#AdvanceQuantumScience

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Toshiba & Quantonation Teams Up to Advance Quantum Scienc

Quantonation

A major quantum technology investment fund with locations in Europe and the US, Quantonation Ventures (Quantonation), is running Quantonation II, a fund that Toshiba Corporation has stated it will invest in as corporate venture capital. Toshiba will invest in Quantonation II with Quantonation and its portfolio companies to accelerate quantum technology research and real-world application..

One of the biggest venture capital firms focused on quantum technologies in the world, Quantonation was founded in 2018. With investments totalling €91 million spread over 27 startup firms, including the world leader in neutral atom computing, Pasqal, and the computer-aided drug discovery company, Qubit Pharmaceuticals, the fund operates globally and has already opened its first fund, Quantonation I.

For over 20 years, Toshiba has led the way in quantum technology research and development. Among its breakthroughs is Quantum Key Distribution (QKD)* for quantum-secure communications networks. Innovative research and development in the quantum domain is carried out by Toshiba’s Corporate Research & Development Centre in Japan in collaboration with its business’s Cambridge Research Laboratory and the Quantum Technology Centre in the United Kingdom.

In addition to advancing research and development, the partnership with Quantonation will promote information exchange across top quantum hubs and will enhance the current work.

The company has entered into a strategic partnership with it with the objective of utilising Quantonation’s impressive portfolio of innovative quantum startups to support the global quantum ecosystem, expedite the creation and marketing of quantum products and technologies, and propel the progress towards the quantum internet. The partnership will enable businesses in it’s portfolio to work directly with Toshiba to take use of its cutting-edge quantum expertise, as well as to obtain extra investment.

“Toshiba is thrilled to join forces with Quantonation in this groundbreaking endeavour,” said Taro Shimada, CEO of Toshiba Corporation. Quantum investment demonstrates quantum commitment to spearheading the quantum revolution and fostering the development of cutting-edge technology that will shape the course of history. Quantum is a position to build a strong, interconnected network that will propel scientific breakthroughs and worldwide economic expansion by connecting the quantum ecosystems of Europe and the Asia-Pacific region.”

The company’s managing partner, Christophe Jurczak, said, “Quantum is thrilled to have Toshiba join in as a strategic investor. A dynamic and cooperative atmosphere will surely be created by Toshiba’s technological leadership and expertise along with quantum focus on developing high-potential quantum companies. Through this collaboration, the creation of state-of-the-art quantum solutions will be accelerated, and the quantum community in Europe and the Asia Pacific area will become stronger and more united.”

Both Quantonation and Toshiba are confident that this partnership will help both companies and its portfolio companies in terms of technology development, market access, and business development. This is particularly true in Japan, which is a key market for Quantonation and its companies.

When Toshiba and Quantonation work together, they will open the door to a new age of quantum innovation that will improve global competitiveness and offer game-changing innovations to the market.

Quantonation: It is the first early-stage venture capital fund devoted to quantum technology and deep physics. Today, innovation based on these disruptive technologies is driving fields including medication design, high-performance computing, secure communications, and ultra-precise sensing. The goal of quantonation is to facilitate their translation into goods that can be purchased commercially. With offices in Boston, USA, and Paris, France, Quantonation has interests throughout Asia-Pacific, North America, and Europe.

The announcement’s description of Toshiba and Quantonation‘s partnership represents a major advancement for the worldwide quantum ecosystem. Several innovations in the near future are probably going to be sparked by this partnership:

Short-Term Consequences

Accelerated Quantum Research and Development

Faster Advancements in Quantum Computing, Cryptography, and Communication: It is anticipated that Toshiba and Quantonation-backed firms will collaborate on research projects that will accelerate quantum research and development.

Strengthened Global Quantum Ecosystem

A more robust global quantum ecosystem will result from the alliance, which will strengthen linkages between the quantum communities in Asia Pacific and Europe and encourage cooperation and knowledge exchange.

Increasing Investment in Quantum firms

With Toshiba’s support, Quantonation II is expected to invest in a greater number of exciting quantum firms, thereby stimulating competition and innovation.

Short-Term Consequences

Quantum technology commercialisation

The collaboration could hasten the creation of economically feasible quantum goods and services, like quantum sensors and encryption methods that are protected from quantum interference.

Quantum Internet Advancements

Joint efforts could result in considerable progress towards the creation of a quantum internet, which could have applications in distributed cloud computing, secure communication, and quantum teleportation.

Standardisation Initiative

To ensure compatibility and encourage broader adoption of quantum technology, Toshiba and Quantonation may work together to set industry standards.

Long-Term Effects

Quantum Supremacy and Economic Impact

Toshiba and Quantonation’s joint efforts may help achieve quantum supremacy, in which quantum computers perform better than classical computers in certain situations. This may lead to breakthroughs in medicine development, artificial intelligence, and materials research, among other domains.

Geopolitical Impact

By raising Europe and Japan to the forefront of quantum technology, the partnership may affect international laws and policies.

New Industries and Jobs

The quantum sector is expected to create numerous high-tech jobs, boosting innovation and economic growth.

All in all, the Toshiba and its partnership is a calculated action that could change the face of technology and usher in a new era of quantum-powered products.

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