Latest news with #ElevateQuantum
Yahoo
30-05-2025
- Business
- Yahoo
New Mexico plans $25 million investment in quantum venture studio
May 29—The Economic Development Department this week announced it's fronting $25 million to boost quantum technology development. It's part of a broader effort by the state to support tech industries and brand New Mexico as a quantum hotspot, which the state is also advancing through its participation with the regional Elevate Quantum consortium and designation as a federal Quantum Tech Hub. "This is a significant investment from the state into creating a quantum technology industry in New Mexico," said Nora Meyers Sackett, director of EDD's Office of Strategy, Science and Technology. The office is responsible for the request for proposals process and managing the resulting contract. The RFP specifically seeks proposals that merge physical infrastructure with program and financial support mechanisms to stimulate startup formation in the state. EDD is offering $12.5 million for the development of a physical space for a quantum venture studio and another $12.5 million for operations. It's a good starting point for New Mexico's quantum ecosystem, said Ivan Deutsch, director of the Quantum New Mexico Institute, a joint entity between the University of New Mexico and Sandia National Laboratories. "There's a lot of hopes and expectations, and quantum is really on a very steep rise at the moment," Deutsch said. He said public-private partnerships and pressure on a global level for the U.S. to stay competitive with China in the quantum industry presents "a real opportunity here to make a difference." "What we all would like to see is a growing and accelerating tech economy here in New Mexico in quantum," he said. "And what we hope to be able to do is to attract companies to New Mexico." The deadline for proposals is June 24. More information on how to submit proposals can be found online at
Yahoo
01-05-2025
- Business
- Yahoo
OPINION: OPINION: The Quantum State: A generational opportunity for national and economic security in NM
May 1—New Mexico currently stands on the precipice of a global technology revolution as important to the next 50 years as semiconductors were to the last half century. In the coming years, quantum technology has the potential to unlock $3.5 trillion in value. This is an enormous number, equal to roughly the size of today's health care and financial services sectors. In the all-important years ahead, New Mexico must build on its decades of pioneering quantum research to grasp a historic chance to secure an outsized share of an industry that should drive progress and job opportunities in the 21st century. While quantum technologies already make up components for technologies like the internet and GPS, the realization of quantum computers — systems able to accurately model the dynamics of atoms and molecules that make up the world around us — will do more than create thousands of jobs. It puts us on a credible path to modeling custom-tailored drugs, stabilizing financial markets, and developing the fuels and batteries that will power the next phase of the energy revolution. Full-scale quantum computing could solve some of the largest societal challenges facing humanity today. The investments that determine the leaders in this technology are being made right now by those companies and geographies with the right assets, capital and strategy. If lasting leadership was only determined by good ideas, New Mexico's undisputed research position would make the state the home for quantum for decades to come. Unfortunately, the semiconductor era alone — where the state gave birth to innovations like the clean room — shows that "just" inventing the future doesn't guarantee one's right to cash the checks. Establishing and profiting from New Mexico's leadership in quantum will take bold investments to ensure the state isn't just a fountain of good ideas, but big companies and good jobs for all New Mexicans. The organizations partnering with Elevate Quantum represent the largest regional consortium in the world. We formed to ensure that New Mexico, Colorado and our partners remained leaders in quantum technology — work that got us designated by the U.S. government as the U.S. Quantum Tech Hub. Our mission is to secure lasting prominence for the Mountain West and the U.S. more broadly. However, to realize the economic potential of this industry for the state, New Mexico must right-size its industry presence with its R&D leadership. With the state considering a special legislative session this summer, we see this as an opportunity to make the investments needed to secure a generation of good jobs that afford all New Mexicans a safe, healthy and thriving future. The playbook for industry success is well-worn, and has succeeded in the state to foster the oil and gas and film and television industries. For the quantum industry, three key investment areas stand out: incentives for capital investments and job creation, shared-use infrastructure beyond the scope of private companies for rapid iteration and low-volume production, and integration of the research ecosystem with access to quantum systems for algorithm, HPC integration and application development. New Mexico is not the only region hungry to take the mantle of quantum. There are countries outspending the U.S. at least 5-to-1. Closer to home, places across America have undertaken economic development initiatives over 10 times the size of what has been deployed in this state. The price of waiting to establish this leadership is likely only to increase — and if we wait too long, the ship may sail completely. Charlie Munger of Berkshire Hathaway famously quipped: "Be fearful when others are greedy, and be greedy when others are fearful." With a $3 billion budget surplus and a $59 billion sovereign wealth fund set against a national economy in flux, New Mexico finds itself in a unique position in America and the world to secure its position in the most important technology revolution of the next 20 years. Now is the time for this Land of Enchantment to be known by a new nickname — the Quantum State.
