BERLIN/MUNICH: Ten leading German companies are jointly founding the Quantum Technology and Application Consortium (QUTAC).
The goal of the newly founded consortium is to further develop the existing fundamentals of quantum computing into usable industrial applications.
QUTAC will help bring industry-relevant applications to market for the technology, chemical and pharmaceutical, insurance, and automotive industries.
This is intended to create the basis for a successful industrialisation of quantum computing in Germany and Europe.
"Quantum computing is one of the most promising future technologies and can revolutionise application fields from materials research to automated driving," said Oliver Zipse, Chairman of the Board of Management of BMW AG.
"Germany and Europe need a strong quantum computing ecosystem to be at the cutting edge of technology and remain globally competitive. With QUTAC, we are laying the foundation for a successful ecosystem that will allow us to make the most of the great potential of quantum computing."
At the time of its founding, the consortium includes BASF, BMW Group, Boehringer Ingelheim, Bosch, Infineon, Merck, Munich Re, SAP, Siemens, and Volkswagen.