Ex- Research In Motion Ltd (NASDAQ:BBRY)’s Blackberry inventor Lazaridis sets out on star trek device journey
Northern, WI 03/21/2013 (avauncer) - Sci-fi devices need no longer be restricted to reel. The Blackberry smartphone inventor, Mike Lazaridis is starting a $97 million quantum technology fund. It will aim to make real- world devices out of ones like the medical tricorder that was famously used in space-based movies and series “Star Trek”. Quantum Valley Instruments is the name that the fund will go by. Lazaridis and his long-time friend, Doug Fregin who is also the co-founder of Research In Motion Ltd (NASDAQ:BBRY) (Current: $16.00, Up by 6.45%) will be the exclusive financers of the fund.
Versatility in technology
Lazaridis has bankrolled a cluster of research labs and commercialization of technologies that have been developed by them is the goal of the venture. The fund already has one startup and it will take around 2-3 years for the first products to hit the market. Lazaridis said that they are exited about launching these little gems. The very idea that blood tests and MRI’s can be carried out by a Tricorder is an astounding one. Having a single device that can do all these things is amazing.
Quantum breakthroughs that create the quantum sensors are the only reason why something so technologically advanced can become a definite reality.
Lazaridis moved out of the Research In Motion Ltd (NASDAQ:BBRY) CEO post 14 months ago and is now channelising funds and all his efforts into nanotechnology (science of small) and quantum computing. Quantum cryptography is already being used by several banks in Europe for secure financial transfers, is another possible area of investment. He continues to be Blackberry’s second-largest investor with a $450 million stake in the company.