(AsianScientist) Quantum tech startups are well-positioned to take this technology to the market, said a team of tech and venture experts in Singapore.
Advances in quantum tech have been made in recent years, mostly spearheaded by large companies such as IBM and Google. A recent panel moderated by Jeremy Youker, director of venture building at SGInnovate, and comprised of Dr Tommaso Demarie, CEO and co-founder, Entropica Labs; Dr Shabnam Safaei, founder-in-residence, Entrepreneur First; and Dr Tan Si-Hui, chief science officer, Horizon Quantum Computing, all agreed that startups have a role to play in pushing the frontiers of quantum computing.
“Quantum computing is in its early stages and is very risky at the moment. [Hence, investing heavily in quantum computing R&D] is not going to create new revenue for companies in the short term,” cautioned Dr Safaei.
Youker explained, “To build upon their advantageous position and grow sustainably, startups need to strike a balance between meeting short term business objectives and working towards long term ambitions.”