Breakthrough technologies are often born in laboratories and research centres, but far fewer ever translate into durable commercial success. The gap between technical promise and real-world value creation remains one of the most persistent challenges in technology investing. While innovation is frequently equated with novelty or scientific advancement, commercial innovation requires something more: a clear customer need, a viable route to adoption, and an ecosystem capable of

We are pleased to see ICM HPQC Fund's portfolio companies Diraq and Q-Ctrl recognised in this latest announcement by the International Year of Quantum Science and Technology  (IYQ), a United Nations-declared year, launching the Quantum 100:  “Dedicated, Inspiring, and Supportive”; UNESCO 2025 International Year of Quantum Science and Technology Announces Quantum 100 to Celebrate Global Community - IYQ 2025 Congratulations to Professor Andrew Dzurak of Diraq and Michael Biercu

Mixx Technologies, part of ICM HPQC Fund's portfolio and a pioneer in silicon-integrated optical connectivity for AI infrastructure, announced the appointment of Boon Chye (BC) Ooi to its Board of Directors. A seasoned semiconductor executive with over 30 years of operational leadership, Ooi brings a wealth of expertise in scaling global supply chains and high-volume manufacturing to Mixx as the company accelerates the deployment of its HBxIO™ platform. Read the full announce

Our ICM HPQC Fund continues to see excitement in the next-generation computing space. In this newsflash, they cover: A look back at an exceptional year for compute and AI infrastructure: Market trends shaping hyperscaler investment, data-centre expansion and energy constraints The rise of agentic AI, productivity tools and record valuations across the sector A breakout year for quantum computing, government initiatives and strategic momentum How these shifts position ICM HPQC

Mixx Technologies Inc, part of ICM HPQC Fund's portfolio and the pioneer behind high-performance, system-scale optical connectivity for the artificial intelligence (AI) infrastructure, today announced the successful closure of a $33 million Series A funding round. The financing was led by ICM HPQC Fund, with participation from TDK Ventures, Systemiq Capital, Banpu Innovation & Ventures, G Vision Capital, Ajinomoto Group Ventures, AVITIC Innovation Fund, and other strategic pa

2025 was the International Year of Quantum, and Q-CTRL delivered real commercial Quantum Advantage while expanding global deployments across computing and sensing. Read their full update here .

Professor Andrew Dzurak, a leading figure in quantum technology, has been recognised with the Innovation Leadership Award at the 2025 InnovationAus Awards for Excellence, honouring over 20 years of groundbreaking work in silicon-based quantum computing. Read the full article here .

InnovationAus.com 's recognition of Q-CTRL highlights its strong progress across quantum software and control engineering, as well as the milestone launch of its quantum-assured inertial navigation system, Ironstone Opal, earlier this year. Read the full article here .

Q-CTRL, the global leader in quantum infrastructure software, QuantWare, the world’s highest-volume supplier of commercial quantum processing units, and Qblox, the global leader in quantum computing control stacks, announced the launch of the Quantum Utility Block (QUB), a family of full-stack, pre-validated quantum computer reference implementations built on a modularised architecture. The QUB model is designed to give quantum system purchasers and adopters an accessible, co

The Q-CTRL and RIKEN teams pictured with IBM Quantum System Two in Kobe, Japan Q‑CTRL and RIKEN, a national research institute in Japan, announced the integration of Q-CTRL’s performance management software Fire Opal with RIKEN’s IBM Quantum System Two. The system is deployed within the RIKEN Center for Computational Science, Japan's Premier High-Performance Computing center, and co-located with Japan's flagship supercomputer Fugaku. Read the full announcement here .

Is there an AI bubble, and does it matter? Our team at ICM HPQC Fund (HPQC) is often asked whether today’s valuations in AI are sustainable. Answer: when you invest in the underlying compute infrastructure, the bubbles matter far less. The demand for memory, bandwidth, switching, fabrication and cooling continues to rise faster than supply. That gap is physics driven, not sentiment driven - and it is where HPQC sees long-term opportunity, regardless of which AI software platf

ICM HPQC Fund (“ICM HPQC”) continues to see excitement in the next-generation computing space. In this newsflash, we cover: AI Capital Surge and Bubble Concerns Space-Based Data Centres Move from Concept to Testing Google Claims “Quantum Advantage” – But Critics Disagree DARPA's Quantum Benchmarking Initiative Nvidia Expands its Quantum Ecosystem Portfolio updates and what we’re seeing across global tech markets ICM HPQC News Flash - November 2025

Diraq has entered the next phase of the DARPA “Quantum Benchmarking Initiative”, positioning itself at the frontline of the race to build a commercially viable, utility-scale quantum computer. The initiative is structured to rigorously evaluate whether quantum computing architectures are capable of delivering value that exceeds their build and operational costs by 2033. Diraq’s involvement leverages its silicon-spin-qubit technology and manufacturing compatibility with existi

Diraq’s silicon spin qubits are exceptionally fast, performing up to a million fault-tolerant operations in under a minute — but this speed demands a powerful, low-latency interface to manage control, error correction and hybrid quantum-classical processes. NVIDIA’s new NVQLink provides that capability, replacing the earlier DGX Quantum system. NVQLink offers Diraq an open, high-performance platform for orchestrating its quantum processing unit (QPU) alongside the classical c

Recent results published in Nature  demonstrate that silicon spin qubits designed by Diraq and fabricated on 300 mm wafers at imec in Belgium can achieve consistently high-fidelity quantum logic operations when measured in Sydney, Australia. This work provides clear experimental evidence that high-performance qubits can be manufactured using standard semiconductor foundry processes. The findings represent a significant step toward scalable, utility-grade quantum computing, co

ICM HPQC Fund (“ICM HPQC”) continues to see excitement in the next-generation computing space. Their latest newsflash covers: Growing...

Q-CTRL announced its software-ruggedised quantum navigation system’s selection for TIME Best Inventions of 2025. Ironstone Opal, which...

Imec, a world-leading research and innovation hub in nanoelectronics and digital technologies, and Diraq, a pioneer of silicon-based...

Q-CTRL has announced a partnership with QUCAN in support of its QC101 program to offer online quantum learning programs for any learner...

ICM HPQC Fund (“ICM HPQC”) continues to see excitement in the next-generation computing space. In this newsflash, we cover: An overview...