{"id":1207,"date":"2022-04-28T09:36:43","date_gmt":"2022-04-28T07:36:43","guid":{"rendered":"https:\/\/salvia.de\/?p=1207"},"modified":"2022-05-05T09:37:46","modified_gmt":"2022-05-05T07:37:46","slug":"iqms-quantum-fabrication-facility-gets-a-e35-million-boost-from-the-eib","status":"publish","type":"post","link":"https:\/\/salvia.de\/en\/iqms-quantum-fabrication-facility-gets-a-e35-million-boost-from-the-eib\/","title":{"rendered":"IQM\u2019s quantum fabrication facility gets a \u20ac35 million boost from the EIB"},"content":{"rendered":"

28\/04\/2022
\n– The funding will be used to accelerate the development and commercialisation of IQM\u2019s quantum processors
\n– Quantum computing is considered a sector of strategic importance for the European Union with potential to revolutionise many sectors<\/strong><\/p>\n

The European Investment Bank (EIB) has granted \u20ac35 million to IQM Quantum Computers to accelerate the development and commercialisation of its quantum processors built at Europe\u2019s first quantum-dedicated fabrication facilities in Espoo, Finland. The loan is part of the European Guarantee Fund\u2019s venture debt product introduced to provide liquidity to small and medium-sized companies affected by the pandemic.<\/strong><\/p>\n

In addition,<\/strong> IQM<\/strong> benefited from EIB Advisory Services<\/strong> support in preparation for the EIB financing application.<\/p>\n

This announcement follows IQM\u2019s announcement in November of the opening of its first fabrication facility in Finland. The initial tranche of the EIB funds will be used for expanding the facility, accelerating material research and developing quantum processors.<\/p>\n

Upon receiving this first debt financing from the EIB, IQM\u2019s Chief Executive Dr Jan Goetz said, \u201cToday\u2019s chips shortage has exposed just how dependent the world is on semiconductor manufacturers in Asia. Quantum processors give us an opportunity to learn from this and become self-reliant first, and a global provider for quantum chips in the future. This EIB loan supports us in building more balanced and resilient quantum development in Europe. We are already working on the most advanced quantum technology in Europe and this loan will also help us create the next-generation European quantum ecosystem.\u201d<\/p>\n

\"\"<\/a>

IQM_Quantum_Computer_Photo Business Wire<\/p><\/div>\n

EIB President Werner Hoyer said: \u201cQuantum computing is still at an early stage. However, it has the potential to revolutionise many sectors, from drug and vaccine development to cybersecurity. Given the scale of the potential impact, global competition in quantum computing is fierce. Ensuring that companies such as IQM are well-funded is key to positioning Europe as a technological leader worldwide.\u201d<\/p>\n

EIB Vice-President Thomas \u00d6stros added: \u201cAs we consider quantum computing as a sector of strategic importance, we are glad to support the Finland-based company IQM. With our financing, we not only sustain and create jobs within a highly innovative industry, but we also place ourselves squarely behind technological know-how. Europe has a strong tradition of quantum research, and funding IQM ensures that the results of this research will be put into practice in real-world innovations.\u201d<\/p>\n

This financing announcement follows other news regarding IQM\u2019s open-source processor design software KQCircuits, the Q-Exa project for quantum acceleration for HPC centres, and the opening of the quantum fabrication facility. With this funding, IQM will have full control over quantum processor development and strengthen its European leadership.<\/p>\n

\"\"<\/a>

IQM_Quantum_Fabrication_Facility_Finland_Photo Business Wire<\/p><\/div>\n

Background information
\nThe European Investment Bank (EIB)<\/strong> is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.<\/p>\n

IQM<\/strong> is the pan-European leader in building quantum computers. IQM provides on-premises quantum computers for supercomputing data centres and research labs and offers full access to its hardware. For industrial customers, IQM delivers a quantum advantage through a unique application-specific, co-design approach.
\nIQM is building Finland\u2019s first commercial 54-qubit quantum computer with VTT, and an IQM-led consortium (Q-Exa) is building a quantum computer in Germany. The computer will be integrated into an HPC supercomputer to create an accelerator for future scientific research. IQM has over 160 employees with offices in Paris, Bilbao, Munich and Espoo.<\/p>\n

(The original press release can be found from here.)<\/a><\/p>\n

Press contacts:
\nEIB – Kristiina Randmaa, Media Consultant
\nk.randmaa@ext.eib.org, tel.: +352 4379 72894
\nWebsite: www.eib.org\/press \u2013 Press Office: +352 4379 21000 \u2013 press@eib.org<\/p>\n

IQM – Raghunath Koduvayur, Head of Marketing and Communications
\nEmail: Raghunath@meetiqm.com
\nMobile: +358 50 4876509
\nWebsite: www.meetiqm.com<\/p>\n","protected":false},"excerpt":{"rendered":"

28\/04\/2022 – The funding will be used to accelerate the development and commercialisation of IQM\u2019s quantum processors – Quantum computing is considered a sector of strategic importance for the European Union with potential to revolutionise many sectors The European Investment Bank (EIB) has granted \u20ac35 million to IQM Quantum Computers to accelerate the development and […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[30],"tags":[],"acf":[],"yoast_head":"\nIQM\u2019s quantum fabrication facility gets a \u20ac35 million boost from the EIB - Salvia GmbH<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/salvia.de\/en\/iqms-quantum-fabrication-facility-gets-a-e35-million-boost-from-the-eib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IQM\u2019s quantum fabrication facility gets a \u20ac35 million boost from the EIB - 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