News & insights

Finland-based quantum hardware company SemiQon breaks out of the startup stage after securing a total of 17.5 million euros in blended financing from the European Innovation Council. With the EIC backing, SemiQon will speed up commercialization and diversify its business to domains beyond the quantum industry. The highly competitive EIC funding consists of EUR 2.5 million in a competitive, non-dilutive grant and an additional EUR 15 million of equity-based ear-marked funding.

University of Jyväskylä partners with SemiQon to push forward research on silicon-based quantum computing and expand Finland’s national research infrastructure for quantum.

The consortium brings together five partners from three European countries, and it will be led by the University of Jyväskylä. SemiQon joins the project as the only private company.

Forbes’ The Prototype, a newsletter focused on emerging technologies and science news, reported on SemiQon’s recent launch of world’s first transistors engineered to work optimally in cryogenic temperatures.

This new innovation dramatically increases performance of electronics through elimination of heat dissipation and enables scalability of quantum computers.

As Finland and the UK are drawing up their quantum roadmaps, both look for ways to support the growing domain and build performance at scale. Himadri Majumdar writes about the shared and distinct challenges around policy, investment, and infrastructure after meeting partners and attending events in London.