The Florida Opportunity Fund and Quantum Coast Capital have entered into a memorandum of understanding (MOU) designed to accelerate investment and innovation in quantum technology and advanced computing across the state.

Signed during the Quantum Beach 2025 conference in West Palm Beach, the agreement outlines a framework for the two organizations to jointly identify, evaluate and co-invest in companies developing quantum-related technologies, including computing, networking and sensing applications.

The MOU also establishes procedures for coordinating with research institutions and private-sector partners to support commercialization of emerging technologies developed in Florida.

Florida Opportunity Fund President and Executive Director Robert Harvey said the MOU reflects a coordinated effort to expand Florida’s quantum sector and attract high-tech firms and skilled workers.

“This MOU reflects our shared commitment to fostering innovation through strategic investment. By aligning resources and expertise, we are creating new opportunities to expand Florida’s quantum sector and attract cutting-edge companies and talent to Florida,” he said.

Meanwhile, Quantum Coast Capital Managing Partner Matt Cimaglia said the partnership will focus on connecting capital with researchers and entrepreneurs to strengthen the state’s growing quantum technology ecosystem.

 “Through this collaboration, we’re not just funding innovation — we’re helping shape a quantum ecosystem that brings together entrepreneurs, researchers, and state leadership.” commented Cimaglia.

The Florida Opportunity Fund, a state-backed investment entity, provides capital to encourage private-sector growth in strategic industries.