Equal1
TNO announced its participation in Equal1, an Irish startup with growing operations in the Netherlands. With this investment, TNO further strengthens the Netherlands as a global hub in the field of quantum technology, one of the key technologies within the National Technology Strategy. In addition to this investment, TNO also brings technical expertise to accelerate the scaling up of this startup. The participation comes from TNO’s private holding company. To make optimal use of TNO’s technology and expertise, Equal1 is relocating part of its R&D activities to the Netherlands.
Silicon-Based Quantum Innovation
The company develops a full-stack quantum computer with an AI layer leveraging semiconductor technology. Quantum computers have the potential to solve complex problems that classical computers cannot handle, leading to breakthroughs in climate modeling, financial modeling, and AI in the future.
To build its quantum processor, Equal1 uses silicon spin qubits, a technology that TNO and Delft University of Technology have co-developed.
'TNO’s investment in Equal1 accelerates the realization of our vision to build rack-mounted quantum computers capable of scaling to millions of high-performance qubits on a single quantum chip. TNO is a leader in the field of quantum and we are grateful for their support as this partnership marks a key milestone in our roadmap towards developing the world’s most scalable, practical, and energy-efficient quantum computers.'
Jason Lynch, CEO of Equal1.
Tech participations
TNO makes its technologies, expertise and facilities available to companies through licensing agreements and Tech Participations. Startups and scaleups pay for this in shares, thereby reducing cash-outs. In turn, TNO becomes a strategic partner that helps with the growth and development of innovative enterprises.
TNO Ventures' involvement in spin-offs, startups and scaleups is temporary. Once the companies have grown sufficiently, TNO seeks a suitable exit.
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