BOSTON, MA and NEW YORK, NY and MOSCOW--(Marketwire - Dec 10, 2012) - Quantum Wave Fund (Qwave) with headquarters in Boston today announced it has raised $30 million in capital with potential to reach $100 million dollars to fund breakthrough companies that utilize quantum materials and technologies. Quantum Wave Fund is the first fund specialized for companies developing technologies suitable for quantum technologies. Quantum physics is a hot area and quantum particles was the winning topic for the 2012 Nobel Prize for Physics.
Though typically considered far into the future, quantum physics is being commercialized today by scientist/entrepreneurs to solve real-world challenges. Quantum materials and technologies are rapidly evolving and entrepreneurs are harnessing new technologies to create breakthrough companies. An understanding of quantum physics spawned the semiconductor industry and ushered in the development of laser technologies. Among the potential results of this research are safe data transmission networks, new materials with superior properties, optical sub-micron transistors, high-frequency optical electronics, new systems for ultrasensitive imaging of the brain, and compact and accurate clocks for navigation systems. Moreover, new innovations based on cutting-edge quantum technology will dominate the future landscape of many industries including IT and security. When quantum communications and computation go mainstream, the Quantum Fund will be one of the pioneers to drive this opportunity.
The fund's current pipeline companies represent the fastest growing segments in areas of quantum technologies, including quantum encryption security, new materials and quantum devices. The Fund invests in early stage companies with developed products all over the world. The amount of investment ranges from two million to ten million dollars. In addition to funding, Quantum Wave Fund will help these companies to improve processes in engineering, production, marketing and sales when ready to supply these devices to the global market.
The Quantum Wave Fund Team
The fund's key team members and advisors bring a unique and high level of entrepreneurial and technological experience. The fund's team is composed of a mix of physicists with PhDs in nuclear physics, computer science, and high-tech engineers who are also experienced entrepreneurs with a proven track record in company development and operational successes. The fund's scientific advisory board includes professors and scientists from Harvard, Purdue and quantum centers around the world providing the highest level of quantum experience. Fund members' rich business experience and past successes position the team to identify quantum technology investments and understand market opportunities.
Supporting Quotes from the Management Team
Dr. Serguei Kouzmine, managing partner at Quantum Wave Fund, holds a PhD in physics with over 20 years of entrepreneurial experience.
"The Quantum Wave Fund has gathered a unique team of global experts who have a proven understanding of business, markets and technology. We are going to invest in technologies, which will drive technological infrastructure resulting in lots of helpful devices and materials that could be invented to serve quantum computers."
Dr. Serguei Beloussov, venture partner at Quantum Wave Fund, holds a PhD in computer science. He is a founder of Parallels, Acronis, Acumatica and a senior partner at technology-focused fund Runa Capital.
"Starting from 1970s, the venture capital industry stopped traditional investing into sophisticated and capital intensive projects. Investors initially shifted to segment of software, and currently they invest more into B2C projects in the Internet. While establishing Russian Quantum Center, together with professors from Harvard and MIT, we visited many leading universities that perform research in the field of quantum technologies. We realized that there are many teams that develop and sell unique devices. But their common problem was the lack of scale -- these devices were built by scientists who do not know how to scale up their developments into multimillion technology businesses. The mission of Qwave is to finance such teams and to help them improve processes of engineering, production, marketing and sales to supply new devices to the global market."
Dr. Vladimir M. Shalaev, member of Scientific Advisory Board of Quantum Wave Fund. He is a Scientific Director of Nanophotonics, Bob and Anne Burnett Distinguished Professor of Electrical and Computer Engineering, Professor of Biomedical Engineering and Professor of Physics at Purdue University.
"It's indeed fantastically good that there is a venture fund, Qwave, which is focused on supporting and commercializing the quantum technology, which no doubt will be a basis for the next technology revolution comparable to what happened after personal computers and transistors became the every-day reality."
About Quantum Wave Fund
Quantum Wave Fund is a venture capital firm focused on seeking out early stage private companies with breakthrough quantum technology. Our mission is to help these companies capitalize on their opportunities and provide a platform for our investors to participate in the quantum technology wave. For more information, visit http://qwcap.com/.