SiMOS’ Acquisition of IP rights from Silicon Quantum Computing

King & Wood Mallesons advised Silicon Quantum Computing, while Jones Day acted for SiMOS Newco, the spin-out company, and Gilbert + Tobin acted for UNSW.

Silicon Quantum Computing sold complex intellectual property rights and specialised equipment relating to certain quantum computing hardware to a new UNSW Sydney spin-out company. 

As well as the sale of assets, the deal involved arrangements to commission and share new intellectual property relevant to both technologies developed at UNSW Sydney. 

SQC was formed in May 2017 by the Commonwealth of Australia, UNSW Sydney, Telstra, CBA and the State of New South Wales to commercialise a portfolio of quantum computing hardware technologies developed by UNSW Sydney.  SQC is led by Professor Michelle Simmons and has become a global leader in quantum computing.

In December 2019, SQC announced a strategic decision to focus on Atom Qubits in Silicon technology.  SQC continued to support separate technology relating to a process for silicon CMOS (SiMOS) qubit fabrication proposed by Professor Andrew Dzurak. 

Through this deal, SQC has sold intellectual property rights and capital equipment relating to the SiMOS technology to a new spin out company formed and funded by UNSW Sydney and Allectus Capital.

The K&W team was led by Partner Scott Bouvier (Picture),  together with Senior Associate Karen Litherland. 

Involved fees earner: Scott Bouvier – King & Wood Mallesons; Karen Litherland – King & Wood Mallesons;

Law Firms: King & Wood Mallesons;

Clients: Silicon Quantum Computing;

Sonia Carcano

Author: Sonia Carcano