Israel to Invest an Additional NIS 115 Million in Quantum Computing

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 Israel invests additional NIS 115 million in quantum computing< /p>

The Israel Innovation Authority announced the creation of the largest consortium to date for the development of quantum computing technologies. Five Israeli companies will join to form this consortium: defense giants ELTA Systems (Israel Aerospace Industries group) and Rafael Advanced Defense Systems, as well as Quantum Art, Classiq and Qedma Quantum Computing. The budget will be NIS 115 million over three years.

Technological development will be supported by leading academic institutions, including the Hebrew University, the Weizmann Institute, Bar-Ilan University, the Technion, and the Soroka Hospital Research Group.

experts who will accompany the consortium, last year managed to build Israel's first quantum computer— one of about 30 such computers in the world and one of less than 10 using advanced ion trap technology.

The new consortium will advance two quantum processor technologies: trapped ions and superconductors. Key developments to be prioritized include quantum processors, system building blocks, consistent control tools, noise reduction software, and a fully automated software environment from the application layer. to physical implementation.

The field of quantum computing is still in its infancy and on its way to a significant breakthrough in commercialization. Its global market value is predicted to reach tens of billions of dollars over the next decade.

“This is potentially the most disruptive technology to date and its impact is expected to be felt in many sectors such as medicine and pharmaceuticals, materials development, energy, transportation and logistics, security and more,” &mdash ; said Dror Bin, CEO of Innovation Authority.

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