UK Federal Government Puts ₤ 45 Million Towards Quantum Computing

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Quantum computing is the focus of a ₤ 45 million ($57 million) investment by the U.K. government revealed on Feb. 5. The cash approaches discovering useful uses for quantum computing and producing a “quantum-enabled economy” by 2033.

Federal government financial investment goes to models and service accelerator

Of the total financial investment, ₤ 30 million ($38 million) is committed to establishing and providing unique, innovative quantum computer systems. Some of this money goes to producing controlled environments in which engineers and scientists can experiment. The remaining ₤ 15 million ($19 million) of the financial investment goes to the Quantum Catalyst Fund, which is awarded to public sector organisations with quantum computing projects meant to fix useful issues like enhancing public energy use.

In essence, the companies selected for National Quantum Computing Centre funding will work on establishing quantum hardware itself. Meanwhile, the Quantum Catalyst Fund supports feasibility research studies for how quantum technology can be used to improve civil services.

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Winners named in the Quantum Computing Testbeds competition

The National Quantum Computing Centre announced that seven companies have progressed to the next round of competitors in their advancement of quantum computing hardware prototypes:

  • ORCA Computing.
  • Oxford Ionics.
  • Cold Quanta UK.
  • QuEra UK.
  • Rigetti.
  • Aegiq.
  • Quantum Motion.

These organisations are trying various types of quantum computing platforms– among them trapped-ion, superconducting, photonics and neutral atoms– to see which is most efficient for particular kinds of issues. Each business studies various ways to work with qubits, the standard unit of details in quantum computing.

Next, the 7 picked companies will have access to a NQCC facility to deploy their platforms. Results are expected in March 2025.

The Quantum Driver Fund aims to fix public sector issues

The Quantum Catalyst Fund is handled by Innovate UK (a division of the U.K. federal government’s research study and innovation public sector body, UKRI) and the Department for Science, Innovation and Technology.

The business that got cash from the Quantum Catalyst Fund are:

  • Quantinuum (chemistry simulations).
  • MoniRail (railway navigation).
  • Cerca Magnetics (brain imaging for conditions like epilepsy, concussion and dementia).
  • Delta g (gravity cartography).
  • Q-CTRL UK (quantum optimised train schedules).
  • Phasecraft (enhanced energy use in the public grid).

These 6 companies were chosen after a three-month very first phase of the competition. In stage 2, they will establish models and show what their jobs do.

“We are supplying our world-leading services and organizations the resources and tools required to construct a strong foundation in quantum computing with the prospective to scale their activities for long-term competitive benefit,” said Kedar Pandya, executive director of cross-council programs at UKRI, in the press release. “This investment will help our researchers and innovators develop the plan for quantum computing hardware and software and protect the UK’s place in this establishing field.”

SEE: Quantum computing might be a $6B organization for Australia, piggybacking off of U.S. financial investment. (TechRepublic)

Searching for practical uses for quantum computing

On top of the ₤ 45 million financial investment in February, the U.K. devoted ₤ 2.5 billion ($3.1 billion) in March 2023 in support of the National Quantum Strategy. This method aims to develop quantum technologies over 10 years, starting in 2024.

Quantum innovations are one of the government’s 5 crucial innovations determined in the U.K. Science and Innovation Structure as innovations with the prospective to resolve social obstacles, develop well-paid jobs and improve the economy.

“Quantum innovations have the potential to meet some of the greatest difficulties society deals with,” said Will Drury, executive director of digital and technologies at Innovate UK, in journalism release. “By letting loose computing power that goes far beyond existing digital innovation, we can reach new frontiers in noticing, timing, imaging, and communications.”

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