WACQT is enlarged and extended
With an additional investment of 395 MSEK, the Knut and Alice Wallenberg Foundation increases the annual budget and adds two extra years to Wallenberg Centre for Quantum Technology (WACQT). This allows the centre to raise the goals, among other things for its quantum computer project.
WACQT was originally planned for ten years and mainly financed with a 600 MSEK donation from the Knut and Alice Wallenberg foundation (KAW). However, in November 2019 KAW decided to allocate money to increase the budget for the remaining years with 15 MSEK per year, and also to extend the duration to 12 years, that is through 2029.
With the enlarged annual budget, WACQT will be able to:
- invest more in developing better materials for qubits
- invest more in quantum communication in order to be able to compete in the European quantum communication infrastructure,
- increase industrial participation by additional industrial PhD students,
- invest more in quantum computer software, and
- provide larger startup packages for newly recruited experimentalists.
The two additional years will allow WACQT to:
- develop a more advanced quantum computer with well above 100 qubits,
- take better care of innovations,
- improve the education in quantum technology, and
- push to start a bachelor’s programme in quantum technology.
The WACQT management is now working on a formal re-application to KAW, which hopefully will be granted for the next four years. The decision will be taken in March 2021.