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Sergei Kouzmine, Sergei Beloussov, and a number of prominent physicists and investors announced today at the TechCrunch Moscow event that they will be launching a new venture fund, to be called Quantum Wave Fund (Qwave), dedicated to investing in companies which utilise quantum materials and technology. According to the press-release, the investors decided to establish this fund with the aim of spurring growth in the following areas: safe data transmission networks, new materials with superior properties, optical sub-micron transistors, high-frequency optical electronics, new systems for ultrasensitive imaging of the brain, and compact and accurate clocks for navigation systems.
This new fund will be headquartered in Boston, USA, but will also maintain offices in New York City and Moscow.
Running this fund will be Sergei Kouzmine, Dmitri Kisliakov, Vadim Moroz, and Oleg Svintsitski. The Russian Beloussov, best known for being a co-founder of a virtualization technology company Parallels and Russian venture capital firm Runa Capital, will become an advisor to this project, according to the fund’s website. The managing partner, Kouzmine, previously served as CEO of the Ritzio Entertainment Group, where he enjoyed a great deal of success. As CEO, he managed to take the company from $40 million (31 million euros) in 2002 to $1.25 billion (967 million euros).
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