Delft Circuits Secures European Funding to Advance Quantum Technology
Delft, Thursday, 20 February 2025.
Delft Circuits, a Dutch startup, gains European Innovation Council funding, boosting the Netherlands’ quantum tech presence by enhancing its Cri/oFlex solution for large-scale data transfer.
EIC’s Competitive Selection Process
Delft Circuits has emerged as one of the successful candidates in the European Innovation Council’s highly competitive October 2024 funding round. The company was selected among 71 innovative companies, from an initial pool of 1,211 proposals [1]. This prestigious selection comes with significant financial backing, as the EIC is distributing up to €161M in grants and approximately €226M in equity through the EIC Fund across all selected companies [1].
Quantum Technology Focus
Operating in the quantum computing sector, Delft Circuits specializes in developing innovative input/output cabling solutions for quantum technology applications. The company’s flagship innovation, the Cri/oFlex technology, is designed to enable large-scale data transfer over thermal bridges [1]. This advancement is crucial for quantum computing systems, which require precise control of data transmission while maintaining extremely low temperatures [GPT].
Funding Implementation Timeline
The grant financing is scheduled to be distributed within the next three months, with investment decisions being tailored to each company’s specific needs [1]. This funding structure reflects the EIC’s commitment to supporting technological innovation, with 79% of the selected companies benefiting from a blended finance option that combines both grants and equity investments [1].
Impact on European Innovation Landscape
This funding represents a significant milestone for both Delft Circuits and the Netherlands’ quantum technology sector. The selection process has shown a commitment to diversity in innovation, with 21% of the selected companies being led by women in executive positions (CEO, CSO, or CTO), spanning across 16 different countries [1]. Companies that weren’t selected but showed promise haven’t been left behind - 330 applications that were positively assessed by the EIC jury will receive a Seal of Excellence to assist in finding alternative funding sources [1].