Israel To Invest More Than $60M To Build First Quantum …
The Israel Innovation Authority (IIA) and the Defense Ministrys Directorate of Research and Development (MAFAT) announced on Tuesday that they will allocate NIS 200 million (about $62.1 million) to build Israels first quantum computer.
Quantum computation ability will lay the technological foundation for an Israeli ecosystem that will lead to future developments in security, economics, technology, engineering, and science, the organizations said.
Quantum computers, unlike classic computers, are based on the properties of quantum physics to store data and perform vast amounts of computations. They can be extremely beneficial for certain tasks where they could considerably outperform even the best supercomputers.
Quantum computing significantly reduces calculation time frame and therefore constitutes a significant leap in computational capabilities, a joint statement from IIA and MAFAT said.
Israels investment in the quantum computer will be directed towards two tracks. In the first track, the Israel Innovation Authority will focus on building and developing a quantum computational infrastructure for running calculations directly or via cloud access, to optimize or improve different elements in quantum computing. The infrastructure will assess existing algorithms and will implement research and development in all layers of software and hardware, but will not include fabless installations. Technology from abroad may be partially used initially, but then the infrastructure will be integrated with Israeli-developed quantum processors and technologies.
The Defense Ministry said MAFAT will establish a national center with quantum capabilities that will be at the center of an Israeli ecosystem that will establish local capabilities. The center will collaborate with academia, industry, and the organizations that make up the National Research and Development Infrastructure (TELEM) to deal with the numerous layers in developing a quantum processor, such as hardware, control, optimization, algorithmics, and interfacing aspects. The goal is to develop a complete quantum computer
Quantum computing, on all levels, is showing signs of being an important future component of the states security and its technological superiority. Starting this process in the framework of the national program constitutes a significant step towards achieving Israeli independence in this area. said Dr. Danny Gold, head of MAFAT.
The investment in quantum computing is added to the investments of tens of millions of shekels that has been carried out so far in the technological development among companies and researchers, as part of the National Quantum Science & Technologies Program, which was launched around two years ago by the TELEM Forum (National Research and Development forum), with a budget of NIS1.25 billion (about $388 million.) This forum is made up of MAFAT, the Israel Innovation Authority, the Planning and Budgeting Committee, the Ministry of Innovation, Science and Technology, and the Finance Ministry. Implementation of this key element constitutes an important milestone in the national program.
The Israel Innovation Authority and the Defense Ministrys Directorate of Research and Development ( will continue to work to position Israel as one of the international leaders in quantum.
Quantum computing is a technology Israeli industry cannot ignore. The industry must develop knowledge and access to infrastructure in which it can develop growth engines for activities in which it will decide to lead, said Dror Bin, Israel Innovation Authority CEO.
In December, NoCamels called quantum computing one of its 7 Tech Trends Where Israel Could Make An Impact In 2022.
Prior to the announcement that Israel would build its first quantum computer, the Israeli government made a strong effort to push Israel forward in this field.
In 2019, the Knesset committed nearly $400 million to a five-year National Quantum Initiative which included $60 million towards the effort of producing a quantum computer at the time. Israels National Quantum Initiative is a joint venture between the Council for Higher Education, the Israel Innovation Authority, the Ministry of Science, the Ministry of Defense and the Ministry of Finance. The organizations confirmed that activity in quantum computing is booming and that there is already there is a 30 to 40 percent increase in academic activity, and a jump from a small number of industries to several dozen industries, both small and large.
The Israel Innovation Authority under itsMAGNET Consortiums project, has created a consortium that includes members from the industry and academia. DubbedThe Quantum Technologies Development Consortium, the group includes companies like Quantum Machines, the creator of complete hardware and software solution for the control and operation of quantum computers, QuantumLeap, a startup specializing in quantum-as-a-service (QaaS) solutions, and Nitromia, a privacy solution that bridges and enables quantum-safe transactions on any platform (on private or public networks) to provide complete privacy for any type of data, among others.
The consortiums research is aimed at gaining improved technologies by cooperation between the researchers, which will boost the industry towards improved quantum sensors, namely, atomic clocks, quantum magnetometers and quantum gravimeters.
In October Physics Today magazinereported that Israel has become a powerhouse in quantum technologies, thanks to a supportive govermment, available capital, and world-class academic institutions, as well as other factors. The publication also reported that there has been a leap from five to 30 quantum-based companies in Israel over the last two years.
