QuantumCore Partners with IQC and NSERC in $1.7M Traveling-Wave Parametric Amplifier (TWPA) Development Initiative
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QuantumCore Partners with IQC and NSERC in $1.7M Traveling-Wave Parametric Amplifier (TWPA) Development Initiative QuantumCore Ltd. has announced a strategic expansion of its research capabilities through a deepened collaboration with the Institute for Quantum Computing (IQC) at the University of Waterloo. The partnership is bolstered by the company’s inclusion in the Natural Sciences and Engineering Research Council of Canada (NSERC) Alliance Quantum grant program, providing up to $1.7 million in non-dilutive funding. The company had previously closed two rounds of private funding totaling $9 million through non-brokered and brokered private placements with Canaccord Genuity Corp. as lead intermediary and PowerOne Capital Markets Limited and became a public company on April 14, 2026 through a reverse takeover transaction with MGM Resources. The initiative is specifically targeted at accelerating the development of QuantumCore’s superconducting traveling-wave parametric amplifier (TWPA) platform—a component widely considered a “bottleneck” technology for the scaling of superconducting quantum processors. An announcement regarding the company’s receipt of this grant has been posted in their website here. April 25, 2026 dougfinke2026-04-25T12:29:57-07:00 Leave A Comment Cancel replyComment Type in the text displayed above Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.