{"id":500777,"date":"2022-10-14T10:33:19","date_gmt":"2022-10-14T07:33:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/europes-quantum-sector-is-poised-for-massive-growth\/"},"modified":"2022-10-14T10:33:19","modified_gmt":"2022-10-14T07:33:19","slug":"europes-quantum-sector-is-poised-for-massive-growth","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/europes-quantum-sector-is-poised-for-massive-growth\/","title":{"rendered":"#Europe\u2019s quantum sector is poised for massive growth"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af49a893c2a3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af49a893c2a3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/europes-quantum-sector-is-poised-for-massive-growth\/#%E2%80%9CEuropes_quantum_sector_is_poised_for_massive_growth%E2%80%9D\" >&#8220;Europe\u2019s quantum sector is poised for massive growth&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/europes-quantum-sector-is-poised-for-massive-growth\/#Greetings_humanoids\" >Greetings, humanoids<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/europes-quantum-sector-is-poised-for-massive-growth\/#Whats_so_special_about_quantum_computing\" >What\u2019s so special about quantum computing?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/europes-quantum-sector-is-poised-for-massive-growth\/#Boots_on_the_ground\" >Boots on the ground<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/europes-quantum-sector-is-poised-for-massive-growth\/#1_IQM\" >#1: IQM<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/europes-quantum-sector-is-poised-for-massive-growth\/#2_Pasqal\" >#2: Pasqal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/europes-quantum-sector-is-poised-for-massive-growth\/#3_Oxford_Quantum_Circuits\" >#3: Oxford Quantum Circuits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/europes-quantum-sector-is-poised-for-massive-growth\/#Europes_quantum_future\" >Europe\u2019s quantum future<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CEuropes_quantum_sector_is_poised_for_massive_growth%E2%80%9D\"><\/span>&#8220;Europe\u2019s quantum sector is poised for massive growth&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div id=\"article-main-content\">\n                            <span style=\"font-weight: 400;\">The European quantum computing sector might be the most exciting field in tech. Funding is at an all-time high and the number of quantum startups is increasing year over year. Yet the global <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> tends to portray the EU and UK as potential runners up in the supposed quantum computing race.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In order to understand Europe\u2019s position in the global quantum computing market we need to roll the clock back a couple years. Investors and entrepreneurs began flocking to quantum during <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fortunebusinessinsights.com\/quantum-computing-market-104855\"><span style=\"font-weight: 400;\">the COVID-19 tech boom<\/span><\/a><span style=\"font-weight: 400;\"> and, despite the expected post-pandemic drop off, analysts are predicting <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.mckinsey.com\/capabilities\/mckinsey-digital\/our-insights\/quantum-computing-funding-remains-strong-but-talent-gap-raises-concern\"><span style=\"font-weight: 400;\">a massive increase in market size<\/span><\/a><span style=\"font-weight: 400;\"> over the next 5-15 years. However, that optimism is somewhat tempered by the fact that quantum computing is a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> that\u2019s still in its infancy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some scientists<\/span><span style=\"font-weight: 400;\"> believe quantum computers will never be as useful as the companies building them hope. Still <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/slate.com\/technology\/2022\/01\/quantum-computing-winter-scenario.html\"><span style=\"font-weight: 400;\">others fear<\/span><\/a><span style=\"font-weight: 400;\"> developmental delays could lead to a \u201cquantum winter\u201d where investments and research funding freeze up and cause the field to stall. Luckily, those views <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be in the minority.\u00a0<\/span><\/p>\n<div class=\"inarticle-wrapper neural channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img class=\"js-lazy\" https:=\"\"\/><\/div>\n<p><noscript><img decoding=\"async\" src=\"https:\/\/thenextweb.com\/news\/src=\" https:=\"\"\/><\/noscript><\/p>\n<div class=\"channel-cta-input\">\n<h2 class=\"channel-cta-title\"><span class=\"ez-toc-section\" id=\"Greetings_humanoids\"><\/span>Greetings, humanoids<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"channel-cta-tagline\">Subscribe to our <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter now for a weekly recap of our favorite AI stories in your inbox.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><span style=\"font-weight: 400;\">Industry analysis and peer-reviewed research largely demonstrate that quantum computing is on the verge of having a breakout in Europe similar to the deep learning explosion that started in 2014. And it currently shows no sign of slowing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This shouldn\u2019t come as shocking news to anyone. Europe\u2019s where quantum was born. This isn\u2019t a new technology that\u2019s being imported. It\u2019s the continuation of more than a century of work that, essentially, began in Germany.