New Energy and Industrial Technology Development Organization (NEDO, Japan) announced the grant in aid of “Deep-Tech Startups Support Program” to LQUOM, Inc. The total amount of the grant is JPY 402 million for 2 years.
Project: Development of a long-distance quantum repeater system and its market creation
Duration: Sep 12, 2023 – Sep 30, 2025.
Announcement from NEDO: https://www.nedo.go.jp/koubo/CA3_100404.html
LQUOM has been dedicated to the development of a quantum repeater system, which plays a fundamental role in the Quantum Internet.
The grant from NEDO will accelerate our development of the core technologies that lead to the realization of a quantum repeater system as a commercial product.
Quantum repeater is a crucial technology for building the quantum internet that connects the world through quantum communication. We have already cultivated the quantum technologies of a quantum repeater. Through this NEDO project, we aim to develop our quantum technologies, targeting the early implementation of quantum repeater.