Yahoo
21-03-2025
- Business
- Yahoo
CerraCap Ventures Strengthens Confidence in Market With Investment in Breezy Med Formerly Known as Build With Robot
COSTA MESA, CALIFORNIA / / March 21, 2025 / CerraCap Ventures, a global venture capital firm known for its "Sales and Scale" strategy, proudly announces its investment in Breezy Med, an innovative healthcare technology company addressing the critical challenge of healthcare-associated infections (HAIs) based in New Mexico (NM). CerraCap Ventures is a leading investor in the NM region, having backed six companies before Breezy Med. We co-invest with major NM entities like Sun Mountain Capital, ABO Ventures, and Tramway Ventures. As an advisory board member of the Lab-Embedded Entrepreneur Program (LEEP), a two-year fellowship connecting deep tech entrepreneurs with Los Alamos and Sandia National Labs, CerraCap has built a trusted presence in the lab ecosystem. Additionally, we support the Elevate Quantum initiative, a regional collaboration between New Mexico, Colorado, and Wyoming aimed at accelerating quantum technology innovation. This investment underscores our commitment to scaling high-impact innovations in fast-growing markets. Breezy platform is transforming infection control in hospitals, a sector burdened with billions of dollars in unnecessary medical expenses and fines due to HAIs. Breezy Med's recent collaboration with Hospital Housekeeping Systems (HHS) to integrate Breezy into the BedWatch platform validates product-market fitness and paves the way for rapid scaling across the healthcare industry. "We are thrilled to have the support of Cerracap Ventures as we continue to advance hospital automation at Breezy Med. This investment will accelerate our mission to streamline healthcare operations, prevent infections, and improve patient outcomes. With CerraCap's expertise and strategic backing, we are poised to scale our platform and bring transformative infection prevention automation to hospitals nationwide." shared Chris Ziomek, CEO of Breezy Med. CerraCap Ventures' investment in Breezy Med is evidence of its ability to identify and scale disruptive technologies. Notable investors have also joined this funding-round, underscoring the industry's confidence in its technology and market potential. "As a firm dedicated to Sales and Scale, we invest in companies that have both a transformative solution and a clear path to exponential growth," said Vikas Datt, Partner of CerraCap Ventures. "Breezy Med's is positioned for rapid adoption through strategic partnerships. We are excited to be part of this journey and to contribute to its scaling success." CerraCap Ventures, a Global Venture Capital fund headquartered in Southern California, dedicated to early-stage and growth stage technology investments in enterprise (B2B) solutions focused on the new fundamentals of the digital age - Enterprise AI, Cyber Security and Healthcare. It enables rapid growth of technology startups leveraging its unique Sales & Scale™ business model, driving revenue from large enterprises into its portfolio companies. For more information, visit Breezy Med Breezy Med, formerly Build with Robots, is a leading provider of automated disinfection technology designed to improve hygiene in healthcare and public environments. Leveraging smart automation and cloud data, Breezy Med enhances infection control processes, ensuring cleaner and safer spaces for all. For more information, visit Contact Information Nikki Arora SOURCE: CerraCap Ventures View the original press release on ACCESS Newswire Sign in to access your portfolio
