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Quantum Transistors gets $19M award to enable quantum computing on a chip
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Quantum Transistors, a developer of advanced quantum processors, has been awarded up to $19 million (€17.5 million) by the European Innovation Council (EIC). Tel Aviv, Israel-based Quantum Transistors received an initial grant from the EIC Accelerator of $2.7 million combined with […]
As a result, the chips can be an exceptionally powerful tool for solving complex problems in areas as diverse as cryptography, cybersecurity, and drug discovery, as well as investments, weather modeling and aeronautics. Current approaches using photons, semiconductors, and atoms all face similar challenges: they require massive, energy-intensive infrastructure and are limited in the number of qubits they can deliver, making them exceptionally expensive and restrictive. Established under the EU Horizon Europe programme, the EIC has a $10.96 billion budget to support innovations from early-stage research to scaling.
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