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IEEE Engineering Management Review

Quantum Computing Entrepreneurship and IEEE TEMS

Rafael Sotelo

Published Jul 20, 2021• 11 citations
Publisher

Abstract

Quantum computing is experiencing an inflection point. This technology is likely to facilitate great advances in many fields including logistics, chemistry simulation, or even risk analysis. It is attractive for large hardware and software companies in addition to start-up entrepreneurial enterprises. In this article, we summarize interesting insights into this field related to possibilities related to quantum computing and entrepreneurship.

DOI
10.1109/emr.2021.3098260

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Quantum computing is experiencing an inflection point. This technology is likely to facilitate great advances in many fields including logistics, chemistry simulation, or even risk analysis. It is attractive for large hardware and software companies in addition to start-up entrepreneurial enterprises. In this article, we summarize interesting insights into this field related to possibilities related to quantum computing and entrepreneurship.
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Quantum computing represents a revolutionary leap in computational capability, promising exponential speedups for certain classes of problems. While its technical aspects have been widely studied, its impact on entrepreneurship and business innovation is still emerging as a critical research area. This paper explores how quantum technologies enable new entrepreneurial ventures, disrupt existing business models, and pose ethical challenges. We synthesize current research from quantum information science, innovation theory, and business strategy to present a comprehensive overview. The paper identifies key opportunities for startups, analyzes the transformative effects across sectors, and discusses socio-ethical considerations, providing direction for future research and policy.
This article is part of a series exploring the unique characteristics and challenges of managing technology teams in emerging fields, with a particular focus on quantum computing [1-5]. The series delves into the experiences of entrepreneurs, researchers, and organizations at the forefront of the quantum revolution, offering insights into team management, innovation, and ecosystem development. Canada's vibrant quantum computing ecosystem is undergoing rapid expansion driven by a combination of government support, world-class academic institutions, and a thriving entrepreneurial community. The 5th Workshop on Quantum Computing Entrepreneurship, held during IEEE Quantum Week 2024, was organized by volunteers from the IEEE Technology & Engineering Management Society (TEMS), IEEE Entrepreneurship, and the Institut quantique. This workshop explored the key pillars of Canada's quantum ecosystem, showcasing the experiences of those driving the quantum revolution. These pillars encompass national and regional organizations that foster ecosystem growth, quantum accelerators that facilitate technology transfer from academia to industry, and the startups driving commercialization. Beyond offering valuable insights into the Canadian quantum ecosystem, this article also highlights fundamental components essential to any quantum ecosystem, given the current maturity of the technology. Readers involved in policy, entrepreneurship, or technology management can apply these lessons to foster quantum ecosystems in their own regions or organizations.