qBIG Prize
Awarded to small and medium-sized companies (SME), start-ups or established, working on taking quantum technology products or solutions to market. Prize includes a £10,000 cash prize, mentoring, and access to the IOP Accelerator and business network.
The IOP quantum Business Innovation and Growth (qBIG) Prize is awarded to small and medium-sized companies (SME), start-ups or established, working on taking quantum technology products or solutions to market. The winner will receive a cash prize, mentoring, and access to the IOP Accelerator and business network. Sponsored by Quantum Exponential.
About Quantum Exponential
Quantum Exponential is a first-of-its-kind, Aquis Stock Exchange (AQSE) Growth Market enterprise company, focused on opportunities in quantum technology and the wider quantum computing sector, with an advisory board made up of industry advisors, entrepreneurs, and technology investment professionals with broad access to quantum opportunities and markets.
Quantum Exponential’s investment strategy is to assemble a portfolio of minority investments in early-stage global quantum technology companies, primarily in NATO-allied countries, offering institutional and private investors access to revolutionising technologies and industries in the realms of artificial intelligence, manufacturing and healthcare.
Quantum Exponential trades on the AQSE Growth Market under the ticker symbol “QBIT”.
Eligibility
To be eligible your company must:
- be taking innovative products based on quantum science into the quantum sector;
- be an SME incorporated either in the UK or Ireland, a start-up or established;
- provide a sound business plan aiming to make a profit;
- have some proof of validation of a need for the product, ideally by a potential customer;
- be able to show how the prize money would add value to your organisation; and
- intend to seek external equity funding in order to help accelerate the growth of your business.
Prize
The winning company will:
- receive a £10,000 unrestricted cash prize;
- receive 10 months’ mentoring from the Quantum Exponential team;
- receive six months’ access to the IOP Accelerator;
- gain access to IOP business support;
- receive a digital trophy for use on marketing materials;
- be invited to attend and exhibit at our annual IOP Business Innovation and Growth Showcase, providing an opportunity to network with funding agencies, key industry figures and policy-makers; and
- have your award-winning innovation highlighted in IOP marketing materials and social media networks.
Apply now
Applications for the 2025 prize were opened at the UK National Quantum Technologies Showcase in London’s Business Design Centre on 8 November 2024.
Start your application now via our online form. Once you have logged in, please select the following:
Start Nomination > Category > Business Awards > qBIG Prize
Applications will close at 23.59 on Sunday 16 February 2025.
Winners
2024: Equal1
2023: Cerca Magnetics