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Quantum technology will revolutionise many industrial sectors, and will already begin spawning new, nationally significant business and research opportunities over the next few years. Advancements in quantum technology and, in particular, the technological leap afforded by quantum computers aka the quantum leap will enable unprecedented computing power and the ability to solve problems that are impossible for todays supercomputers.

Building this quantum computer will provide Finland with an exceptional level of capabilities in both research and technology, and will safeguard Finlands position at the forefront of new technology. The goal is to create a unique ecosystem for the development and application of quantum technology in Finland, in collaboration with companies and universities. VTT hopes to partner with progressive Finnish companies from a variety of sectors during the various phases of implementation and application.

The development and construction of Finlands quantum computer will be carried out as an innovation partnership that VTT will be opening up for international tender. The project will run for several years and its total cost is estimated at about EUR 2025 million.

The project will progress in stages. The first phase will last for about a year and aims to get a minimum five-qubit quantum computer in working order. However, the ultimate goal is a considerably more powerful machine with a larger number of qubits.

In the future, well encounter challenges that cannot be met using current methods. Quantum computing will play an important role in solving these kinds of problems. For example, the quantum computers of the future will be able to accurately model viruses and pharmaceuticals, or design new materials in a way that is impossible with traditional methods, says Antti Vasara, CEO of VTT.

Through this project, VTT is seeking to be a world leader in quantum technology and its application.

The pandemic has shocked not only Finlands economy but also the entire world economy, and it will take us some time to recover from the consequences. To safeguard economic recovery and future competitiveness, its now even more important than ever to make investments in innovation and future technologies that will create demand for Finnish companies products and services, says Vasara.

VTT has lengthy experience and top expertise in both quantum technology research and related fields of science and technology, such as superconductive circuits and cryogenics, microelectronics and photonics. In Otaniemi, VTT and Aalto University jointly run Micronova, a world-class research infrastructure that enables experimental research and development in quantum technologies. This infrastructure will be further developed to meet the requirements of quantum technologies. Micronovas cleanrooms are already equipped to manufacture components and products based on quantum technologies.

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VTT to acquire Finland's first quantum computer seeking to bolster Finland's and Europe's competitiveness - Quantaneo, the Quantum Computing Source

DUBLIN--(BUSINESS WIRE)--The "2020 Innovations in Cell Rejuvenation, COVID-19 Diagnostic Kits and Vaccines, Biobased Plastics, Renewable Energy, and Quantum Computing" report has been added to ResearchAndMarkets.com's offering.

This edition of the Inside R&D Technology Opportunity Engine (TOE) features trends and innovations based on the development of lead vaccines and diagnostic test kits to combat the COVID-19 pandemic outbreak. The TOE also provides intelligence on the use of novel innovations that help in developing numerous antibodies for the COVID-19 virus. The TOE also features innovations in developing anti-aging cells and the use of artificial intelligence and digital platforms for pandemic contact tracking.

The TOE additionally provides insights on using modular thermal energy storage devices and combined heat and power solutions to enhance the positive impact on the environment. Furthermore, the TOE covers enhancing capabilities of robots, efficient hydrogen production, and the use of composites in marine, oil & gas industries. It also focuses on innovations related to the use of carbon-silicon composites, biodegradable insulation material, and cellulose-based polyamides.

Key Topics Covered

For more information about this report visit https://www.researchandmarkets.com/r/v1gekk

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2020 Innovations in Cell Rejuvenation, COVID-19 Diagnostic Kits & Vaccines, Biobased Plastics, Renewable Energy, and Quantum Computing -...

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Moreover, the Topological Quantum Computing report offers a detailed analysis of the competitive landscape in terms of regions and the major service providers are also highlighted along with attributes of the market overview, business strategies, financials, developments pertaining as well as the product portfolio of the Topological Quantum Computing market. Likewise, this report comprises significant data about market segmentation on the basis of type, application, and regional landscape. The Topological Quantum Computing market report also provides a brief analysis of the market opportunities and challenges faced by the leading service provides. This report is specially designed to know accurate market insights and market status.

By Regions:

* North America (The US, Canada, and Mexico)

* Europe (Germany, France, the UK, and Rest of the World)

* Asia Pacific (China, Japan, India, and Rest of Asia Pacific)

* Latin America (Brazil and Rest of Latin America.)

