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Alpine Quantum Technologies: World Economic Forum Honours Tyrolean Quantum Specialists

Alpine Quantum Technologies © Alpine Quantum Technologies

They rank internationally among the leading minds for quantum computers. The Tyrolean company Alpine Quantum Technologies (AQT), a spin-off of the University of Innsbruck, has now been named by the World Economic Forum as one of 100 companies in a growth phase considered to be technology pioneers which will play an important role in shaping the future.

As already reported, AQT was founded in 2018 by the three quantum physicists Rainer Blatt, Peter Zoller and Thomas Monz, and has specialised in developing ion-trap quantum computers. The firm aims to make a commercial quantum computer available on the marketplace by 2022. The technology is based on decades of research work carried out at the University of Innsbruck and the Institute for Quantum Optics and Quantum Information (IQOQI) of the Austrian Academy of Sciences.

Contribution towards combatting the climate crisis

"We are very pleased to be recognised as a pioneer by the World Economic Forum", says Thomas Monz of AQT. "This confirms that our ion trap technology is a leading candidate for a future quantum computer which can solve major real-world problems. Our technology will support the development of new medicines or materials with planned properties. For example, improved catalytic convertors could curtail emissions and contribute to fighting climate change. We look forward to participating in the forum's dialogue on this challenge."

According to AQT itself, the company has a programmable ion-trap quantum computer featuring20 quantum bits at its disposal. The objective is to launch a quantum computer on the market with more than 100 quantum bits. This could be used for various purposes, for example for the development of personalised drugs, high-speed trading or autonomous systems. It should also be kept in mind that, due to their computing power, quantum computers could overcome decoding systems. For this reason, they are also considered to be a future key technology designed to protect data from attacks.

In any case, over the past years AQT has received about EUR 20 million in investments and funding. In the meantime, the University of Innsbruck, the Austrian Research Promotion Agency FFG and the IVT Private Foundation of the Industrial Association Tyrol all hold a stake in the company.

You can find the original article by Jakob Steinschaden and many more Austrian sucess stories here. (in German) 

>Tipp: For more success stories directly from Tyrol, please read our blog entry Photovalley Tyrol is flourishing.

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