Chicago Bets on Quantum Computing for Job Generation
EeroQ – The Terminal’s First Tenant
This company is designing processors, or qubits, for quantum computers, using technology developed at Michigan State University that involves using liquid helium as well as traditional chip-making technologies.
EeroQ, co-founded by Nick Farina, operates from a former locomotive-headlight factory called The Terminal in Humboldt Park and has 15 employees.
The startup has raised $13.5 million and has produced prototype chips with a contract manufacturer. It hopes to have a quantum-computer offering in a cloud environment in 18 to 24 months.
The 8-year-old company moved to Chicago in 2022.
“Where is best place to build a quantum computer?” Farina says of the decision. “It came down to talent: the quality and cost of living. The universities and national labs are here. People see themselves buying a house here more quickly than in New York and California.”
Read the full Crain’s article here.
