Finland’s VTT Technical Research Centre has formed a strategic collaboration with tech startup IQM Group to build the country’s first quantum computer.
The VTT-IQM co-innovation partnership aims to deliver a 50-qubit machine by 2024, drawing on international quantum technology expertise to augment Finland’s home-grown quantum capabilities.
The partnership combines VTT’s expertise in supercomputing and networking systems with IQM’s capacity to deliver a hardware stack for a quantum computer while working with VTT to integrate critical technologies.
The financing element of the project saw IQM launch a new series A funding round in November. The Helsinki-headquartered company raised €39m in new capital in the funding round, bringing to €71m the total amount raised by IQM for quantum computing-related research and development...