Microscopic Image of a 25-qubit Contralto Processor by QuantWare
PRESS RELEASE — DELFT, NETHERLANDS, June 8th, 2022— QuantWare, a leading provider of superconducting quantum processors, has been awarded €7.5M from the European Innovation Council to democratize quantum computing with scalable and customizable quantum processors.
This funding will support the company to further develop its proprietary technology to rapidly scale quantum processors far beyond today’s limited qubit counts.
The EIC Accelerator is Europe’s most competitive public funding instrument, aimed at supporting startups in achieving high-impact technological and scientific breakthroughs to address global challenges. This was the first cut-off of the new EIC Accelerator “enhanced pilot” for which 1091 organizations applied, but only 74 were selected.
“We are delighted to receive the support of the European Innovation Council in this exceptionally competitive round,” said Matthijs Rijlaarsdam, CEO and co-founder of QuantWare. “This project will bring quantum processors much larger than the current state of the art to the European ecosystem and beyond.”
About QuantWare
QuantWare is a TU Delft / QuTech spin-out that develops, designs and fabricates scalable superconducting quantum processors. The company is the first in the world that sells these to third parties. This allows the company’s customers to build full-stack Open-Architecture Quantum Computers or 1/10th the cost of competing solutions. These are systems that are built using the components of various suppliers, much like today’s computers.
QuantWare develops technology that will massively scale the number of qubits in a single processor, to create processors that can perform useful quantum computation in the near term. The company is based in Delft, the Netherlands.
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James Dargan
James Dargan is a writer and researcher at The Quantum Insider. His focus is on the QC startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.
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MENTIONED IN THE ARTICLE
QuantWare
QuantWare develops and sells quantum hardware including superconducting QPUs and attenuators.
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TU Delft
The Delft University of Technology, situated in Delft, Netherlands, is the oldest and largest public technical university in the country. It was established in 1842. In 2022, it holds a position within the top 10 engineering and technology universities globally, as per the QS World University Rankings.
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Qutech
At QuTech, researchers work on a radically new technology with world-changing potential. Their mission: to develop scalable prototypes of a quantum computer and an inherently safe quantum internet, based on the fundamental laws of quantum mechanics.
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