Quantum Innovation Fund (QIF) Grant

About this grant

Quantum Innovation Fund (QIF) provides venture capital and strategic expertise to support growing, technology-based companies operating in the climate, sustainability, and decarbonization sectors. The fund invests in early and growth stage companies with investment amounts ranging from $10 million to $100+ million. QIF is affiliated with Quantum, a leading provider of equity capital to the global energy and energy transition industry with a 25-year track record. The fund focuses on companies that provide the foundational technologies and tools to support energy transition, decarbonization, and sustainability sectors, rather than energy transition projects themselves. QIF is attracted to businesses where intellectual property is captured in software and data analytics targeting large, fast-growing markets with strong long-term operating leverage. Beyond capital, QIF offers extensive mentoring to help management teams scale their businesses, provides robust networks across energy and sustainability sectors, offers nuanced sector knowledge across the energy and sustainability value chain, brings considerable experience with capital raising processes including IPOs, ensures access to future funding, and provides selling opportunities through connections to Quantum's 50+ active portfolio companies.

Eligibility

The page does not specify detailed eligibility criteria. However, based on the investment focus, QIF appears to target technology-based companies operating in climate, sustainability, and decarbonization sectors. The fund is actively seeking companies in early and growth stages. Companies should provide picks-and-shovels solutions to support energy transition rather than being energy transition projects themselves, with intellectual property captured in software and data analytics. The fund operates with a global scope but is headquartered in Silicon Valley, California.

How it's scored

The page does not disclose specific evaluation criteria or scoring methodologies used by QIF to assess applications.

Key requirements

• ✓Technology-based company with proprietary IP in software and/or data analytics
• ✓Primary focus on climate, sustainability, or decarbonization outcomes
• ✓Operating in one or more of: carbon management, smart grid, clean energy, electric mobility, energy efficiency, built environment, cybersecurity, water, agriculture, AI, or blockchain applications
• ✓Early or growth stage with scalable business model

Recent past awardees

Knowing who's won the last rounds tells you whether you're in the strike zone.

• Heirloom · 2024 · $150M
• Weatherford · 2024
• Welligence Energy Analytics · 2024 · $41M
• AMCS · 2023
• Orennia · 2023 · $25M
• Risilience · 2023 · $26M
• Recurve · 2022 · $18M
• Carbon Direct, Inc. · 2022 · $60M

Frequently asked questions

How much funding does Quantum Innovation Fund offer?

Quantum Innovation Fund (QIF) offers up to $100M.

Who can apply for Quantum Innovation Fund (QIF)?

Eligibility covers organisations in GLOBAL; startup, sme, large-company. See the eligibility criteria above for the full conditions.

Relevant sectors

About this sector

Climate software and data funding supports emissions accounting, climate risk analytics, Earth observation, digital MRV and tools for planners. It is offered as innovation grants, public contracts for data services and support from technology programmes. Buyers generally look for data quality, interoperability and evidence that users rely on the tool.