Research In Motion Ltd (BBRY) Co-Founders Launch Quantum Fund

Research In Motion Ltd (BBRY) Co-Founders Launch Quantum Fund
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Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) founders Mike Lazaridis and Doug Fregin are coming together again to launch a $100 million fund to protect and commercialize quantum science technologies, which can lead the next wave of computing.

Research In Motion Ltd (BBRY) Co-Founders Launch Quantum Fund

Lazardis’ passion of physics is well known. He stepped down from the post of co-CEO of Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) in January 2012 as the investors started losing confidence on the company, and profit of the company started falling. Lazardis launched Quantum-Nano Centre, a research facility in Waterloo, Canada last year to bring forward the discoveries in emerging technologies at the bottom of computing. He is seeking waterloo to be a hub of quantum technology.

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“Nothing you see in the classical technology world can prepare you for what you will see in the quantum technology revolution,” Lazaridis said in a statement on Tuesday.

For 30 years since its inception the concept of Quantum Science has remained academic but there are some commercial possibilities found by the investors lately. In 2012,, Inc. (NASDAQ:AMZN) founder Jeff Bezos’s venture investments and an investment arm of the Central Intelligence Agency granted $30 million to D-wave Vancouver-based company working on quantum-computing applications.

A quantum computer will be capable of finding the unusual property of matter itself to perform calculations at the atomic level. Thus, there will be no need for a transistor and letting to do a huge number calculation simultaneously.

According to Lazaridis, one needs to look no further than Star Trek. He said that there has been news going around that quantum information science is now showing some results. He went on to say that there is also an X price for a medical tricorder like one in Star Trek. Lazardis further said that many of the devices and predictions of Star Trek like Computers, voice activation, voice recognition, and communicator in today’s smartphones and computers has now become a reality.

Those who believe on Quantum Technology and support the technology held the view that it works faster than classical computing and is capable of revolutionizing fields such as Drug development.

 Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) is currently trading at $15.79 (+5.06%?).

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