Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

New EU Consortium shaping the future of Quantum Computing

This image opens in the lightbox

News provided by

IQM Finland Oy

12 Feb, 2021, 16:10 GMT

Share this article

Share toX

Share this article

Share toX

An IQM Quantum Computers led consortium awarded € 12.4 Million by the German Ministry of Education and Research to commercialize application-specific quantum processors.  

ESPOO, Finland, Feb. 12, 2021 /PRNewswire/ -- A project consortium which includes startups, industry, research centers, supercomputing centers and academia has come together to accelerate Europe´s Quantum leadership efforts. IQM Quantum Computers will bring the members of this project consortium together and lead this project as a system integrator.

Continue Reading
This image opens in the lightbox
Founders: From left to right: Dr. Jan Goetz, CEO, Co-founder of IQM, Prof. Mikko Möttönen, Chief scientist, Co-founder of IQM, Dr. Kuan Yen Tan, CTO, Co-founder of IQM, Dr. Juha Vartiainen, COO, Co-founder of IQM
This image opens in the lightbox
IQM Quantum Computers Design

Europe has always been excellent in academic research, but over the past few decades commercializing research projects has been slow compared to international competition. This is starting to change with quantum technologies. As one of the largest efforts in Europe and worldwide, Germany announced € 2 Billion funding into quantum programs in June 2020, from which €120 Million are invested in this current round of research grants.  

Today, IQM announced a Quantum project consortium that includes Europe's leading startups (ParityQC, IQM), industry leaders (Infineon Technologies), research centers (Forschungszentrum Jülich), supercomputing centers (Leibniz Supercomputing Centre), and academia (Freie Universität Berlin) has been awarded € 12.4 Million from the German Ministry of Education and Research (BMBF) (Announcement in German).

The scope of the project is to accelerate commercialization through an innovative co-design concept. This project focuses on application-specific quantum processors, which have the potential to create a fastlane to quantum advantage. The digital-analog concept used to operate the processors will further lay the foundation for commercially viable quantum computers. This project will run for four years and aims to develop a 54-qubit quantum processor.

The project is intended to support the European FET Flagship project EU OpenSuperQ, announced in 2018 which is aimed at designing, building, and operating a quantum information processing system of up to 100 qubits. Deploying digital-analog quantum computing, this consortium adds a new angle to the OpenSuperQ project and widens its scope. With efforts from Munich, Berlin and Jülich, as well as Parity QC from Austria, the project builds bridges and seamlessly integrates into the European quantum landscape.

"The grant from the Federal Ministry of Education and Research of Germany is a huge recognition of our unique co-design approach for quantum computers. Last year when we established our office in Munich, this was one of our key objectives. The concept allows us to become a system integrator for full-stack quantum computers by bringing together all the relevant players. As Europe's leading startup in quantum technologies, this gives us confidence to further invest in Germany and other European countries" said Dr. Jan Goetz, CEO of IQM Quantum Computers.

As European technology leader, Germany is taking several steps to lead the quantum technology race. An important role of such leadership is to bring together the European startups, industry, research and academic partners. This project will give the quantum landscape in Germany an accelerated push and will create a vibrant quantum ecosystem in the region for the future.

Additional Quotes:

"DAQC is an important project for Germany and Europe. It enables us to take a leading role in the area of quantum technologies. It also allows us to bring quantum computing into one of the prime academic supercomputing centres to more effectively work on the important integration of high-performance computing and quantum computing. We are looking forward to a successful collaboration," said Prof. Dr Martin Schulz, Member of the Board of Directors, Leibniz Supercomputing Centre (LRZ). 

"The path towards scalable and fully programmable quantum computing will be the parallelizability of gates and building with reduced complexity in order to ensure manageable qubit control. Our ParityQC architecture is the blueprint for a fully parallelizable quantum computer, which comes with the associated ParityOS operating system. With the team of extraordinary members of the DAQC consortium this will allow us to tackle the most pressing and complex industry-relevant optimization problems." said Magdalena Hauser & Wolfgang Lechner, CEOs & Co-founder ParityQC

"We are looking forward to exploring and realizing a tight connection between hardware and applications, and having DAQC quantum computers as a compatible alternative within the OpenSuperQ laboratory. Collaborations like this across different states, and including both public and private partners, have the right momentum to move quantum computing in Germany forward." said Prof. Frank Wilhelm-Mauch, Director, Institute for Quantum Computing Analytics, Forschungszentrum Jülich

"At Infineon, we are looking forward to collaborating with top-class scientists and leading start-ups in the field of quantum computing in Europe. We must act now if we in Germany and Europe do not want to become solely dependent on American or Asian know-how in this future technology area. We are very glad to be part of this highly innovative project and happy to contribute with our expertise in scaling and manufacturing processes." said Dr. Sebastian Luber, Senior Director Technology & Innovation, Infineon Technologies AG

"This is a hugely exciting project. It is a chance of Europe and Germany to catch up in the development of superconducting quantum computers. I am looking forward to adventures on understanding how such machines can be certified in their precise functioning."  said Prof. Jens Eisert, Professor of Quantum Physics, Freie Universität Berlin

About IQM Quantum Computers:

IQM is the European leader in superconducting quantum computers, headquartered in Espoo, Finland. Since its inception in 2018, IQM has grown to 80+ employees and has also established a subsidiary in Munich, Germany, to lead the co-design approach. IQM delivers on-premises quantum computers for research laboratories and supercomputing centers and provides complete access to its hardware. For industrial customers, IQM delivers quantum advantage through a unique application-specific co-design approach. IQM has raised € 71 Million from VCs firms and also public grants and is also building Finland's first quantum computer.

For more information, visit www.meetiqm.com.  

Registered offices:

IQM Finland Oy
Keilaranta 19
02150 Espoo
FINLAND
www.meetiqm.com

IQM GERMANY GmbH
Nymphenburgerstr. 86
80636 München
Germany

 

IQM: Facts and Figures

  • IQM offices: Espoo, Finland, and Munich, Germany.
  • Number of employees currently (February 2021): 80+ employees
  • Funding: Over € 71 Million from private investors and public grants.
  • Founding Year: 2018 

Founders:

  • Dr. Jan Goetz, CEO, Co-founder of IQM
  • Dr. Kuan Yen Tan, CTO, Co-founder of IQM
  • Prof. Mikko Möttönen, Chief scientist, Co-founder of IQM
  • Dr. Juha Vartiainen, COO, Co-founder of IQM

Photo: https://mma.prnewswire.com/media/1437806/IQM_Quantum_Computers_Founders.jpg  
Photo: https://mma.prnewswire.com/media/1437807/IQM_Quantum_computer_design.jpg  
Logo: https://mma.prnewswire.com/media/1121497/IQM_Logo.jpg

Media Contact: Raghunath Koduvayur, Head of Marketing and Communications, Raghunath@meetiqm.com, +358504876509

Related Links

http://meetiqm.com/contact/

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.