D-Wave Quantum Inc. (NYSE: QBTS), the only company offering both annealing and gate-model quantum computing systems, announced it has been chosen to receive a $1,566,250 grant from the U.S. National Science Foundation (NSF) through the National Quantum Virtual Laboratory (NQVL) program. The funding supports D-Wave's role as a key industry partner in the ERASE (Erasure Qubits and Dynamic Circuits for Quantum Advantage) project, which focuses on developing foundational technologies for fault-tolerant quantum computing.
Led by Yale University, the ERASE project brings together researchers from leading academic institutions and industry organizations. The project aims to advance dual-rail gate-model quantum computing hardware, software, error correction, and applications. D-Wave, through its New-Haven, Connecticut-based subsidiary Quantum Circuits, LLC, will provide ERASE researchers access to its superconducting dual-rail gate-model quantum computing resources. This award moves ERASE into the second phase of the NQVL program, underscoring the NSF's continued support for scalable, fault-tolerant quantum computing.
"NSF's continued support for the ERASE project highlights the national importance of accelerating progress toward scalable, fault-tolerant quantum computing," said Dr. Alan Baratz, CEO of D-Wave. "We believe that D-Wave's dual-rail technology can play a meaningful role in that effort, while building the technical foundation and skilled workforce needed to sustain U.S. leadership in quantum computing."
To view the full press release, visit https://ibn.fm/5um9O. More information about D-Wave is available at https://www.dwavequantum.com. The latest news and updates about QBTS are available in the company's newsroom at https://ibn.fm/QBTS.
This grant is significant because it supports the development of fault-tolerant quantum computing, a critical step toward realizing quantum advantage in practical applications. By collaborating with academic institutions and industry partners, D-Wave aims to strengthen U.S. leadership in quantum technology, potentially impacting sectors such as cryptography, drug discovery, and complex optimization problems. The NSF's investment signals a commitment to advancing quantum computing infrastructure and workforce development.
