Our latest startup for 10 is a deep technical special with QLM Technology Limited! Founded in 2017, QLM develops a quantum sensing system for the oil and gas industry, to detect methane leaks from well heads and pipelines.
Here to answer our 10 questions, Dr. Doug Millington-Smith is the Application Manager at QLM.
1 – In your own words – what do you do?
Oil and gas majors have promised to significantly reduce methane emissions in the coming years, you can’t manage what you can measure, and no one can measure methane properly, consistently and massively Used to be.
QLM Technology Limited seeks to enable organizations to achieve net zero through the mitigation of greenhouse gas emissions. Our revolutionary quantum single photon detection technology provides a true understanding of methane emission in an economical, scalable, and accurate way as a camera system, which continuously visualizes and quantifies methane plums.
2 – What is the most exciting thing about what you are doing?
There are several solutions to address the industry’s need for continuous monitoring of methane emissions, all of which are useful in the table (some solutions are well visualized, but not quantified, others are quantified , But do not localize, is a poor solution in the convenience of other people). Fugitives are not providing 24/7 capability to visualize and quantify anyone up to the equipment level due to the inherent challenges of monitoring leaks, vents and exhaust, providing all the different monitoring challenges that must be overcome. Is required.
Using quantum single photon detection, QLM is the first solution that can offer all of this in a single package – a relatively small, lightweight and easy-to-deploy package. The exciting thing is that potentially – not only can this solution solve problems associated with uncompensated methane emissions, but it can be extended to offer that solution globally.
3 – What are you most proud of so far?
In recent weeks, two major steps have taken place almost simultaneously.
First, QLM is designated by the 20201 BNEF Pioneer BloombergnafeIdentifying it as a group of small companies with the most effective and core technology innovations to advance the low carbon economy. Raised from over 250 applications from 36 different countries, QLM is the only UK company among the pioneers
Secondly, and even more promising for the future, is the seed round of funding that QLM has recently successfully closed. £ 3.1 million investment has led Green Angel Syndicate And include Enterprise 100 Syndicate, To Newable Venture Fund, To Development Bank of Wales, To Bristol Private Equity Club, To Britboats Seed Fund, And Houston-based oilfield technology solutions provider the champion.
Green Investor, a technology accelerator and multi-disciplinary association of oil and gas industry professionals, shares QLM’s vision of enabling organizations to achieve net zero through the mitigation of greenhouse gas emissions. The investment will provide a roadmap for expanding QLM’s technical and commercial potential, secure industrial validation of unique quantum TDLidar technology, and commercial readiness of the revolutionary quantum gas camera.
4 – What have you found most difficult about being a startup?
There are many challenges associated with starting out, but they grow quickly and your business plan is more likely to succeed.
Mostly, however, in a startup, there is nowhere to hide. You do not have a security blanket of an office full of colleagues doing similar tasks that can assist you (not that there is anything wrong with it). Each member of a small team (QLM currently has eight staff members) has to wear multiple hats at once, and model them all equally well. It is hard graft, but it can be very beneficial when you pay it.
5 – What would you do if you just started?
We must have started fundraising soon, knowing how long it will take to arrive. This process does not happen overnight, and in the case of both pre-seed and seed investment rounds, it takes longer than planned.
THis advantage comes with an advantage, with a much larger number of seed rounds being closed than originally planned, so there was a good problem for the delay, but the delay causes uncertainty, and will start soon. Means that uncertainty may soon be over.
6 – Where do you think you will be in 12 months?
This time next year, QLM plans to put the finishing touch on its fully commercial camera release. Currently, we are building minimally viable products designed primarily for field trials and demonstrations — the larger, heavier and more expensive the camera can be at present. The design of the future will be smaller and lighter (suitable for mounting in a UAV as well as fixed displacement), easier to manufacture (benefiting scale-up to industrial scale and reducing value), and greater autonomy of operation (true Enabling) 24/7/365 inaccessible monitoring of emissions).
7 – Which devices / people / services / organizations have helped you the most from the cluster?
QLM is capable of supporting both technical and commercial support. in support of Makes science And Housing in the Unit DX business, collaborating with STL – across the hall in the same building – on groundbreaking spicesis, Innovate UK Conducted consultancy Businesswest, And the ongoing support of the university (another SPLICE fellow) has helped everyone achieve QLM where it is now.
8 – What is the best thing about the Bristol and Bath Tech cluster?
Beautiful as above – Bristol and Bath have a strong relationship with the technology community and are fast becoming a hub for deep technology and quantum applications. Started at QTEC, QLM is able to gain collaborative support in software engineering, infrastructure and academic research from a rich pool of talent at its doorstep. As it enhances its operation after the completion of the seed round, it will in the first instance have to recruit from this readily available supply of expertise.
9 – Who will you nominate for Sparky next year?
With so many sources of help in the cluster, it is difficult to choose, but for the sheer depth of the relationship and the amount of work that is delivered during an incredibly challenging year, we will look into it STL Tech. Their collaborative effort with WLM, particularly on the internal and customer-facing software aspects of the offering, has been tremendous.
10 – Where can we get more information about you?
We have recently remodeled our website to make it the hub for all our recent materials stores as well as news. take a look at www.qlmtec.com, And see us on social media as well:
Thanks to the QLM team for another great startup for 10! If you are enjoying deep tech facilities, you can read more about deep tech talent in the area here or enjoy the breakdown of some deep tech companies to learn about the Southwest.