The TGFS Technology Start-up Fund Saxony is investing a seven-figure amount in SaxonQ GmbH. With this investment, TGFS is providing a targeted boost for SaxonQ’s next development phase, strengthening a local deep-tech company in its development and scaling stage. In parallel, SaxonQ is preparing a larger funding round to miniaturize its technology down to chip size and to develop the necessary production technologies, such as single-ion implantation.
The goal is to further accelerate the development and industrial application of quantum computing in Saxony and to secure the region’s innovation advantage. The active use of SaxonQ’s technology and recent awards underline the company’s excellent position for continued growth.
Statements on the collaboration
Sören Schuster, TGFS:
“With SaxonQ, we are deliberately investing in a key technology that further strengthens Saxony as an innovation region. The systems already in operation impressively demonstrate that quantum computing is not just a topic of research, but real practice. That’s exactly what we are building on: we see significant potential in further development – from new architectural approaches to expanding production capacities – to sustainably advance applications in AI, energy, logistics, and medicine from Saxony and beyond.”
Prof Marius Grundmann, SaxonQ:
“Our technology significantly lowers the barriers to using quantum hardware and can become a real game changer for applications in AI, logistics, and medical research. The first systems are already in productive use – including at Fraunhofer IWU and the German Aerospace Center. And the scientific environment here in Leipzig, the birthplace of quantum mechanics, couldn’t be better suited to advancing quantum technologies together with some of the brightest minds.”
Dr Frank Schlichting, SaxonQ:
“Quantum computing is already a reality. We were likely the first company to demonstrate real applications – from quantum chemistry to image processing – live at Hannover Messe. The TGFS investment reflects strong trust in our team and roadmap. Our goal is the first chip-sized quantum computer – scalable and versatile for broad industrial use. TGFS and SaxonQ share a common vision of quantum computing as a key technology reaching far beyond Saxony. That’s why we were able to close the investment quickly, pragmatically, and with clear focus.”
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