Why should you consider this program? Simply put, it offers up to $1 million in funding to cover 50% of eligible project costs for collaborative research in quantum technologies. This support can significantly lighten your financial load, allowing you to explore groundbreaking ideas without taking on the full burden. By joining forces with other SMEs or startups, you not only share costs but also the benefits and intellectual property of your innovation project.

This program empowers you to strengthen your competitive edge and push the boundaries of technology. Funding can be allocated for various project-related costs, making it a versatile resource for businesses eager to innovate in the quantum space. Take this chance to collaborate, innovate, and advance your vision—all while benefiting from substantial funding that traditional financing might not offer.

In short, applying is straightforward, and the potential rewards for your business are immense. With no minimum revenue or employee requirements, this opportunity is tailored for companies of all shapes and sizes. Don't miss your chance to elevate your business into the future of technology!

Type of Financing
The financing is a Grant. You can receive a maximum of $1 million to cover up to 50% of eligible costs for your project. This means you don't have to worry about repayment or interest rates. It’s free money for your business as long as you meet the program's criteria.

Eligible Expenses
You can use the funds for expenses related to collaborative research in quantum technologies. This includes things like:

• Research and development costs
• Equipment purchases
• Prototyping expenses
• Personnel costs tied to the project

Restrictions and Fees
Funds cannot be used for general operational costs that are not directly tied to the project. There are no hidden fees associated with this program, so you can focus on innovation without worrying about additional costs.

• Location: Available across the country.
• Sectors: Open to all sectors.
• Employees:
  • No minimum employee requirement.
  • No maximum employee limit.
• Company Revenue:
  • No minimum revenue qualification.
  • No maximum revenue limit.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.
• Collaboration Requirement: Must involve two or more SMEs or one SME and one startup.
• Cost Sharing: Companies must share costs, benefits, and intellectual property of the innovation project.

Disqualifications:

• None specified in the context provided.

You can receive up to $1 million to help fund your quantum technology project. This program covers 50% of the eligible project costs and promotes collaboration among small and medium-sized enterprises (SMEs) or a mix of SMEs and startups. Working together means you'll share costs, benefits, and the intellectual property developed during the project.

This funding can be a vital resource to advance your innovative ideas without bearing the full financial burden. Imagine what your business could achieve with additional support for research and development in cutting-edge technology.

Funds can be used for a variety of eligible costs tied directly to your project. Investing in collaborative research not only strengthens your business but also helps push the boundaries of quantum technologies forward. This opportunity allows you to explore new horizons, enhance your competitive edge, and contribute to an exciting field of innovation.