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BlackBerry Inventor Starts Fund to Make Star Trek Device Reality

Mike Lazaridis, inventor of the BlackBerry smartphone, is starting a C$100 million ($97 million) quantum technology fund that’s aiming to turn devices like the medical tricorder from “Star Trek” into reality.

The fund, called Quantum Valley Investments, is being financed exclusively by Lazaridis and Doug Fregin, an old friend and co-founder of Research In Motion Ltd., the company behind the BlackBerry. The goal is to commercialize technologies from a cluster of research labs that have been bankrolled by Lazaridis. At least one startup has signed up with the fund and the first products may emerge in the next two to three years, he said.