Florida Opportunity Fund and Quantum Coast Capital Sign MOU to Advance Quantum Investment and Innovation

~ The signing took place during Quantum Beach 2025 in West Palm Beach-a statewide event highlighting Florida's emergence as a national hub for innovation in next-generation technology ~

WEST PALM BEACH, Fla.-Today, the Florida Opportunity Fund announced a Memorandum of Understanding (MOU) between the Florida Opportunity Fund (FOF) and Quantum Coast Capital (QCC), formalizing a strategic partnership to accelerate investment in quantum technology and advanced computing. The signing took place during Quantum Beach 2025 in West Palm Beach-a statewide event highlighting Florida's emergence as a national hub for innovation in next-generation technology. This collaboration marks a major milestone in Florida's long-term effort to build a robust quantum ecosystem.

"We are proud to collaborate with Quantum Coast Capital to advance Florida's leadership in quantum technology," said Robert Harvey, President and Executive Director of Florida Opportunity Fund. "This MOU reflects our shared commitment to fostering innovation through strategic investment. By aligning resources and expertise, we are creating new opportunities to expand Florida's quantum sector and attract cutting-edge companies and talent to Florida."

The MOU between the Florida Opportunity Fund and Quantum Coast Capital establishes a framework for identifying, evaluating, and co-investing in companies developing quantum-related technologies, including quantum computing, networking, and sensing applications within Florida.

"Florida has a history of taking big swings on technology, and today is one of those moments," said Matt Cimaglia, managing partner of Quantum Coast Capital. "Through this collaboration, we're not just funding innovation - we're helping shape a quantum ecosystem that brings together entrepreneurs, researchers, and state leadership."

Founded in South Florida, Quantum Coast Capital is quickly emerging as one of the few venture firms in the United States dedicated entirely to quantum investment. The firm is partnering with public institutions, private companies, and researchers to bring quantum innovations from lab to market.

"We see a tremendous opportunity to align state investment strategy with global innovation trends," said Hillary Matchett, Chief Investment Officer at Quantum Coast Capital. "Florida's universities are graduating incredible talent, and this MOU helps ensure that the next generation of founders doesn't have to leave the state to find opportunity in quantum technology."

Quantum Beach 2025 brought together leaders from government, academia, and industry in West Palm Beach to explore the future of quantum technology. The event highlighted Florida's growing role as a national leader in quantum innovation, from groundbreaking research to workforce development and strategic investment. Throughout the day, attendees learned how quantum computing, networking, and sensing are reshaping industries and driving economic growth. Quantum Beach served as a reminder that the next technological revolution is already underway-and that Florida is leading the charge from its own Quantum Coast.

About Florida Opportunity Fund
The Florida Opportunity Fund provides venture capital to emerging Florida companies, leverages additional capital resources, builds relationships with experienced entrepreneurs to lead growth companies, and partners with other organizations to strengthen the early-stage finance ecosystem in Florida. For more information, please visit www.FloridaOpportunityFund.com .

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