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BlackBerry Co-Founders Start $100M Quantum Technology Fund

By TechTaffy Desk

Mike Lazaridis and Doug Fregin, who together founded BlackBerry, have partnered again to establish Quantum Valley Investments, a $100 million private fund focusing on quantum information science.

Quantum Valley Investments is headquartered in Waterloo, Ontario, Canada.

Mike Lazaridis: Nothing you see in the classical technology world can prepare you for what you will see in the quantum technology revolution.

At the launch of the Quantum-Nano Centre in 2012, Mr. Lazaridis described the quantum research capability that has been developed in Waterloo as the ‘Bell Labs of the Twenty First Century.’ He and Mr. Fregin believe that in the same way discoveries at Bell Labs led to commercialization opportunities that created Silicon Valley, so will the breakthroughs that occur at the Institute for Quantum Computing, the Perimeter Institute for Theoretical Physics, and the Waterloo Institute for Nano Technology lead to transformative commercialization opportunities in the region.

Upload: 03-28-13

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