Single-photon light sources are a missing component for building photonic quantum technologies. End-goal applications of efficient single-photon sources include quantum networks, quantum cryptography, and quantum simulators, which are disruptive solutions to societal challenges within security and supercomputing. Single-photon sources of high efficiency, purity, and coherence are currently not commercially available and there is a substantial and growing market pull from R&D labs working on photonic quantum technology. The goal of the SME1 Phase-1 project QTOOL is to validate the business proposition and market strategy of Sparrow Quantum A/S, a spin-out from the Niels Bohr Institute in Copenhagen, which is developing single-photon sources of unprecedented quality and performance.
The SME Phase-1 feasiblity study confirmed the overall objectives of the QTOOL project and validated the business plan of Sparrow Quantum. Minor but very important insights were gained from the market analysis and business analysis.