Quantum Research Sciences selected as finalist for Rally IN-Prize pitch competition
WEST LAFAYETTE, Ind. — Purdue-connected software company and Department of Defense contractor Quantum Research Sciences has been selected as a finalist for one of the world’s largest international venture capital pitch competitions.
Quantum Research Sciences will compete for $1 million at the inaugural Rally innovation conference in Indianapolis, the first cross-sector innovation conference of its kind. The Lafayette-based company is one of just five from the software industry selected to present. Across all categories, Rally received 430 applicants from 38 countries.
“Entrepreneurship has become increasingly challenging as the pandemic and fluctuations in capital markets continue to have lasting effects. With competition fiercer than ever, new entrants in the market face an uphill battle,” said Elevate Ventures CEO and Rally visionary Christopher Day. “The Rally IN-Prize Competition provides funding and resources startup companies need to make a tangible impact.”
“Our company develops software that runs on quantum computers,” said Quantum Research Sciences CEO Ethan Krimins. “Our company is profitable, we have both a pending patent and sole-source protection backed by the U.S. Department of Defense, and we are affiliated with Purdue University. Most importantly, our practical quantum software enables anyone to leverage the power of quantum computing to identify an optimal solution – something which is needed by every single company in the world.”
Quantum Research Sciences was founded by Krimins, who is no stranger to the startup and venture world. Krimins first partnered with the Purdue Research Foundation in 2017 on an aviation technology program that is still in operation with the Federal Aviation Administration.
“Quantum Research Sciences is a great example of the power of Boilermakers to create changing technology,” said Tyler Mantel, Purdue Innovates Startup Foundry director. “We see world-changing ideas every day, and whether they are ready to patent and license, or grow into the next category-defining company, Purdue Innovates deploys the power of the Purdue community to support success.”
Presentations will take place Aug. 29-31 in Indianapolis. The Rally-IN Prize Competition will award money to investments across five industries: software, ag and food, health care, sports technology and hard technology. The event is produced in partnership with Elevate Ventures and the Indiana Economic Development Corporation.
About Quantum Research Sciences
Quantum Research Sciences is an American technology company focused on the discovery, development and delivery of scalable quantum software. Quantum Research Sciences created the DoD’s first operational quantum software and is working toward new quantum software applications every day. For more information on Quantum Research Sciences, visit https://quantumresearchsciences.com/.
About Purdue University
Purdue University is a public research institution with excellence at scale. Ranked among top 10 public universities and with two colleges in the top 4 in the United States, Purdue discovers and disseminates knowledge with a quality and at a scale second to none. More than 105,000 students study at Purdue across modalities and locations, with 50,000 in person on the West Lafayette campus. Committed to affordability and accessibility, Purdue’s main campus has frozen tuition 12 years in a row. See how Purdue never stops in the persistent pursuit of the next giant leap, including its first comprehensive urban campus in Indianapolis, the new Mitchell E. Daniels, Jr. School of Business, and Purdue Innovates, at https://www.purdue.edu/president/strategic-initiatives.
About Purdue Innovates
Purdue Innovates is a unified network at Purdue Research Foundation to assist Purdue faculty, staff, students and alumni in either IP commercialization or startup creation. As a conduit to technology commercialization, intellectual property protection and licensing, startup creation and venture capital, Purdue Innovates serves as the front door to translate new ideas into world-changing impact.
For more information on licensing a Purdue innovation, contact the Office of Technology Commercialization at email@example.com. For more information about involvement and investment opportunities in startups based on a Purdue innovation, contact Purdue Innovates at firstname.lastname@example.org.
Rally is the largest cross-sector innovation conference and is being hosted in Indianapolis from Aug. 29-31, 2023. The conference focuses on bringing together disparate stakeholders across sectors to enable creative collisions. Conference highlights include 5,000 attendees, a $5 million pitch competition, six innovation studio tracks, thought leaders from across the globe, over 200 speakers and more. For more information or to register for Rally, visit rallyinnovation.com.
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