QuantumCore Secures $1.7M NSERC Grant to Advance Superconducting Amplifiers

QuantumCore Inc. (CSE: QNCR) has announced a strategic expansion of its partnership with the Institute for Quantum Computing (IQC) at the University of Waterloo. The collaboration is supported by a $1.7 million non-dilutive grant from the Natural Sciences and Engineering Research Council of Canada (NSERC) Alliance Quantum program. This funding follows the company's recent public listing on the Canadian Securities Exchange on April 14, 2026, which was facilitated through a reverse takeover of MGM Resources and two private placement rounds totaling $9 million.

The initiative is specifically focused on accelerating the development of QuantumCore’s superconducting traveling-wave parametric amplifier (TWPA) platform. TWPAs are specialized cryogenic signal-processing chips designed to boost readout signals from superconducting quantum processors at near-absolute zero temperatures while maintaining signal integrity. As quantum architectures scale toward thousands of qubits, maintaining high fidelity and minimizing thermal interference at the readout stage remains a primary engineering bottleneck.

Through this partnership, QuantumCore gains access to the laboratories of Dr. Christopher Wilson (IQC faculty and QuantumCore CTO) and the University’s Quantum-Nano Fabrication and Characterization Facility (QNFCF). By positioning itself as a "picks-and-shovels" hardware provider, the Waterloo-based startup aims to supply scalable components to major quantum platform developers. The company has recently expanded its technical team to seven employees and established a dedicated lab in Waterloo to support its goal of providing the infrastructure required for the transition from laboratory prototypes to commercial quantum machines.

You can find the official announcement regarding the NSERC grant on the QuantumCore website here, and a detailed background on the company's $10.7 million total funding momentum via the University of Waterloo here.

April 25, 2026