We've advised the University of Cambridge on a landmark strategic collaboration with IonQ, Inc., supporting the creation of the new IonQ Quantum Innovation Centre and long‑term research programme at the University’s Cavendish Laboratory.
The IonQ Quantum Innovation Centre will be established within the Ray Dolby Centre, the new home of the Cavendish Laboratory, alongside a 10‑year research programme and several new funded academic researcher positions.
IonQ, Inc. is a NYSE-listed company specialising in trapped-ion quantum computing systems. The University of Cambridge will receive IonQ’s latest 256-qubit quantum computing system, which will be the most powerful quantum computer in the UK when installed. Innovate UK will also support researchers and early-stage companies from outside the University in accessing the system – the first commercial-scale quantum computer at a UK university – accelerating the delivery of the UK’s National Quantum Strategy.
The team advised the University of Cambridge on five interlinked agreements, working closely with multiple University teams, including Legal Services, Tax and Treasury, the Research Office, and Cambridge Enterprise. The firm also co‑ordinated specialist US securities law advice from Robinson+Cole and supported the University in its engagement with a US broker and transfer agent.
Led by IP & commercial partner Alex Woolgar, the multi‑disciplinary team included Alastair Cotton, Seb Allen-Johnstone, James Field, Amanda McLaughlin, Sarah Williams and James Foster, plus Mitchell Lampert from Robinson+Cole. The University’s team was led by Katherine Souter, Deputy Director of Legal Services, and Meaghan Annear, Senior Head of Development, Physical Sciences.
Alex commented: “It’s always a pleasure to work with the University of Cambridge. This project was particularly satisfying given the pioneering nature of the technology and transaction structure; the potential importance to the UK’s technology strategy; and the significant team effort across Mills & Reeve and the University that helped to deliver this deal.”
Professor Mete Atatüre, Head of the Cavendish Laboratory, noted: “Cambridge is already a critical player in the UK’s national quantum technology programme, and this partnership will supercharge that role. This is a true partnership, with long-term investment, shared research and co-development in all areas of quantum technology, bringing together physics, engineering, medicine, computer science, policy and more.”
Katherine Souter added: “Alex was an exceptionally calm presence throughout, no matter how fast things were moving. He and his team threw themselves into the work whenever we needed them and for as long as it took. Their support genuinely felt like an extension of the in-house team. We’re hugely grateful for their effort, judgement and willingness to see the deal through with us.”
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