Equal1 Wins Institute of Physics qBIG Award in London

Insider Brief

• Equal1 was awarded the Institute of Physics (IOP) quantum Business Innovation and Growth (qBIG) prize.
• The qBIG Prize recognises and honours SMEs leading quantum technology development across the UK and Ireland.
• The award was announced at The Economist’s Commercialising Quantum Global event held in London.
• Image, from left: Jason Lynch, CEO of Equal1 and Louis Barson, Director of Science, Innovation and Skills at IOP. Image: Equal1

PRESS RELEASE — Equal1, one of the world’s leading silicon quantum computing companies, has been named the winner of the prestigious Institute of Physics (IOP) quantum Business Innovation and Growth (qBIG) prize.

Announced at The Economist’s Commercialising Quantum Global event held in London on June 6, this recognition underscores the Irish-based company’s groundbreaking achievements towards the commercialisation of quantum computing.

Equal1’s rack-mountable quantum computers are powered by UnityQ, Equal1’s version of a Quantum System-on-Chip (QSoC), which essentially integrates quantum and classical components onto a single silicon chip.  This technology signals a transformative leap in quantum computing, enabling the development of quantum computers of a very compact size.

The qBIG Prize recognises and honours SMEs at the forefront of quantum technology development across the UK and Ireland. The event is sponsored by the UK’s pioneering enterprise venture capital fund dedicated to quantum technology,  Quantum Exponential plc.

Leveraging commercial foundry processes, UnityQ enables Equal1 to engineer compact quantum processors that seamlessly fit into today’s data centre infrastructure, offering advantages in size, energy consumption and cost-efficiency compared to traditional systems.

Jason Lynch, CEO at Equal1 commented, “Winning the qBig prize marks a significant milestone for Equal1, affirming our forward-thinking approach to quantum computing. Our vision is centred on developing compact, rack-mounted quantum computers that seamlessly integrate into standard data centre infrastructures. This achievement is made possible by our groundbreaking Quantum System-on-Chip technology, powered by the UnityQ chip. As we move forward, we believe that this recognition will stimulate increased industrial and governmental support as well as expedite our market readiness. I’d also like to congratulate the other finalists who are making equally incredible advancements in the quantum space.”