Amsterdam and Seoul, 15 April 2021 - Qu&Co and LG Electronics announce multi-year research collaboration to develop and test quantum algorithms for multiphysics simulations.
Qu&Co, a leading quantum computational software developer from Europe, and LG Electronics (LG) are launching a three-year research collaboration to develop and test quantum algorithms for multiphysics simulations to solve some of LG’s most complex corporate research challenges.
The collaboration follows the publication late last year by Qu&Co and its research partner, the University of Exeter (UK), of novel quantum computational methods which in time could provide industry-relevant quantum advantages for solving multiphysics problems.
“For years it was uncertain whether quantum computers were able to treat complex nonlinear systems typical in multiphysics problems,” Said Dr. Vincent Elfving, CTO at Qu&Co. “With our new proprietary quantum algorithms for solving differential equations, we show a novel approach for treating nonlinearities directly and derivatives analytically that is compatible with near term quantum processors.”
"The disruptive potential of quantum computing will open up the boundaries of our imagination like never before," said Dr. I.P. Park, president and CTO of LG Electronics. "Quantum computing promises to change the world by transforming medicine, revolutionizing communication and improving artificial intelligence. And while we won't see quantum computers on our desks anytime soon, partnerships like the one we are initiating with Qu&Co are vital for elevating the level of applied research in this space."
About LG Electronics
LG Electonics is a global innovator in technology and consumer goods with a presence in almost every country in the world and a diverse workforce of 74,000. LG is composed of five companies – Home Appliance & Air Solution, Home Entertainment, Mobile Communications, Vehicle Component Solutions and Business Solutions. With 2019 global sales of USD 53 billion, LG is a leading manufacturer of a wide range of products from TVs, washing machines, refrigerators, air conditioners, mobile devices, digital signage and automotive components. LG is also known for its premium LG SIGNATURE and advanced LG ThinQ brands, which feature the company’s artificial intelligence technology. For more news on LG, go to www.LGnewsroom.com
About Qu & Co
Qu&Co is a quantum computational software company founded in 2017 in Amsterdam, the Netherlands. Its software will empower corporate researchers to run complex chemistry and multiphysics simulations on future quantum processors with unprecedented accuracy and speed. Qu&Co’s SaaS platform solutions include unique and patented quantum algorithms and are distributed as backend integrations to leading conventional software packages. Qu&Co serves corporate research clients from large multinationals, has partnerships with US and European quantum hardware players and R&D collaborations with leading Universities from around the world. Visit www.quandco.com for more information.
Europe, 14 April 2021 - European Quantum Industry Consortium kicks-off work
The European Quantum Industry Consortium (QuIC) announced its successful kick-off with its General Assembly event held online on April 14. The event gathered more than 100 members from all sectors of the quantum technologies industry in Europe, representing SMEs, large corporations, venture capitalists as well as research organizations, academic institutions and other industrial associations from all over the continent.
The work towards establishing a quantum industry consortium started in early 2020 when the Quantum Community Network, one of the three governing bodies of the Quantum Flagship initiative, expressed the need of a “privately owned body with the mission to advocate, promote, and foster the common interests of the European Quantum Industry towards all Quantum Technologies stakeholders”.
The European quantum community, led by Tommaso Calarco from the Forschungszentrum Jülich and Thomas Strohm from Bosch, laid the foundation of what today has been launched as the reference consortium officially recognised by the European Commission which represents the interests of the quantum technologies industry in Europe. “The Quantum Community N etwork and Jülich Forschungszentrum are especially happy to have witnessed today, after almost two years of hard work, the birth of the European Quantum Industry Consortium. By coherently bringing forward the voice of industrial stak eholders of quantum technology, QuIC will join forces with all other European quantum initiatives to overcome any possible quantum winter and make the European digital decade into a quantum decade" said Tommaso Calarco, Chair of the Quantum Community Netw ork and Head of the Quantum Control division of the Peter Grünberg Institute at Forschungszentrum Jülich.
