Embracing the Quantum Economy 2024

4.3.3 Examples of investment in quantum research Various industries and public institutions have made significant investments in quantum research, showcasing the potential and impact of strategic investments in this field. The technology sector, healthcare industry and government initiatives highlight how these investments drive innovation and development. Strategic investments in quantum technologies, whether through venture capital, acquisitions or internal funding, are essential for businesses aiming to capitalize on quantum advancements. By understanding the pathways to investment and considering strategic factors, companies can accelerate the development and commercialization of quantum technologies. This approach not only positions businesses at the forefront of the quantum revolution but also ensures they are well-prepared to harness the transformative potential of quantum computing, quantum sensing, and quantum communication and security.Examples of public- and private-sector investments in quantum research TABLE 7 Consideration Description Examples Technology sector Major tech companies such as IBM, Google and Microsoft invest heavily in quantum computing research.65Use case: IBM’s development of Heron, a scalable quantum processor, and couplers to link Herons together to solve complex computational problems. Healthcare Pharma companies explore quantum computing for drug discoveries through internal R&D and collaborations.66Use case: Biogen’s collaboration with 1QBit to develop quantum algorithms for drug design. Quantum centres Governments establish quantum research centres, such as the quantum centre in Barcelona, to drive innovation.67 Impact: The Barcelona centre fosters collaboration, leading to breakthroughs in quantum communication technologies. National initiatives Countries such as the US and China as well as many European countries launch national and regional quantum initiatives with significant funding.Impact: The US National Quantum Initiative Act drives substantial public funding into quantum research, advancing national security and economic competitiveness. Pasqal, a neutral atoms technology company, delivered two 100 qubits quantum processors on- premises in Europe – one to the Très Grand Centre de Calcul of the French Commission for Atomic Energy and Alternative Energies (CEA), and the other to the Jülich Research Centre in Germany, as part of the flagship high performance computer-quantum simulation programme. Embracing the Quantum Economy: A Pathway for Business Leaders 44