Organization to serve as incubator for new companies focused on exponential technology
NEW YORK--(BUSINESS WIRE)--The WorldQuant Foundry (WQF, “The Foundry”), a new business incubation platform, launched to develop and deploy new companies that seek to advance exponential technology.
The Foundry will partner with leading entrepreneurs to advance high-impact technologies that may have the potential to better the future of mankind.
“We believe the potential of what can be achieved when more people partner with predictive technology in positive ways is exponential. We’re excited to launch WorldQuant Foundry as an incubator of innovative ideas to build the next generation of high-impact businesses. By empowering global talent and harnessing the power of data to generate insights, I believe we will be able to reach the future faster,” said Igor Tulchinsky, Founder of WorldQuant Foundry.
Amir Husain, Chairman of the Board of WorldQuant Foundry, will help drive this transformation, leveraging his decades of experience as an investor, business builder and CEO.
“This factory model will inform our ability to innovate and scale breakthrough ideas rapidly and hopefully accelerate our impact,” said Amir Husain, Chairman of the Board of WQF. “Our immediate focus is early-stage companies across industries that are utilizing exponential technologies and are seeking to change the world as we know it.”
“We believe WorldQuant Foundry is uniquely positioned to empower founders with advanced predictive tools and actionable insights to improve decision-making for the long-term,” said Steven Lau, WorldQuant Foundry CEO and Managing Director at WorldQuant Ventures. “We’re excited to leverage our team’s range of sector expertise under Amir’s leadership to pursue the potential of this new frontier for technology.”
WQF will focus on incubating companies across select sectors and markets focused on revolutionizing their industries with AI. WQF’s intended primary focus areas will include partnering with entrepreneurs and companies in the following areas:
- Artificial Intelligence (AI): Integrating AI across sectors, by developing an AI platform to power WQF’s product portfolio.
- Space Exploration: Working to make space more accessible and harnessing its potential for next-generation communication.
- Finance & De-Fi: Reimagining financial systems through fintech platforms that offer previously unavailable insights to private markets. The focus is on developing blockchain technology as well as DeFi tech and assets.
- Robotics: Building intelligent, adaptable robots to transform manufacturing, healthcare, logistics, and more.
- Health & Genomics: Investigating DNA and economizing healthcare, making medicine more targeted and personal. Also focusing on driving improvements in agriculture and environmental sciences.
- Quantum and Alternative Computing: Exploring other ways of building high-performance computers beyond traditional architecture. WQF believes in quantum technologies, from computing to software and sensing.
- Mobility: Investing in autonomous aviation, high-speed land mass transit and all the enabling technologies – AI routing, batteries and autonomy – that have the potential to make transportation more efficient, accessible and sustainable.
- Education: Collaborating with WorldQuant University to focus on building technologies that can make education higher quality, more accessible and customized to the needs of each student.
WQF has several companies in development already and plans to begin launching new businesses in the months ahead.
For more information, please visit the WorldQuant Foundry website here.
About WorldQuant Foundry
WorldQuant Foundry is an incubator – a factory conceived for world-changing ideas – building companies driven by exponential technologies, all powered by a common artificial intelligence platform. The organization works with leading entrepreneurs on high-impact technologies designed to alter the future of mankind.
WorldQuant Foundry, founded by Igor Tulchinsky, is a separate entity from WorldQuant, LLC, a global quantitative asset management firm.
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