OneQuantum Ideas
Entrepreneurs don’t fail because they are under capitalized. More often than not its the lack of leadership, real world business experience and guts. For a Founder or CEO in quantum tech you definitely have an abundance of the later. However, to be successful in a tough market like quantum there is need for constant education and constant training within your organization.
Many entrepreneurs understand their idea, but not the market that will accept or reject the idea and this is where money is made or lost. Having a grip of your market early on will also make your job of looking for resources much easier. Learn how to assess the skills and experience of the people you engage or hire e.g. part-time accountant, legal counsel etc. Know how to recognize smart loyal co-founders and employees or how to optimize their contributions. Categorize investors appropriately and understand how to raise the right kind of funding, when and at what valuation. Appreciate how much money it takes to meet milestones and the regular communication required to show respect to investors and other partners – especially if you plan to keep asking them for support. The key is to admit to yourself that no matter how successful you have been in the past, the world keeps on changing and success in business requires special knowledge and accountability. Make sure you get the help you need and this is why we offer a host of resources, data, insights and help quantum leaders to connect, learn, grow and collaborate.
Our quantum tech data and advisory company Interference Advisors will be releasing up to date fundraising data in quantum tech soon and it is worth taking a few minutes to read a brief analysis of investments in QIS that we did recently.
Let me know if you have any questions.
OneQuantum News & Events
Women in Quantum Summit III, sponsored by IonQ Inc., will be bigger, more focused, with practical tips and action items, a 3rd day focused on Asia & Australia and even more of our popular one on one matchmaking and group selfies. Reserve your spot now and spread the news.
Dave Bacon on WQWD S2E9
Guangdong Province releases an Action Plan with a goal of "building Guangdong's 'quantum valley'.
Japan launches the Quantum Talent Development Program to create an environment that supports the growth of ‘quantum technology natives’.
Toshiba plans to achieve $3 billion in revenue through QKD by 2030.
Toppan, the National Institute of Information and Communications Technology (NICT), QunaSys and ISARA to establish quantum security cloud technology to enable advanced information processing and secure data communication, storage and use.
IDQ and Korea KCS will cooperate to launch quantum security video surveillance solutions.
G'Day USA & American Australian Association are proud to present the US-Australia Dialogue on Quantum in Defence Innovation. Join the webinar here.
Signing off
The news of a second Covid19 vaccine, one that is more effective made me feel warm but here is all that is happening on the vaccine front.
See up to date numbers at Source: GAVI
On a lighter note:
Andre uses Universe Split (see iOS and Android app store) to help him figure out what he has to do everyday. Universe Split makes tough decisions for you by letting you know in which universe you live. This is determined by sending your choices to a #quantum measurement device in Switzerland, which sends a photon through a semi-reflective mirror. Give it a try and let the multiverse speak.
See you on OneQuantum where we collaborate, share and exchange.
Farai