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first quantum revolution started when German scientist Max Planck published his seminal study on \u201c<\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/arxiv.org\/pdf\/physics\/0402064.pdf\"><span style=\"font-weight: 400;\">blackbody radiation<\/span><\/a><span style=\"font-weight: 400;\">\u201d in December of 1900.\u00a0 A few years later, Planck would assist a young Albert Einstein in refining the theory of relativity that would eventually become part of the bedrock of our understanding of physics today. Simply put: without European scientists, there would be no quantum computing industry to speak of.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today, that industry is worth <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fortunebusinessinsights.com\/quantum-computing-market-104855\"><span style=\"font-weight: 400;\">somewhere around \u20ac500 million<\/span><\/a><span style=\"font-weight: 400;\">. The comprehensive view, for the EU and UK, involves state funding from nearly every country in Europe, participation from hundreds of academic institutions, and the founding of <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/uvc-partners-news\/the-european-quantum-computing-startup-landscape-a115ffe84ad8\"><span style=\"font-weight: 400;\">more than 69 quantum computing-focused startups<\/span><\/a><span style=\"font-weight: 400;\">. But before we dive into those companies and institutions, it\u2019s important to understand <\/span><i><span style=\"font-weight: 400;\">why <\/span><\/i><span style=\"font-weight: 400;\">they\u2019re invested in quantum computing.\u00a0<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" class=\"size-full wp-image-1391677 js-lazy\" alt=\"max planck\" width=\"1640\" height=\"1181\" sizes=\"auto, (max-width: 1640px) 100vw, 1640px\" https:=\"\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck.jpeg 1640w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-280x202.jpeg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-187x135.jpeg 187w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-375x270.jpeg 375w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-1536x1106.jpeg 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-796x573.jpeg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-1592x1146.jpeg 1592w\"\/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fneural%2F2022%2F10%2F14%2Fanalysis-europe-quantum-sector-poised-massive-growth%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Max Planck, the German Nobel Prize-winning physicist.\" data-title=\"Share Max Planck, the German Nobel Prize-winning physicist. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Max Planck, the German Nobel Prize-winning physicist. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>Max Planck, the German Nobel Prize-winning physicist.<\/figcaption><noscript><img loading=\"lazy\" class=\"size-full wp-image-1391677\" https:=\"\" alt=\"max planck\" width=\"1640\" height=\"1181\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck.jpeg 1640w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-280x202.jpeg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-187x135.jpeg 187w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-375x270.jpeg 375w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-1536x1106.jpeg 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-796x573.jpeg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/max-planck-1592x1146.jpeg 1592w\"\/><\/noscript><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Whats_so_special_about_quantum_computing\"><\/span><span style=\"font-weight: 400;\">What\u2019s so special about quantum computing?\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The basis for the optimism surrounding the field involves a concept called \u201cquantum advantage.\u201d The technology is expected to reach a point of development where quantum computers are capable of performing computations and running algorithms that classical computers either cannot or cannot run within a feasible amount of time. Currently, \u201cquantum advantage\u201d is a somewhat nebulous term. Quantum computing is in its infancy and there\u2019s no agreed-upon benchmark by which one type of quantum computer can be compared to another, or to a classical supercomputer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because of the way quantum computers function, you can\u2019t just measure clock speed or CPU performance to determine which system is better. Researchers typically run incredibly complex algorithms on computer systems in order to compare their upper abilities. However, these algorithms aren\u2019t typically useful for anything other than providing hard-to-solve problems for computers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Eventually, quantum computers are predicted to demonstrate clear advantage over classical computers in the execution of more than just complex puzzle-like algorithms. It\u2019s at this point that early-entry investors and startups might begin to see a return on their investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What this means for Europe is that there\u2019s no way to <\/span><i><span style=\"font-weight: 400;\">rush<\/span><\/i><span style=\"font-weight: 400;\"> to market when it comes to quantum technology. There are certainly ancillary endeavors in the quantum technologies space, such as quantum programming and algorithm development, that could potentially get ahead of hardware in the market, but the development of useful quantum computers currently involves a global effort.