Also in December, Hebrew University Physicist, Dr. Shlomi Kotler, won Physics Worlds 2021 Breakthrough of the Year award, presented by the UK-based Institute of Physics to two research teams who advanced the understanding of quantum systems.
His team successfully quantum-mechanically entangles two drumheads that can be used as quantum sensors or nodes in a quantum network.
Physics World editors chose this years winners from nearly 600 published research articles andwrotethe winners demonstrated important work for scientific progress and/or the development of real-world applications.
Itamar Sivan, CEO and co-founder of Quantum Machines toldPhysics Todaythat he has no doubt that quantum computing will become influential and its ultimately a question of When?He also credited his companys success to the easy accessibility to funding for quantum based-firms.
Jon Medved, CEO of Israeli active crowdfunding platform OurCrowd said 2022 will see quatum computing atract continued strong inerest from investors and that global quantum VC investment will more than double from 2021s $1 billion.
In a decade from now, Quantum will be ubiquitous, and will be an order of magnitude larger in investment and revenues, he told NoCamels.
With reporting by Adam Shnider
View post:
Israel To Invest More Than $60M To Build First Quantum ...
- China unveils quantum computer thats one quadrillion times faster than existing supercomputers - Yahoo Finance UK - March 7th, 2025 [March 7th, 2025]
- China unveils quantum computer that could spell new era of processors - The Independent - March 5th, 2025 [March 5th, 2025]
- Startup PsiQuantum says it is making millions of quantum computing chips - Reuters - March 1st, 2025 [March 1st, 2025]
- A quantum computing startup says it is already making millions of light-powered chips - The Conversation - March 1st, 2025 [March 1st, 2025]
- Quantum Breakthrough: Microsoft and Purdue Unlock the Future of Topological Qubits - SciTechDaily - March 1st, 2025 [March 1st, 2025]
- Interested in Quantum Computing Investing? Here Are 4 Fantastic Picks to Maximize Your Odds of Picking a Winner - The Motley Fool - March 1st, 2025 [March 1st, 2025]
- If I Could Only Buy 1 Quantum Computing Stock, This Would Be It - The Motley Fool - March 1st, 2025 [March 1st, 2025]
- Amazon unveils quantum chip, aiming to shave years off development time - Reuters - March 1st, 2025 [March 1st, 2025]
- Quantum Computing Is Finally Here. But What Is It? - Bloomberg - March 1st, 2025 [March 1st, 2025]
- Microsoft makes quantum computing breakthrough - Drexel University The Triangle Online - March 1st, 2025 [March 1st, 2025]
- Google, Microsoft, and now Amazon: The quantum computing race is heating up - Quartz - March 1st, 2025 [March 1st, 2025]
- Groundbreaking qubit technology reduces errors in quantum computing - The Brighter Side of News - March 1st, 2025 [March 1st, 2025]
- Fortanix Tackles Quantum Computing Threats With New Algorithms - Dark Reading - March 1st, 2025 [March 1st, 2025]
- What Investors Need to Know About the Wild World of Quantum Computing - Barron's - March 1st, 2025 [March 1st, 2025]
- Quantum computing will be bigger than AI so why is no one talking about it? - The Hill - March 1st, 2025 [March 1st, 2025]
- It seems like something out of a movie - they successfully achieve the first quantum teleportation in history - Unin Rayo - March 1st, 2025 [March 1st, 2025]
- Amazon joins the quantum computing race with a chip designed for error correction - Engadget - March 1st, 2025 [March 1st, 2025]
- Amazon Unveils Ocelot Quantum Chip. Its the Latest Tech Giant to Move Into the Space. - Barron's - March 1st, 2025 [March 1st, 2025]
- Amazon says its new quantum computing chip will make error correction more efficient - The Verge - March 1st, 2025 [March 1st, 2025]
- Microsoft's Majorana 1 widened the quantum field. But are we any closer to a eureka moment? - Fast Company - March 1st, 2025 [March 1st, 2025]
- Amazon Bets Big on Quantum Computing With Ocelot-Fewer Qubits, Faster Results - Yahoo Finance - March 1st, 2025 [March 1st, 2025]
