Germany to Create Its First Quantum Computing Business Cloud

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Nov 10, 2022, 07:35 ET

The German government is investing tens of millions in a consortium to help businesses benefit from the latest supercomputer technology.

BERLIN, Nov. 10, 2022 /PRNewswire/ -- (GTAI) – Germany's Ministry of Economic Affairs and Climate Action (BMWK) has contracted software company QMWare and cloud specialist IONOS, together with the University of Stuttgart and the Fraunhofer FOKUS research institute, to construct a platform for quantum computing applications for German industry. The cloud will be the first of its kind in the country.

The project, called SeQenC, will run for three years and is part of the ministry's "Digital Technologies for Business" support program. The ministry will be investing tens of millions of euros, although no exact figure was named.

During the project's three-year span, selected partner companies from industry and the wider economy will be invited to test out applications in sectors such as telecommunications, logistics, finance, automotive and energy.

The project is the latest in a series of quantum computing initiating to come from the BMWK. In late September, the ministry announced that it would put EUR 14 million into a quantum processer prototype developed on the basis of photonic systems. The BMWK has pledged to invest EUR 740 million in quantum computing as a whole.

"The German government's investment indicate how serious it is about quantum computing in Germany," says Asha-Maria Sharma, computing industry expert at the German government agency Germany Trade & Invest. "Such initiatives not only create superior conditions for businesses active in Germany. They also show that niches are arising for international quantum computing businesses to come to Europe's largest economy and profit from this exciting transformation."

Germany Trade & Invest (GTAI) is the economic promotion agency of the Federal Republic of Germany. GTAI supports German companies setting up in foreign markets, promotes Germany as a business location and assists foreign companies setting up shop in Germany.

Contact:

Jefferson Chase
Senior Manager, Communications
Germany Trade & Invest
Friedrichstraße 60
10117 Berlin
+49 30200099170
[email protected]

SOURCE Germany Trade & Invest