Fund Launches to Invest in Quantum Computing
Startup Hub at Northeastern University in London to Host the Quantum Venture
EdenBase, a tech investment fund, is launching a $100 million fund. This fund aims to support early-stage and growth-stage startups that are actively using quantum computing, a field that could revolutionize several industries.
Student-Led Analytics Tool
EdenBase, a tech fund based in London, has partnered with students from Northeastern University to develop an analytics tool. The tool will potentially save time and improve investment decisions, as stated by the firm.
The firm seeks to capitalize on quantum computing’s anticipated breakthrough, mirroring the surge AI experienced after the 2020 launch of OpenAI’s ChatGPT.
The fund, named EdenBase Quantum Fund One, intends to identify global investment opportunities later this year. The project’s impact on the students exceeded expectations, according to the fund representatives.
“They collated their data and created an analytics tool which you can use to look at quantum deal flow by region, which I thought was pretty cool,”
—Eric van der Kleij, EdenBase Co-founder and Partner
The former Downing Street tech adviser believes that the tool will “save us time and hopefully result in even better investments.” The global quantum computing market is projected to reach $125 billion by 2030 (Source: Globe Newswire).
Student Experience
The student consultants, including Meredith Schwarzkopf, described their experience as “really rewarding.” The students provided a baseline of criteria and then expanded on the details.
The team also included leadership evaluations in their index. They focused on the leaders’ backgrounds, which they found critical for the success of quantum company startups.
Michael Gleaslen valued the experience of working in a different business culture and a new tech space. He mentioned the ease of not having a language barrier. However, it was still a different culture, allowing him to learn about their operations.
Expert Involvement
The Global Field Study course, led by professor Ravi Sarathy, provided students with practical application of classroom skills. They gained experience in quantum computing, teamwork, client interaction, and data analysis.
The EdenBase fund will be housed at QBase, within the Northeastern startup hub on Crosswall. This hub will provide educational resources and chances for students. It will also accommodate researchers, investors, and some portfolio companies.
Tobias Hartung, a Northeastern associate professor, will be an advisor to the fund. His expertise will help validate investments.
“What EdenBase is looking for,”
—Tobias Hartung, Northeastern Associate Professor of Computer Science and Quantum Researcher