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This should forestall any immediate fears of a quantum winter \u2014 a period in which entrepreneurship and investment in quantum technologies freezes \u2014 while researchers around the world work to improve the current generation of rudimentary systems.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As to whether that translates into ROI for the VCs and entrepreneurs is, however, an entirely different question.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Boots_on_the_ground\"><\/span><span style=\"font-weight: 400;\">Boots on the ground<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are dozens of European startups focused on quantum computing. <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/uvc-partners-news\/the-european-quantum-computing-startup-landscape-a115ffe84ad8\"><span style=\"font-weight: 400;\">One report<\/span><\/a><span style=\"font-weight: 400;\"> put the exact number at 69 in 2020, and we\u2019ve seen several new companies formed since. We\u2019d love to profile them all but, in order to keep this article at a readable word count, we\u2019ve narrowed the focus down to three movers and shakers in the space.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"1_IQM\"><\/span><span style=\"font-weight: 400;\">#1: IQM<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/meetiqm.com\/technology\/\"><span style=\"font-weight: 400;\">IQM<\/span><\/a><span style=\"font-weight: 400;\"> is an Aalto University and VTT Finland spinout that builds quantum computers and what they refer to as \u201cco-designed\u201d quantum systems built for specific industrial applications. With its bespoke superconducting quantum processors, proprietary chipsets, and novel software and algorithm solutions, it\u2019s one of Europe\u2019s leading quantum computing startups.<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" class=\"size-full wp-image-1391675 js-lazy\" alt=\"Dr. Jan Goetz\" width=\"1280\" height=\"720\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" https:=\"\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz.jpg 1280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz-280x158.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz-240x135.jpg 240w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz-480x270.jpg 480w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz-796x448.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz-1200x675.jpg 1200w\"\/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fneural%2F2022%2F10%2F14%2Fanalysis-europe-quantum-sector-poised-massive-growth%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Dr. Jan Goetz, CEO and co-founder of IQM.\" data-title=\"Share Dr. Jan Goetz, CEO and co-founder of IQM. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Dr. Jan Goetz, CEO and co-founder of IQM. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>Dr. Jan Goetz, <span style=\"font-weight: 400;\">CEO and co-founder of IQM.<\/span><\/figcaption><noscript><img loading=\"lazy\" class=\"size-full wp-image-1391675\" https:=\"\" alt=\"Dr. Jan Goetz\" width=\"1280\" height=\"720\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz.jpg 1280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz-280x158.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz-240x135.jpg 240w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz-480x270.jpg 480w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz-796x448.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/Dr.-Jan-Goetz-1200x675.jpg 1200w\"\/><\/noscript><\/figure>\n<p><span style=\"font-weight: 400;\">The systems IQM builds are full stack quantum computers that are designed to be implemented on-site for customer applications. Where IBM, Intel, Google, and other research outfits are building quantum systems for use in cloud-based research and B2B applications, IQM\u2019s systems are built where the customers live. For this reason, IQM services a decidedly research-focused market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In July of 2022, IQM was <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/meetiqm.com\/articles\/press-releases\/european-leader-in-quantum-computing-iqm-raises-128m-led-by-world-fund\/\"><span style=\"font-weight: 400;\">awarded \u20ac120 million in funding by World Fund<\/span><\/a><span style=\"font-weight: 400;\"> for the purpose of using quantum computing to fight the climate crisis. According to Dr. Jan Goetz, CEO and co-founder of IQM, \u201cThis funding underscores the importance of our mission: building quantum computers for the well-being of humankind.\u201d<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Pasqal\"><\/span><span style=\"font-weight: 400;\">#2: Pasqal<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The next stop on our tour of Europe\u2019s quantum computing scene is France where Institut d\u2019Optique spinout <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pasqal.io\/\"><span style=\"font-weight: 400;\">Pasqal<\/span><\/a><span style=\"font-weight: 400;\"> builds quantum processing units (QPUs) out of atomic arrays. One of the company\u2019s goals is to build hybrid quantum systems that leverage their QPUs for advanced quantum simulations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pasqal\u2019s systems are different from the superconducting and gate-based systems being created in labs such as Google\u2019s and IQM\u2019s. They use atomic arrays in what\u2019s called a \u201cneutral atom architecture.