diff --git a/README.md b/README.md
index 3de5984fa..9642c4898 100644
--- a/README.md
+++ b/README.md
@@ -76,10 +76,11 @@ print(qc_compiled.draw())
## Acknowledgements
-The Munich Quantum Toolkit has been supported by the European
-Research Council (ERC) under the European Union's Horizon 2020 research and innovation program (grant agreement
-No. 101001318), the Bavarian State Ministry for Science and Arts through the Distinguished Professorship Program, as well as the
-Munich Quantum Valley, which is supported by the Bavarian state government with funds from the Hightech Agenda Bayern Plus.
+This project received funding from the European Research Council (ERC) under the European Union's Horizon 2020 research
+and innovation program (grant agreement No. 101001318), was part of the Munich Quantum Valley, which is supported by the
+Bavarian state government with funds from the Hightech Agenda Bayern Plus, and has been supported by the BMWK on the
+basis of a decision by the German Bundestag through project QuaST, as well as by the BMK, BMDW, the State of Upper
+Austria in the frame of the COMET program, and the QuantumReady project within Quantum Austria (managed by the FFG).