois’ commitment to quantum technology leadership, EeroQ will receive $1.1 million in capital expenditures as part of the State’s Economic Development for a Growing Economy (EDGE) for Startups agreement, with additional support from the Illinois Innovation Venture Fund (INVENT). Governor Pritzker highlighted the economic impact of quantum computing, emphasizing the creation of high-paying jobs and fostering economic growth in the state.
EeroQ’s innovative technology, which involves floating electrons above superfluid helium to create qubits, has the potential to revolutionize quantum computing. The company’s CEO, Nick Farina, expressed his excitement about establishing their headquarters in Chicago, citing the city’s talent pool and supportive ecosystem as key factors in their decision.
Supporting Illinois’ Quantum Ecosystem
The state of Illinois is committed to fostering a robust quantum ecosystem, with significant investments being made to attract various forms of funding to support quantum technology initiatives. With key institutions such as the University of Chicago and the Chicago Quantum Exchange anchoring the sector, Illinois is well-positioned to become a hub for quantum innovation.
Lt. Governor Juliana Stratton emphasized the importance of this investment in driving tech and innovation within the state, creating new opportunities and pushing the boundaries of what’s possible in the quantum computing realm.
Building a Quantum Future
With federal support and strategic location near critical infrastructure, EeroQ’s new quantum facility in Chicago is poised for rapid growth and innovation. Senator Omar Aquino praised the project for its community impact, highlighting the potential for life-changing discoveries to come out of Humboldt Park.
As EeroQ continues to expand and develop their quantum technology, the company aims to create a commercial quantum computer capable of solving complex problems beyond the capabilities of classical systems. With the support of the Chicago community and access to top talent, EeroQ is set to lead the way in shaping the future of quantum computing.