At the General Assembly, the QuIC officially appointed its governing board, electing Laure Le Bars (SAP) as president, Benno Broer (Qu&Co) and Thomas Strohm (Bosch) as vice presidents, and Enrique Lizaso (Multiverse Computing) as its treasurer. Furthermore, all chairs of the nine working groups presented their objectives, milestones and deliverables, with an outlook on the future tasks. “The second quantum revolution will bring transformative advances to science, industry and society. I am convinced that Europe can lead in research, innovation and development of quantum technologies. Establishing the QuIC as a collaborative hub throughout Europe and building a strong, vibrant ecosystem between SMEs, large companies, investors, and leading-edge researchers can only boost Europe’s competitiveness. Together, we are developing strategic roadmaps, engaging in pre-standardisation activities, developing IP strategies, and determining needs in education and skills. We are also looking forward to collaborating with the European Commission and other stakeholders.” said Laure Le Bars, Research Project Director at SAP Technology & Innovation.
During the event, representatives of the European Commission, namely Thomas Skordas and Gustav Kalbe from the Directorate‑General for Communications Networks, Content and Technology (DG CONNECT), presented their views and shared their expectations on the newly established QuIC. “The establishment of the QUIC consortium comes at a time when Union has ambitious plans for quantum research and technology deployment in Europe, in order to make the digital decade a reality. The association will be a precious partner in contributing to these aims and in developing a thriving quantum industrial ecosystem in Europe.” said Thomas Skordas, Director of Digital Excellence and Science Infrastructure at DG Connect.
Amsterdam, 16 March 2021 - Qu&Co releases QUBEC, the first quantum computational platform specifically designed for chemistry and materials science.
Qu&Co, the European quantum computational software developer, is pleased to announce the beta release of QUBEC, the first quantum computational platform explicitly designed for chemistry and materials science. QUBEC was co-designed by quantum chemists and material scientists. It comprises chemistry-specific algorithms and process automation and is integrated with Schrödinger's Maestro chemical modelling interface.
Quantum mechanical simulations have become a powerful tool to accelerate chemistry and materials science and design, however executing the same computations on quantum computers so far remains at an early stage of development. “Although current day quantum processors are not yet capable of outperforming conventional computers for chemical simulations, Qu&Co is now offering a glimpse of what the future of quantum chemistry simulations will look like.” Said dr. Vincent Elfving, CTO at Qu&Co. “In that future, corporate researchers will be able to apply quantum computational subroutines directly in their existing conventional computational workflows, so that they can benefit from the improved accuracy and scaling offered by future quantum processors.”
QUBEC incorporates state-of-the-art proprietary and open-source chemistry algorithms. Hybrid quantum-classical algorithms allow researchers to experiment with small-scale quantum processors, to which QUBEC offers access through an integration with the IBM Quantum Experience and Amazon Braket platforms. “Many of our clients want to know when they will be able to solve their industry sized problems on some future quantum processor,” said dr. Mario Dagrada, VP of Quantum Software at Qu&Co. “To help provide such insights, QUBEC contains our automated quantum resource estimator, Q-time, that calculates the required quantum hardware specifications and estimated wall clock runtime requirements for future fault-tolerant simulations to a desired level of precision.”
“We know from experience that developing and running quantum computing solutions is a highly specialized job,” said dr. Elfving. “Therefore, we have decided to make the expertise of our quantum-developers accessible in a scalable and cost-efficient way by including a high level of automation in our platform. Our aim is that a corporate researcher can obtain good results from our solutions with only a minimal amount of training in quantum computing.” QUBEC handles pre- and post-processing of data and includes tools which automatically optimize the parameterization of the quantum algorithms and the handling of the quantum processors. For expert users, these settings can also be fine-tuned from within the GUI and programmatic API.
In September 2019 Qu&Co started a collaboration with Schrödinger Inc. to advance the use of quantum algorithms on complex chemical systems using quantum computing hardware. Within Qu&Co’s beta testing environment, QUBEC users can now set-up quantum computational simulations directly in Schrödinger’s Maestro user interface, from where they can run chemistry simulations on current day quantum processors.
“Quantum computational software is likely to become a powerful addition to existing conventional tools, such as the ones we have developed at Schrödinger,” said Pat Lorton, CTO of Schrödinger. “The integration of quantum and conventional computations may be the key to solving many difficult problems. We are pleased to be working with Qu&Co, a leading quantum software provider, to pursue our shared goals of continued innovation in chemistry and materials science.”