\u201d Essentially the company uses lasers and a tool called \u201catomic tweezers\u201d to trap individual atoms for the purpose of modulating them. This allows its scientists to employ the trapped atoms as qubits for the purpose of quantum computation.\u00a0<\/span><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pasqal.io\/2022\/09\/27\/pasqal-appoints-ceo-for-canada-to-lead-its-north-american-facility\/\"><span style=\"font-weight: 400;\">According to the company<\/span><\/a><span style=\"font-weight: 400;\">, Pasqal\u2019s raised \u20ac40 million in funding. As to how that money\u2019s being spent, the company just opened up another lab in Canada where it plans to bring its European technology to the North American market.<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" class=\"size-full wp-image-1391678 js-lazy\" alt=\"pasqal building quantum units\" width=\"800\" height=\"534\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" https:=\"\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/pasqal-building-quantum-units.jpg 800w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/pasqal-building-quantum-units-280x187.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/pasqal-building-quantum-units-202x135.jpg 202w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/pasqal-building-quantum-units-404x270.jpg 404w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/pasqal-building-quantum-units-796x531.jpg 796w\"\/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fneural%2F2022%2F10%2F14%2Fanalysis-europe-quantum-sector-poised-massive-growth%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: An example of Pasqal building Quantum Processing Units\" data-title=\"Share An example of Pasqal building Quantum Processing Units on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share An example of Pasqal building Quantum Processing Units on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>An example of Pasqal building Quantum Processing Units<\/figcaption><noscript><img loading=\"lazy\" class=\"size-full wp-image-1391678\" https:=\"\" alt=\"pasqal building quantum units\" width=\"800\" height=\"534\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/pasqal-building-quantum-units.jpg 800w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/pasqal-building-quantum-units-280x187.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/pasqal-building-quantum-units-202x135.jpg 202w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/pasqal-building-quantum-units-404x270.jpg 404w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/pasqal-building-quantum-units-796x531.jpg 796w\"\/><\/noscript><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"3_Oxford_Quantum_Circuits\"><\/span><span style=\"font-weight: 400;\">#3: Oxford Quantum Circuits<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You might be able to guess which university <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/oxfordquantumcircuits.com\/\"><span style=\"font-weight: 400;\">OQC<\/span><\/a><span style=\"font-weight: 400;\"> spun out of. It builds superconducting quantum circuits that boast the company\u2019s unique \u201cCoaxmon.\u201d This patented invention lies at the heart of the company\u2019s quantum-as-a-service products, including \u201cLucy,\u201d the first European quantum computing system on Amazon\u2019s AWS.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Back in 2017 Oxford researchers published <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/arxiv.org\/pdf\/1703.05828.pdf\"><span style=\"font-weight: 400;\">groundbreaking research<\/span><\/a><span style=\"font-weight: 400;\"> on what they referred to as a \u201ccoaxial circuit QED architecture in which qubit and resonator are fabricated on opposing sides of a single chip, and control and readout wiring are provided by coaxial wiring running perpendicular to the chip plane.\u201d That same month, OQC was founded.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s now five years later, and OQC just closed <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/oxfordquantumcircuits.com\/oqc-series-a-38-million\"><span style=\"font-weight: 400;\">a series-A funding round with a \u20ac38 million investment<\/span><\/a><span style=\"font-weight: 400;\"> from Lansdowne Partners and The University of Tokyo Edge Capital Partners. The company will use the funding to expand into the Asian Pacific market and increase its internal R&amp;D budget.\u00a0<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" class=\"size-full wp-image-1391679 js-lazy\" alt=\"OQC Advanced quantum computer\" width=\"725\" height=\"700\" sizes=\"auto, (max-width: 725px) 100vw, 725px\" https:=\"\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/OQC-Advanced-quantum-computer.jpeg 725w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/OQC-Advanced-quantum-computer-218x210.jpeg 218w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/OQC-Advanced-quantum-computer-140x135.jpeg 140w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/OQC-Advanced-quantum-computer-280x270.jpeg 280w\"\/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fneural%2F2022%2F10%2F14%2Fanalysis-europe-quantum-sector-poised-massive-growth%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: OQC\u2019s quantum computer.