Finnish startup IQM Finland Oy (IQM), a leading European company for quantum computer hardware, was just awarded a €2.5 million grant and up to €15 million of equity investment from the EIC Accelerator programme for the development of quantum computers, benefitting the industry and society at large.

“With our growing team in Munich, IQM will build co-design quantum computers for commercial applications and install testing facilities for quantum processors,” states Prof. Enrique Solano, CEO of IQM Germany.

The team can already see a shift in thinking regarding quantum computers, with evermore funding being invested by governments.

“Quantum computers will be funded by European governments, supporting IQM´s expansion strategy to build quantum computers in Germany,” says Dr. Jan Goetz, CEO and co-founder of IQM.

This brings us closer to quantum advantage thus providing tangible commercial value in near-term quantum computers,” adds Dr. Kuan Yen Tan, CTO and co-founder of IQM. | To read full story, visit https://startuparound.com/read/1591961474.561409/Finnish-startup-IQM-secures-€17.5-million-to-bring-quantum-computers-to-society?ref=audio_experience