Project description
Quantum computers breaking the threshold to commercialisation
IQM, the European leader for quantum computing has commercialised superconducting qubits and quantum information processing technologies. With the largest quantum hardware team amongst quantum computing companies in Europe and with EU backing, the company is well positioned to build the most advanced quantum computer in the world. The EU-funded Prometheus project involves the development of the first commercial quantum computer. The processors developed in this project represent the order of magnitude required to run commercially viable quantum algorithms. The processor size also suffices to implement quantum accelerators where quantum processors are installed in large supercomputing centres. The IQM quantum computer will place Europe at the heart of another quantum revolution.
Objective
IQM is a spin-out from Aalto University’s Quantum Computing and Devices (QCD) group and the Finnish State Research Centre (VTT). We were established to commercialise superconducting qubit and quantum information processing technologies. We have assembled the largest (25+) quantum hardware team among private European quantum computing companies. We are well positioned to develop the first commercial 1,000-qubit quantum computer: Prometheus.
Prometheus will be the most advanced quantum computer in the world: 1,000 qubits represent the order of magnitude required to run commercially-viable quantum algorithms as well as the number needed to implement a few error-corrected logical qubits, assuming the current error rates (~0.1%) of physical qubits. This ambitious project is made possible by IQM’s key quantum processor innovations: 1) faster qubit reset with patented quantum-circuit refrigerator technology, 2) faster qubit readout with patent-pending multi-channel qubit measurement scheme, 3) faster logic gates with high-anharmonicity qubit design, and 4) novel micro-fabricated components (microwave amplifiers, low-temperature electronics, cabling and
connectors).
In the short-term (3 years), we will deliver 5- to 20-qubit devices to supercomputing centres, so they can experiment with noisy intermediate-scale quantum (NISQ) algorithms. We already have seen interest from organizations like CSC Finland, LRZ Munich and A*STAR IHPC. In the mid-term (5 years), we will deliver the first 1,000-qubit device expected to achieve superior performance to solve concrete industrial problems. We already have interest from large industrial customers such as Airbus, Volkswagen and Covestro to use our quantum computers to tackle problem such as traffic flow optimization and battery chemical structure simulation.
We are ideally positioned to lead the second quantum revolution in Europe and become a European unicorn.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences political sciences political transitions revolutions
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering computer hardware quantum computers
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2 - SME instrument phase 2
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
02150 ESPOO
Finland
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.