Deadline: 24 January 2024
Apply for the IOP quantum Business Innovation and Growth (qBIG) Prize, sponsored by Quantum Exponential, is awarded to small and medium-sized companies (SMEs) 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.
Prize
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 the annual IOP Business Innovation and Growth Showcase, providing an opportunity to network with funding agencies, key industry figures and policy-makers;
- have your award-winning innovation highlighted in IOP marketing materials and social media networks; and
- be invited to join the qBIG Group, making connections to help build an even stronger business.
Eligibility Criteria
- To be eligible your company must:
- have the ability to deliver an innovative product/solution that is either quantum-enabled or is for the quantum sector;
- be an SME incorporated either in the UK or Ireland, with a sound business plan aiming for profit;
- have market validation for the product, ideally with a customer;
- have a plan showing how the prize money would add value to the organisation; and
- have an intention to seek external equity funding in order to help accelerate the growth of the business.
For more information, visit Institute of Physics (IOP).
