Germany to Direct €2B to Quantum Computing Development and Innovation
Germany announced plans to support quantum computing R&D. This support comes with €2B in funding from the economy and science ministries.
The funding will support the development of both Germany’s first quantum computer and related technologies. The science ministry will spend €1.1B by 2025 to support R&D while the economy ministry will spend €878M to back practical applications.
Germany’s Aerospace Center (DLR) will receive the bulk of the subsidies – about 740 million euros – to team up with industrial companies, medium-sized enterprises and start-ups to forge two consortia, the economy ministry said.
Quantum computing has incredible potential for solving problems and revolutionizing key industries. From better supply and demand management in energy sectors to improved traffic control and faster testing of new active substances, the rapid computational power would propel us into the next technological era.
Science Minister Anja Karliczek said the government’s goal was to meet the target of building a competitive quantum computer in Germany in five years, and to create a network of companies in the field to develop cutting-edge applications.
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