The Florida Opportunity Fund (FOF), a state-backed investment entity, and Quantum Coast Capital (QCC), a venture firm focused on quantum investment, have signed a Memorandum of Understanding (MOU) to accelerate investment and innovation in quantum technology and advanced computing across Florida. The signing took place during the Quantum Beach 2025 conference in West Palm Beach.
The MOU establishes a framework for identifying, evaluating, and co-investing in companies developing quantum-related technologies, including quantum computing, networking, and sensing applications within Florida. The collaboration is intended to align state resources with private capital and research institutions to support the commercialization of emerging technologies developed in the state.
Robert Harvey, President of FOF, noted that the collaboration reflects a coordinated effort to expand Florida’s quantum sector and attract high-tech firms and skilled workers. QCC is one of the few venture firms in the U.S. dedicated entirely to quantum investment. The partnership aims to strengthen the state’s growing quantum technology ecosystem and ensure that new founders do not have to leave the state to find opportunity.
Read the full announcement here.
October 12, 2025
