Deadline Date: April 12, 2026
The qBIG Prize is a prestigious award designed to support small and medium-sized companies, including start-ups and established businesses, that are actively working to bring quantum technology products or solutions to market.
The focus areas for this opportunity include innovation in quantum science-based products, enabling technologies for the quantum sector, business growth and scale, and market validation of quantum solutions.
The qBIG Prize is awarded to companies that demonstrate strong potential in commercialising quantum technologies. To qualify, companies must be SMEs incorporated in the UK or Ireland, with a clear business plan aimed at profit. Applicants must show evidence of market need and validation, ideally through a potential customer, and explain how the prize will add value to their business. The prize targets organisations with ambitions to accelerate growth and scale their operations.
The winning company will receive a £10,000 unrestricted cash prize, along with 10 months of mentoring from the Quantum Exponential team. They will also gain six months’ access to the IOP Accelerator and benefit from IOP business support. In addition, the winner will receive a digital trophy for marketing use and be invited to attend and exhibit at the annual IOP Business Innovation and Growth Showcase, providing networking opportunities with funding agencies, industry leaders, and policy-makers. The award-winning innovation will also be highlighted in IOP marketing materials and social media networks.
For more information, visit Institute of Physics.