- A Once-in-a-Lifetime Market Opportunity: Is Alphabet or Microsoft Winning the Quantum Computing Race? - The Motley Fool - March 1st, 2025 [March 1st, 2025]
- Quantum Computing Has Arrived; We Need To Prepare For Its Impact - Forbes - February 25th, 2025 [February 25th, 2025]
- Scientists create world's 1st chip that can protect data in the age of quantum computing attacks - Livescience.com - February 25th, 2025 [February 25th, 2025]
- DARPA Expands Quantum Initiative to Bring Quantum Computing One Step Closer - TipRanks - February 25th, 2025 [February 25th, 2025]
- QuEra and Deloitte Tohmatsu Join to Advance Quantum Innovations in Japan - The Quantum Insider - February 25th, 2025 [February 25th, 2025]
- Quantum innovation balances on commercial tightrope - ComputerWeekly.com - February 25th, 2025 [February 25th, 2025]
- 7 Quantum Computing Stocks That Could Supercharge Your Portfolio - The Motley Fool - February 25th, 2025 [February 25th, 2025]
- What Is Quantum Computing, and Why Does It Matter? - The Wall Street Journal - February 25th, 2025 [February 25th, 2025]
- Microsoft Reports a Win on Quantum Computing. What It Means for the Sector. - Barron's - February 25th, 2025 [February 25th, 2025]
- Microsofts Majorana Topological Chip An Advance 17 Years in The Making - The Quantum Insider - February 25th, 2025 [February 25th, 2025]
- This Chip Could Be the Massive Breakthrough Weve Been Waiting for in Quantum Computing - Popular Mechanics - February 25th, 2025 [February 25th, 2025]
- Northeastern researcher wins NSF award to cut costs and boost efficiency of quantum computing - Northeastern University - February 25th, 2025 [February 25th, 2025]
- A New State of Matter Just Changed the Future of Quantum Computing - SciTechDaily - February 25th, 2025 [February 25th, 2025]
- Microsoft Just Delivered Fantastic Quantum Computing News to Investors. Is the Stock a Buy? - The Motley Fool - February 25th, 2025 [February 25th, 2025]
- Microsoft's quantum computing breakthrough questioned by experts - Fortune - February 25th, 2025 [February 25th, 2025]
- Big Tech Gets Their Qubits in Line: Quantum Computing Adding Another Dimension to Pharma Innovation - geneonline - February 25th, 2025 [February 25th, 2025]
- Quantum Computing in the Palm of Your Hand - Money and Markets - February 25th, 2025 [February 25th, 2025]
- Microsoft overcomes quantum barrier with new particle - ComputerWeekly.com - February 25th, 2025 [February 25th, 2025]
- Quantum Computers Vs Garbage Excavators: The Race For The Lost Bitcoin - Forbes - February 25th, 2025 [February 25th, 2025]
- New Microsoft Quantum Computing Chip Could Revolutionize the Industry - DISCOVER Magazine - February 25th, 2025 [February 25th, 2025]
- ET Graphics: Majorana I, Willow and new frontiers of quantum computing - The Economic Times - February 25th, 2025 [February 25th, 2025]
- Microsoft has unveiled a new quantum computer chip. How does it work and will it transform technology? - ABC News - February 23rd, 2025 [February 23rd, 2025]
- Chinese superconducting quantum computer receives over 20 million global visits - Global Times - February 18th, 2025 [February 18th, 2025]
- A Teleportation Breakthrough for Quantum Computing Is Here - WIRED - February 18th, 2025 [February 18th, 2025]
- A Once-in-a-Lifetime Buying Opportunity: This Quantum Computing Stock Looks Primed to Skyrocket - The Motley Fool - February 18th, 2025 [February 18th, 2025]
- What's Going On With D-Wave Quantum Stock Today? - Benzinga - February 18th, 2025 [February 18th, 2025]
- Prediction: These 2 Quantum Computing Stocks Will Be the Biggest AI Winners of 2025 - The Motley Fool - February 18th, 2025 [February 18th, 2025]
- Cleveland Clinic, Miami University partner on quantum computing education - ideastream - February 18th, 2025 [February 18th, 2025]
- Will D-Wave Lead the Charge in Commercial Quantum Computing? - PUNE.NEWS - February 18th, 2025 [February 18th, 2025]
- Google (GOOGL) Races Ahead in Quantum Computing, Partnering with Promising Startups - TipRanks - February 18th, 2025 [February 18th, 2025]
