Abstract Product development Given the recent breakthroughs in quantum technology development in R& D labs all over the world, the perspective of high-tech companies has changed. Product development is initiated next to the existing research and technology development activities. Quantum computer product roadmap Considering the quantum computer as a product requires standardization and integration of all its building blocks and a mature supply chain that can provide high-quality components and can ensure security of supply. The product development approach puts focus on functionality and performance requirements of the product and uses state-of-the-art technology to build the product. Based on the expected requirements of future products it is possible to outline a product development roadmap. It is expected that a fully functional quantum computer will be available within a decade from now, and will be used by the High Performance Computing (HPC) market, where it will replace (part of) the supercomputers that are currently used for complex calculations and data management. In the short term, a partly functional quantum computer will be available and of interest to the R&D market, which has a need for such a product to expedite their quantum technology developments. ImpaQT project In this paper, we present the product development approach and roadmap for quantum computers, based on superconducting circuits as an example. A group of companies in the Dutch quantum ecosystem ( Quantum Delta ) have joined forces and have started the ImpaQT project. The companies of the ImpaQT consortium form a local supply chain for key components of quantum computers. This paper shows that quantum community has reached the next level of maturity and that the quantum computer as a commercial product looks set to become a reality.
As the first applications leap out of research laboratories toward commercialization, the global race for dominance in the maturing field of quantum technologies is becoming ever fiercer. To retain its historical lead and kick-start a continent-wide quantum-driven industry and accelerate market take-up, Europe has launched the Quantum Flagship, an ambitious €1 billion, 10 year endeavor. This article provides an overview of the underlying considerations and the current state of the initiative. Furthermore, it briefly presents the 20 projects selected to be at the core of the ramp-up phase of the initiative, which will address core applications of quantum technologies such as communications, computing, simulation, as well as sensing and metrology, all of which are supported by basic science. Finally, we present the broader ecosystem of European funding instruments and institutions which aim to create the next generation of disruptive technologies within quantum sciences, placing Europe as a worldwide knowledge-based industrial and technological leader in this innovative field.
Abstract This chapter explores the ongoing substantial financial investments required for developing and commercializing quantum computing technology. Given the field’s high uncertainty and long-term potential, investments are crucial for advancing breakthroughs in cryptography, materials science, and complex system simulations. The chapter examines the rise of quantum computing funding from the private equity and venture capital standpoints, highlighting key players like IBM and Google and emerging firms such as Rigetti and IonQ. It provides a detailed analysis of private funding trends, valuations, and geographic distribution, underscoring the sector’s growth despite market volatility and regional concentration challenges. It also focuses on the discrepancies in funding allocation and performance among startups and the significant role of established companies like Microsoft, Google, and IBM in shaping the industry. Looking ahead, the chapter emphasizes the need for innovative financial models to assess investment returns, considering the nascent nature of quantum technology and the scarcity of financial data from private firms.