\" data-title=\"Share OQC\u2019s quantum computer. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share OQC\u2019s quantum computer. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>OQC\u2019s quantum computer.<\/figcaption><noscript><img loading=\"lazy\" class=\"size-full wp-image-1391679\" https:=\"\" alt=\"OQC Advanced quantum computer\" width=\"725\" height=\"700\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/OQC-Advanced-quantum-computer.jpeg 725w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/OQC-Advanced-quantum-computer-218x210.jpeg 218w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/OQC-Advanced-quantum-computer-140x135.jpeg 140w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/OQC-Advanced-quantum-computer-280x270.jpeg 280w\"\/><\/noscript><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Europes_quantum_future\"><\/span><span style=\"font-weight: 400;\">Europe\u2019s quantum future<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Industry analysts predict the quantum computing market will swell to nearly six times its current size \u2014 that\u2019s a cap of over \u20ac3 billion. And, if the startups mentioned above are any indication, we can be sure that at least some European companies will be getting their piece of the pie. If the current outlook holds, there\u2019s no better time than right now for funders and fundees to jump into the quantum sector (provided, of course, you\u2019ve got the physics chops and an idea worth funding).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, there are a couple of challenges ahead for both entrepreneurs and investors that simply cannot be overlooked. First up, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.mckinsey.com\/capabilities\/mckinsey-digital\/our-insights\/quantum-computing-funding-remains-strong-but-talent-gap-raises-concern\"><span style=\"font-weight: 400;\">experts have identified<\/span><\/a><span style=\"font-weight: 400;\"> both an education deficit and brain drain (AKA: talent export) as key problems for the global quantum sector. And, secondly, there are no guarantees in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a> or technology.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addressing the first issue, Europe has a leg up over the US and other competitors when it comes to producing master\u2019s and PhD-level physicists. Denmark, for example, produces <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/investindk.com\/insights\/denmark-is-taking-the-lead-in-educating-quantum-talent#:~:text=Denmark%20has%20the%20world%27s%20highest,635%20graduates%20per%20million%20inhabitants.\"><span style=\"font-weight: 400;\">the most per capita physicists of any nation<\/span><\/a><span style=\"font-weight: 400;\">, with an astounding 635 grads per million citizens. However, what it makes up for in academia it arguably loses in post-graduate brain drain to Silicon Valley and big tech. This even extends to investments where, according to experts, some 25% of all European funding for quantum technologies is invested in non-European companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As for there being no guarantees in science, it\u2019s important to reiterate that quantum computing is still in its infancy. Scientists have demonstrated the technology works but, to date, there aren\u2019t any truly useful quantum computers. We can be all but certain that quantum computers will mature to a point of usefulness. But there\u2019s no telling exactly how useful they\u2019ll be \u2014 especially if you try to measure it through ROI.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That being said, the current investment trends coupled with expert industry analysis seems to indicate that today\u2019s crop of European quantum computing startups are just the pioneering vanguard of an industry that could eventually become a backbone technology as ubiquitous as AI. <\/span>\n                        <\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/analysis-europe-quantum-sector-poised-massive-growth\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Europe\u2019s quantum sector is poised for massive growth&#8221; The European quantum computing sector might be the most exciting field in tech. Funding is at an all-time high and the number of quantum startups is increasing year over year. Yet the global media tends to portray the EU and UK as potential runners up in the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":500778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/neural?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/10\/EUquantum.jpg&signature=0b6b946b74169dae50170889eb2b8057","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-500777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/500777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=500777"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/500777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/500778"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=500777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=500777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=500777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}