SINGULARITY | SINGULARITY: The first quantum software toolbox for finance

Summary
Quantum computers are reaching a scale where they can start delivering value. The quantum software market is estimated to grow at a CAGR of 42% over the next five years to reach €1.42 billion by 2027. McKinsey highlighted finance as the earliest high-impact application of quantum computing. We have been pioneers in this space. We authored one of the seminal papers in the field. Then we developed a quantum software toolkit for finance, and results from beta testing with leading financial institutions brought us to the limelight. Now, thought leaders like McKinsey, The Economist, BCG, and Forbes point at Multiverse as a leading firm in quantum finance. Quantum computing is a strategic technology for Europe. Anglo-Saxon firms dominate both quantum and finance. Yet, Multiverse is leading this race. However, we must act decisively to keep this position. With the EIC support, we will keep the lead and materialise the promise of quantum for financial applications.
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More information & hyperlinks
Web resources: https://cordis.europa.eu/project/id/190145380
Start date: 01-09-2022
End date: 31-08-2024
Total budget - Public funding: 3 571 428,75 Euro - 2 500 000,00 Euro
Cordis data

Original description

Quantum computers are reaching a scale where they can start delivering value. The quantum software market is estimated to grow at a CAGR of 42% over the next five years to reach €1.42 billion by 2027. McKinsey highlighted finance as the earliest high-impact application of quantum computing. We have been pioneers in this space. We authored one of the seminal papers in the field. Then we developed a quantum software toolkit for finance, and results from beta testing with leading financial institutions brought us to the limelight. Now, thought leaders like McKinsey, The Economist, BCG, and Forbes point at Multiverse as a leading firm in quantum finance. Quantum computing is a strategic technology for Europe. Anglo-Saxon firms dominate both quantum and finance. Yet, Multiverse is leading this race. However, we must act decisively to keep this position. With the EIC support, we will keep the lead and materialise the promise of quantum for financial applications.

Status

SIGNED

Call topic

HORIZON-EIC-2021-ACCELERATOROPEN-01

Update Date

09-02-2023
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Horizon Europe
HORIZON.3 Innovative Europe
HORIZON.3.1 The European Innovation Council (EIC)
HORIZON.3.1.2 The Accelerator
HORIZON-EIC-2021-ACCELERATOROPEN-01 EIC Accelerator Open 2021