QuantWare awarded €7.5m to rapidly scale superconducting quantum processors

QuantWare, a provider of superconducting quantum processors, has been awarded €7.5m from the European Innovation Council to develop and extend the use of quantum computing with scalable and customisable quantum processors.

The 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 aims to support start-ups 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 organisations 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.”