German Flagship Project PlanQK Sets New Course Towards Economic Use For Quantum
Insider Brief
- The PlanQK research project concluded its four-year research project.
- The platform and ecosystem connects researchers, quantum developing organizations and end-users, with a focus on making quantum computing accessible for organizations.
- The project was led by Anaqor AG together with University of Stuttgart and funded by the Federal Ministry for Economic Affairs and Climate Protection as part of the AI Innovation Competition.
PRESS RELEASE — Concluding a four-year research endeavor, the PlanQK research project, led by Anaqor AG together with University of Stuttgart and funded by the Federal Ministry for Economic Affairs and Climate Protection as part of the AI Innovation Competition, presented its findings recently. Hosted at the Berlin-Brandenburg Academy of Sciences, the consortium introduces the PlanQK platform and ecosystem connecting researchers, quantum developing organizations and end-users, with a focus on making quantum computing accessible for organizations of all sizes.
Quantum computing is a game-changer for businesses, offering quicker and more insightful analysis for complex scenarios. However, the present hardware does not yet have the necessary capacity and accuracy to speak of a quantum advantage over classical computers. Nonetheless, researchers and businesses have started testing first use cases and proofs of concepts. Over the four-year research period, the PlanQK consortium explored over 30 use cases for quantum computing, such as fraud detection for credit card transactions or financial portfolio optimization via QUBOs.
After the successful research period, it can be stated: The PlanQK research project has successfully modeled what the quantum value chain of tomorrow will look like. It has developed a platform that enables frictionless collaboration among researchers, quantum developing organizations, hardware providers, and end-users. Organizations of all sizes can consume quantum solutions and integrate quantum applications into their existing processes. Quantum developers can benefit from extensive platform services such as hosting, management, and billing of their quantum applications.
With the support of more than 100 organizations and a consortium of 19 leading companies and research institutions, PlanQK has advanced to the pioneering European platform for quantum applications with international recognition. Anaqor, the consortium leader of PlanQK, expresses enthusiasm for PlanQK’s outcome. Co-founder and Chief Sales & Marketing Officer Dr. Mathias Petri notes, “With the support of the BMWK funding, we’ve been able to address the technical and economic potentials of quantum computing in its early stages. Now, fully equipped with a proven platform and a dynamic eco system, we’re ready to robustly initiate productization and professional marketing.”
Looking ahead to 2024, the software-based startup plans to further develop the expertise gained during the research phase and integrate additional quantum solutions into the platform. This endeavor is strengthened by a potent, globally-oriented ecosystem of major enterprises, associations, and startups, creating a dynamic and engaging environment. PlanQK users will not only benefit from cutting-edge technology on the PlanQK platform, but also engage with like-minded professionals in user group sessions and conferences that will be rolled out in early 2024.