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
Programme(s)
Funding Scheme
SME-2 - SME instrument phase 2Coordinator
02150 Espoo
Finland
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.