Israeli quantum computing company Quantum Transistors has been awarded up to €17.5 million (68.7 million NIS) by the European Innovation Council (EIC). The finances were received via an initial grant from the EIC Accelerator of €2.5 million combined with a future equity investment of €15 million through the EIC Fund. The investment was the largest among the 68 companies selected for funding out of 969 applications and will be used to scale up its R&D and expand its team.