Dutch Startup CUbIQ Technologies Secures prestigious NWO Take-off Grant to Develop Quantum Secure Coherent Engine
Eindhoven, NL – CUbIQ Technologies, a Dutch startup based out of Eindhoven University of Technology, has secured the prestigious NWO Take-off grant 2 from the Dutch Research Council (NWO (Nederlandse Organisatie voor Wetenschappelijk Onderzoek)). This funding will allow the company to continue developing its quantum secure communication engine that is 100x lower in cost and power consumption than existing solutions. The engine will enable quantum secure transceivers almost the size of a USB stick, making it easy to deploy and integrate into existing networks.
Key highlights
CUbIQ’s quantum secure communication engine offers several key advantages over its competitors. First, it is significantly more affordable, lowering the barrier for the introduction of quantum security. Second, it is highly efficient, consuming lower power than what is currently available on the market. The engine enables compact and easy to deploy quantum security solutions, making it ideal for a wide range of applications.
Target Market
CUbIQ Technologies is targeting the $3 billion quantum cryptography market by 2028. The company’s technology is ideal for use by organizations for a range of use-cases in government, healthcare, and finance, where data security is critical. Transceivers enabled by CUbIQ’s solution can be used to secure sensitive communications between different locations, ensuring that data remains confidential even in the face of developments from quantum computers.
About CUbIQ Technologies
CUbIQ Technologies is a pioneering startup that is developing quantum-secure systems. The company is based in Eindhoven and is closely affiliated with Eindhoven University of Technology (TU/e) and is leveraging the strong ecosystem in the Brainport region to commercialize its technology. The company is currently developing its quantum secure systems as part of the Quantum Delta NL GrowthFunds on Quantum Technology and the EuroQCI project QCINed. CUbIQ is committed to supporting the EU Cybersecurity Strategy aiming to ensure a global and open Internet with strong quantum-enhanced safeguards for the people in Europe. CUbIQ aims to deliver its first pre-commercial systems by the end of 2024.