BlackBerry Co-Founders Bankroll $100 Million Quantum-Science Fund
The two men who started BlackBerry maker Research In Motion Ltd. some 30 years ago are bankrolling a $100 million investment fund targeting commercial applications for advancements in quantum science.
Mike Lazaridis, the former co-chief executive and co-chairman of RIM, said Tuesday that he and Doug Fregin have launched the fund, Quantum Valley Investments. In an interview, Mr. Lazaridis said the fund is aimed at spurring commercial developments from breakthroughs in quantum science — the effort to understand and harness energy at its most infinitesimal level.
