Prometheus Building the first 1,000-qubit quantum computer to restore Europe’s lead in the second quantum revolution

Summary

IQM is a spin-out from Aalto University’s Quantum Computing and Devices (QCD) group and the Finnish State Research
Centre (VTT). We were established to commercialise superconducting qubit and quantum information processing
technologies. We have assembled the largest (25+) quantum hardware team among private European quantum computing
companies. We are well positioned to develop the first commercial 1,000-qubit quantum computer: Prometheus.
Prometheus will be the most advanced quantum computer in the world: 1,000 qubits represent the order of magnitude
required to run commercially-viable quantum algorithms as well as the number needed to implement a few error-corrected
logical qubits, assuming the current error rates (~0.1%) of physical qubits. This ambitious project is made possible by IQM’s
key quantum processor innovations: 1) faster qubit reset with patented quantum-circuit refrigerator technology, 2) faster
qubit readout with patent-pending multi-channel qubit measurement scheme, 3) faster logic gates with high-anharmonicity
qubit design, and 4) novel micro-fabricated components (microwave amplifiers, low-temperature electronics, cabling and
connectors).
In the short-term (3 years), we will deliver 5- to 20-qubit devices to supercomputing centres, so they can experiment with
noisy intermediate-scale quantum (NISQ) algorithms. We already have seen interest from organizations like CSC Finland,
LRZ Munich and A*STAR IHPC. In the mid-term (5 years), we will deliver the first 1,000-qubit device expected to achieve
superior performance to solve concrete industrial problems. We already have interest from large industrial customers such
as Airbus, Volkswagen and Covestro to use our quantum computers to tackle problem such as traffic flow optimization and
battery chemical structure simulation.
We are ideally positioned to lead the second quantum revolution in Europe and become a European unicorn.

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Web resources:	https://cordis.europa.eu/project/id/959521
Start date:	01-08-2020
End date:	31-10-2022
Total budget - Public funding:	3 567 500,00 Euro - 2 497 250,00 Euro

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Original description

IQM is a spin-out from Aalto University’s Quantum Computing and Devices (QCD) group and the Finnish State Research Centre (VTT). We were established to commercialise superconducting qubit and quantum information processing technologies. We have assembled the largest (25+) quantum hardware team among private European quantum computing companies. We are well positioned to develop the first commercial 1,000-qubit quantum computer: Prometheus.
Prometheus will be the most advanced quantum computer in the world: 1,000 qubits represent the order of magnitude required to run commercially-viable quantum algorithms as well as the number needed to implement a few error-corrected logical qubits, assuming the current error rates (~0.1%) of physical qubits. This ambitious project is made possible by IQM’s key quantum processor innovations: 1) faster qubit reset with patented quantum-circuit refrigerator technology, 2) faster qubit readout with patent-pending multi-channel qubit measurement scheme, 3) faster logic gates with high-anharmonicity qubit design, and 4) novel micro-fabricated components (microwave amplifiers, low-temperature electronics, cabling and
connectors).
In the short-term (3 years), we will deliver 5- to 20-qubit devices to supercomputing centres, so they can experiment with noisy intermediate-scale quantum (NISQ) algorithms. We already have seen interest from organizations like CSC Finland, LRZ Munich and A*STAR IHPC. In the mid-term (5 years), we will deliver the first 1,000-qubit device expected to achieve superior performance to solve concrete industrial problems. We already have interest from large industrial customers such as Airbus, Volkswagen and Covestro to use our quantum computers to tackle problem such as traffic flow optimization and battery chemical structure simulation.
We are ideally positioned to lead the second quantum revolution in Europe and become a European unicorn.