* Middle East & Africa (Saudi Arabia, the UAE, , South Africa, and Rest of Middle East & Africa)

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Table of Content

1 Introduction of Topological Quantum Computing Market

1.1 Overview of the Market1.2 Scope of Report1.3 Assumptions

2 Executive Summary

3 Research Methodology

3.1 Data Mining3.2 Validation3.3 Primary Interviews3.4 List of Data Sources

4 Topological Quantum Computing Market Outlook

4.1 Overview4.2 Market Dynamics4.2.1 Drivers4.2.2 Restraints4.2.3 Opportunities4.3 Porters Five Force Model4.4 Value Chain Analysis

5 Topological Quantum Computing Market, By Deployment Model

5.1 Overview

6 Topological Quantum Computing Market, By Solution

6.1 Overview

7 Topological Quantum Computing Market, By Vertical

7.1 Overview

8 Topological Quantum Computing Market, By Geography

8.1 Overview8.2 North America8.2.1 U.S.8.2.2 Canada8.2.3 Mexico8.3 Europe8.3.1 Germany8.3.2 U.K.8.3.3 France8.3.4 Rest of Europe8.4 Asia Pacific8.4.1 China8.4.2 Japan8.4.3 India8.4.4 Rest of Asia Pacific8.5 Rest of the World8.5.1 Latin America8.5.2 Middle East

9 Topological Quantum Computing Market Competitive Landscape

9.1 Overview9.2 Company Market Ranking9.3 Key Development Strategies

10 Company Profiles

10.1.1 Overview10.1.2 Financial Performance10.1.3 Product Outlook10.1.4 Key Developments

11 Appendix

11.1 Related Research

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Topological Quantum Computing Market Growth by Top Companies, Trends by Types and Application, Forecast to 2026 - Cole of Duty

The recent study on Quantum Computing Market Share | Industry Segment by Applications (Defense, Healthcare & pharmaceuticals, Chemicals, Banking & finance and Energy & power), by Type (Hardware, Software and Services), Regional Outlook, Market Demand, Latest Trends, Quantum Computing Industry Growth & Revenue by Manufacturers, Company Profiles, Growth Forecasts 2026. Analyzes current market size and upcoming 5 years growth of this industry.

The Global Quantum Computing Market gives us an in-depth overview of the research trends for the Financial Year 2020. This Report studies the Quantum Computing industry on various parameters such as the raw materials, cost, and technology and consumer preference. It also provides with important Quantum Computing market credentials such as the history, various expansions and trends, trade overview, regional markets, trade and also market competitors.

Trade analysis of the market is also the key aspects of the report as it provides information on the import and export of the product across the globe. Analysis tools like SWOT analysis and Porters five force model have been provided to present a perfect in-depth knowledge about Quantum Computing market. The industry is also been analyzed in terms of value chain analysis and analysis of regulatory policies.

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The major market players operating in the industry are:

The study also illustrates the competitive landscape of foremost manufacturers in the industry with their diverse portfolio and geographical expansion activities. The Quantum Computing market also includes participants financial overview which consists of an assessment of revenue outcomes, sales volume, gross margin, cash flow, capital investment, and growth rate which will allow clients to gain intact knowledge of participants financial strengths and position in the global Quantum Computing industry.

By the product type, the market primarily split into:

By the product Applications, the market primarily split into:

Scope and Segmentation of The Report:

Our expert analyst has categorized the market into product type, application/end-user, and geography. All the segments are analyzed based on their market share, growth rate, and growth potential. The growth potential, market share, size, and prospects of each segment and sub-segment are portrayed in the report. This thorough evaluation of the segments would help the players to focus on revenue-generating areas of the global Quantum Computing market.

Highpoints of Quantum Computing Industry:

The study objectives are:

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Quantum Computing Market with Future Prospects, Key Player SWOT Analysis and Fo - News by aeresearch

British Columbias innovation commissioner has released his final report on how the provincial government can help BC tech, and support innovation across all of the provinces sectors.

