888-384-7144 info@insidequantumtechnology.com

Tech Partnership to Drive Finland’s Quantum Computing Project to Build 50-Qubit Quantum Computer by 2024

By IQT News posted 18 Jan 2021

(ComputerWeekly) https://www.computerweekly.com/news/252494884/Tech-partnership-to-drive-Finlands-quantum-computing-project. Finland’s plan to build a 50-qubit machine stacks up reasonably well in terms of ambition and scope, compared with projects being run by global tech giants Google and IBM.
The VTT-IQM co-innovation partnership aims to deliver a 50-qubit machine by 2024, drawing on international quantum technology expertise to augment Finland’s home-grown quantum capabilities.
The partnership combines VTT’s expertise in supercomputing and networking systems with IQM’s capacity to deliver a hardware stack for a quantum computer while working with VTT to integrate critical technologies.
The financing element of the project saw IQM launch a new series A funding round in November. The Helsinki-headquartered company raised €39m in new capital in the funding round, bringing to €71m the total amount raised by IQM for quantum computing-related research and development (R&D) project activities to date.
State-owned VTT is providing financing for the project in the form of grants totalling €20.7m from the Finnish government.
The VTT-IQM project will proceed in three stages. The first will involve the construction of a five-qubit computer by the year of 2021. The project will then be scaled up in 2022, parallel with enhancement of support infrastructure, to deliver the target 50-qubit machine in 2023.

Subscribe to Our Email Newsletter

Stay up-to-date on all the latest news from the Quantum Technology industry and receive information and offers from third party vendors.

IQT Partner Program

Quantropi
DUSA
McAndrews
HKA
Aliro
RANDAEMON
Zapata
Quantum Xchange
Toshiba
Quintessence Labs
Keysight World
Post Quantum
Qunnect

Become an IQT partner

0