- Telefnica and Biscay Partner to Advance Quantum Innovation with Fujitsu Digital Annealer - The Quantum Insider - February 18th, 2025 [February 18th, 2025]
- 1 Quantum Computing Stock That Could Be the Biggest AI Buy of 2025 - The Motley Fool - February 18th, 2025 [February 18th, 2025]
- D-Wave and Staque Introduce Quantum-Powered Optimization for Autonomous Agricultural Vehicles - The Quantum Insider - February 18th, 2025 [February 18th, 2025]
- 3 Stocks That Could Derail the AI Hype Train - Schaeffers Research - February 18th, 2025 [February 18th, 2025]
- IonQ: Competitive Wake-Up Call For Quantum Dreams (NYSE:IONQ) - Seeking Alpha - February 18th, 2025 [February 18th, 2025]
- Quantum computing, cyber security, quality food; Efforts to create centers of excellence will translate to jobs - MassLive.com - February 18th, 2025 [February 18th, 2025]
- Chinas Quantum Strategy and The Threat of Global Data-Centric Authoritarianism - The Quantum Insider - February 18th, 2025 [February 18th, 2025]
- Quantum Computing Breakthrough Brings Us Closer to Universal Simulation - mitechnews.com - February 18th, 2025 [February 18th, 2025]
- Unlocking the Future: Top Quantum Computing Stocks to Watch - La Noticia Digital - February 18th, 2025 [February 18th, 2025]
- IonQ Aims to Meet Big Targets Amid Soaring Investor Expectations - TipRanks - February 18th, 2025 [February 18th, 2025]
- Quantum computers have finally arrived, but will they ever be useful? - New Scientist - February 14th, 2025 [February 14th, 2025]
- Global visits to Chinas Origin Wukong quantum computer surpass 20m; majority of intl access from US - Global Times - February 14th, 2025 [February 14th, 2025]
- D-Wave Quantum Computer Used in Simulating Potential Universe Decay - HPCwire - February 14th, 2025 [February 14th, 2025]
- UN Year of Quantum Spurs Global Tech Giants Into Action - Technology Magazine - February 14th, 2025 [February 14th, 2025]
- Oxford University Team Makes Connections to Build a Quantum Supercomputer - The Quantum Insider - February 14th, 2025 [February 14th, 2025]
- The Answer to Whats Next in Computing - Brownstone Research - February 14th, 2025 [February 14th, 2025]
- $1 billion Capital of Quantum intiative to establish UMD, Maryland as quantum hub - The Diamondback - February 14th, 2025 [February 14th, 2025]
- Scientists Simulated a Quantum Apocalypse. Then the Universe Disappeared. - Popular Mechanics - February 14th, 2025 [February 14th, 2025]
- Nvidias Quantum Leap: Are We On the Brink of a Computing Revolution? - MotoPaddock - February 14th, 2025 [February 14th, 2025]
- Quantum to take center stage at OFC 2025 - LightWave Online - February 14th, 2025 [February 14th, 2025]
- D-Wave Announces On-Premises Systems Offering to Push Boundaries of Quantum-Fueled Research and Advance Quantum + AI Development - Business Wire - February 14th, 2025 [February 14th, 2025]
- Scientists Just Linked Two Quantum Computers With "Quantum Teleportation" for the First Time and It Changes Everything - ZME Science - February 14th, 2025 [February 14th, 2025]
- Rigetti Stock Gets a Massive 76% Price Target Boost - Wall Street Pit - February 14th, 2025 [February 14th, 2025]
- How Google CEO Sundar Pichai may have just agreed with Nvidia CEO Jensen Huang's sentence that wiped bill - The Times of India - February 14th, 2025 [February 14th, 2025]
- Revolutionary 5,000-Qubit Quantum Computer Now Available for Private Installation, German Research Giant First to Buy - StockTitan - February 14th, 2025 [February 14th, 2025]
- Quantum Leap: Oxfords Breakthrough Paves the Way for the Quantum Internet - Mi Valle - February 14th, 2025 [February 14th, 2025]
- Unveiling the Next Big Leap: Could Rigetti Be Your Best Quantum Investment Yet? - Mi Valle - February 14th, 2025 [February 14th, 2025]
- Will 2025 mark the beginning of practically useful quantum computers? - Observer Research Foundation - February 14th, 2025 [February 14th, 2025]
- D-Wave Announces On-Premises Advantage Quantum Systems for AI and HPC - HPCwire - February 14th, 2025 [February 14th, 2025]