Alan Winter, who is the provinces first innovation commissioner, completed his two-year term with the Government of British Columbia on February 4. This report is his final one to Michelle Mungall, minister of jobs, economic development, and competitiveness, on his observations on the innovation sector in the province. Winter made five recommendations to the government.

Winter acknowledged that BCs federal funding has not been leveraged in a significant way.

My recommendations are focused on helping to grow BC companies and are intended to be affordable, actionable in the short term, and reflect the advice I have heard repeatedly, Winter said.

The first recommendation is to fund the establishment and operation of innovation precincts across the province. He refers to precincts as physical places, predominantly centrally located within a community that help foster cross-sectoral innovation and organically grow talent and commercial development. Winter used MaRS Discovery District in Toronto as an example of an innovation precinct.

While there is currently no precinct on the scale of MaRS here, there could be, Winter said in his report, adding that an innovation precinct could be established at St. Pauls hospital campus which would be focused on health research and development.

Notably, Winter acknowledged that BCs federal funding, from sources such as the federal Strategic Investment Fund, has not been leveraged in a significant way, and that the province has made limited investments in innovation precincts.

RELATED: British Columbias 2020 budget lacks new spending for tech and innovation

Last year, the BC Tech Association was unable to secure provincial or federal funding to enable the Cube, an augmented reality and virtual reality community hub, to remain open.

Other leading members of BCs tech sector have also expressed concern over the lack of innovation hubs in the province. One entrepreneur and CEO BetaKit spoke with on background expressed frustration with the provinces lack of support for local hubs, accelerators, and incubators.

Weve been forced to be entrepreneurial, the person told BetaKit. Weve never had a lot of government support. I think there are going to be some serious problems down the road if people dont address it.

As government support has dwindled for some local innovation hubs, the province has touted the influx of large tech companies to BC, such as Shopify and Amazon opening large offices in the city.

Winters second recommendation is to support the development of emerging technology clusters, which would differ from precincts as they would be geographically connected groups working together in a particular field.

Winter also recommended the province support the development of emerging technology clusters.

Winter highlighted that BC could develop clusters in quantum computing, artificial intelligence, genomics, or augmented and virtual reality. The province is already establishing partnerships within some of these verticals, such as a proposed innovation corridor between Surrey and Vancouver focused on quantum computing.

Vancouver is among the ecosystems to watch for artificial intelligence development, according to last years Startup Genome report. BC is also home to startups like D-Wave and 1QBit, focused on advancing quantum computing research, and startups like Form and Archiact, which are bringing AR and VR products to market.

The province of BC should work with the federal government to catalyze, align, and co-fund key provincial cluster priority areas which would leverage dollars available from several sources such as the federal Strategic Investment Fund, Winter said.

Winters third recommendation is to use the CleanBC Plan as an economic driver. The plan, announced in 2018, is aimed at reducing climate pollution, while creating jobs and economic opportunities. Last year, Startup Genome listed Vancouver as an ecosystem to watch for cleantech, referencing companies like Terramera and Carbon Engineering as companies that have experienced notable growth.

The provinces CleanBC plan sets out a good climate vision and brand but the opportunity exists to use the strategy to drive further economic growth in BC, Winter said, recommending the provincial government incentivize companies to seek out BC solutions when working to meet its climate targets and regulations.

Winters fourth recommendation is to encourage the creation of and protect intellectual property (IP). Winter noted that some of the provinces main challenges in this area include IP leakage, a poor incentive structure, the cost of patents, and relatively low levels of business investment in research and development.

RELATED: SFU gets $17 million from BC government to establish quantum research institute

The outgoing innovation commissioner recommended the government provide matching funding to BC-based small and medium enterprises to assist them in seeking patent protection. He said this, along with tax incentives for income related to the sale of patented products, could encourage companies to increase IP activity within the province.

Winters final recommendation is to invest in leadership talent development strategies. He said although BC has a highly skilled and talented workforce, the province lacks experienced leaders who can scale and grow companies.

As a result, BC firms are at higher risk of acquisition by larger companies based in other jurisdictions, he said. Government should [develop] mentorship and leadership skills across the province, incorporating them as a key component of precincts, and as a means to supporting local companies growth.

Image source BC Tech Association.

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Outgoing innovation commissioner says British Columbia needs to create innovation hubs - BetaKit