The current beta release of QUBEC is available to a select group of corporate clients. Over the next years Qu&Co will continue to work closely with its corporate clients and academic partners to further advance the field of quantum computational chemistry and materials science striving to reach the point where QUBEC can deliver industry relevant quantum advantage directly within existing classical workflows. Interested corporate researchers can request beta access to QUBEC by registering at www.quandco.com/product.
About Qu & Co
Qu&Co is a quantum computational software company founded in 2017 in Amsterdam, the Netherlands. Our software will empower corporate researchers to run complex chemistry and multiphysics simulations on future quantum processors with unprecedented accuracy and speed. Our SaaS platform solutions include unique and patented quantum algorithms and are distributed as backend integrations to leading conventional software packages. Our clients are corporate researchers from large multinationals, our partners include US and European quantum hardware players, our R&D is supported by an academic advisory board with professors in quantum machine learning and quantum chemistry and our team combines the necessary strengths in quantum information science with solid experience in B2B sales and business development. Visit www.quandco.com for more information.
Media and Investor Contact:
Benno Broer, Qu&Co
Amsterdam, 27 January 2021 - Qu&Co appoints Dr. Thierry Botter as business development advisor.
Quantum software development startup Qu&Co is delighted to announce the appointment of Dr. Thierry Botter as a business development advisor to the company. In this role Thierry will support Qu&Co in building valuable business relations with partners, clients, financiers and relevant public bodies.
Benno Broer, CEO at Qu&Co: “we are delighted that Thierry will be working with us. He brings an exceptional track record in (corporate) R&D, key insights in the needs of our customers and a broad network in the global Quantum Technologies industry, amplifying our momentum in building a leading global franchise in quantum software”
Thierry is currently the deputy head of central R&D at Airbus, where he also established and leads Airbus' long-term scientific research team, Airbus Blue Sky. Thierry has built a broad network within the quantum technology industry. He serves as an advisor to the EU Quantum Technologies Flagship, a 1B€ funding program for quantum research established by the European Commission. Thierry is also a Venture Partner at Quantonation, a venture capital firm dedicated to early-stage investments in deep physics startups with a focus on the emerging and disruptive field of Quantum Technologies. Additionally, Thierry serves as a board observer at QC Ware, a US based startup developing enterprise software for quantum computing. He holds a PhD in physics from the University of California, Berkeley.
Thierry Botter, “I am delighted to be joining Qu&Co as an advisor. The company and its community of contributors have developed an impressive set of early quantum-computing software solutions. I am excited to help Qu&Co continue to grow and become an important pillar of the global quantum-computing landscape.”
Qu&Co is a quantum-computational software development business founded in 2017 in Amsterdam, the Netherlands. We develop quantum algorithms and quantum software for chemistry and multiphysics simulations. Our quantum developers work closely together with the domain experts of our clients and with our academic advisors to develop and implement novel and tailor-made quantum algorithms to solve industry relevant problems and we turn these quantum algorithms into practical quantum software products. We have built a client portfolio with leading multinational corporations from different industries and we have built partnerships with the leading quantum-hardware developers from Europe and North America.
Delft and Amsterdam, 11 December 2020 - IMPAQT consortium creates interfaces between Dutch quantum computer startups.
Amsterdam and Ludwigshafen, 21 August 2020 - Today, 5-HT Digital Hub announced a partnership with quantum-computational chemistry startup Qu&Co. In order to foster digital innovation, we intend to combine our efforts to boost entrepreneurial, innovative thinking and acting in the chemical and health sectors.
The 5-HT Digital Hub in Mannheim/Ludwigshafen, founded by a.o. BASF and SAP, supports innovation in the field of digitization for the chemical and healthcare sectors. Supporting and connecting startups, corporates and venture capitalists. Through this network, the hub aim to create „an ecosystem for digital innovation“ that allows various players to benefit from each other. The Digital Hub initiative is a scheme operated by the German Federal Ministry for Economic Affairs and Energy to support digital innovation in Germany by promoting cooperation amongst the network partners. We are looking forward to creating new exciting collaborations.
For more information visit: https://www.5-ht.com/en/network/