Deadline: 16 February 2025
The Institute of Physics (IOP) is inviting applications for the Quantum Business Innovation and Growth (qBIG) Prize to recognize small and medium-sized companies (SME), start-ups or established business working on taking quantum technology products or solutions to market.
The winner will receive a cash prize, mentoring, and access to the IOP Accelerator and business network. Sponsored by Quantum Exponential.
Benefits
- The winning company will:
- receive a £10,000 unrestricted cash prize;
- receive 10 months’ mentoring from the Quantum Exponential team;
- receive six months’ access to the IOP Accelerator;
- gain access to IOP business support;
- receive a digital trophy for use on marketing materials;
- be invited to attend and exhibit at their annual IOP Business Innovation and Growth Showcase, providing an opportunity to network with funding agencies, key industry figures and policy-makers; and
- have your award-winning innovation highlighted in IOP marketing materials and social media networks.
Eligibility Criteria
- To be eligible your company must:
- be taking innovative products based on quantum science into the quantum sector;
- be an SME incorporated either in the UK or Ireland, a start-up or established;
- provide a sound business plan aiming to make a profit;
- have some proof of validation of a need for the product, ideally by a potential customer;
- be able to show how the prize money would add value to your organisation; and
- intend to seek external equity funding in order to help accelerate the growth of your business.
For more information, visit IOP.
