Latest news with #VTTTechnicalResearchCentreofFinland
Time of India
10 hours ago
- Business
- Time of India
Former Nokia CEO Pekka Lundmark joining Finnish quantum company's board
STOCKHOLM: Former Nokia CEO Pekka Lundmark will join Finnish quantum computing company QMill as an investor and a board member, the company said on Wednesday. Lundmark stepped down from the top job at Nokia earlier this year after being appointed as CEO in 2020, and is credited with turning around the telecom gear maker. Antti Vasara, former head of VTT Technical Research Centre of Finland, and a former Nokia executive, will also join QMill as chair of the board. Espoo, Finland-based QMill, is a quantum-algorithm company, which started operations last year, and has raised seed funding from Antler, and Kvanted. Quantum computing is emerging as a promising sector where many startups are working alongside tech companies such as Microsoft and Nvidia to build functional computers to solve problems that would take classical computers thousands of years.
Fashion Value Chain
18-07-2025
- Business
- Fashion Value Chain
tExtended to Host Circular Textiles Workshop at ECOSYSTEX
The EU-funded tExtended project will actively participate in the upcoming 3rd ECOSYSTEX conference, taking place from September 29 to October 1, 2025, at the Jacy'z Hotel in Gothenburg, Sweden. tExtended will host an interactive workshop titled 'Building a Collaborative Circular Textile System', engaging participants with its early findings on system dynamics modeling, value chain logistics, and barriers to a circular transition. Feedback from the session will help validate current insights and further refine future pathways for textile circularity and policy development. The session will be led by experts from VTT Technical Research Centre of Finland, RISE Research Institutes of Sweden, and Tekologistik. Dr. Pirjo Heikkilä, Project Coordinator at VTT, stated, 'We've made great progress on digital and technological solutions for textile waste and circularity, but collaboration beyond our project is essential. This workshop will ensure our direction remains aligned with broader industry needs.' Additionally, tExtended will showcase an exhibition of textile samples co-produced with project partners, ranging from recycled material outputs to market-ready garments — all demonstrating the project's innovation and cross-collaborative strength. The ECOSYSTEX community, launched in 2023, aims to accelerate sustainable practices in the European textile ecosystem. This year's conference theme centers around emerging technologies and circular business models. Learn more about the conference and registration: Explore ECOSYSTEX: tExtended is funded by the EU's Horizon Europe Programme (Grant Agreement No. 101091575)
Yahoo
04-03-2025
- Business
- Yahoo
VTT and IQM launch first 50-qubit quantum computer developed in Europe
Aiming to strengthen Finland's quantum computing expertise, the launch marks the end of a four-year joint development project that successfully completed the building of a 50-qubit quantum computer. The 50-qubit quantum computer is now available for research and business use. ESPOO, Finland, March 4, 2025 /PRNewswire/ -- VTT Technical Research Centre of Finland and IQM Quantum Computers, one of the global leaders in superconducting quantum computers, have completed and launched Europe's first 50-qubit superconducting quantum computer, now open to researchers and companies through the VTT QX quantum computing service. The new 50-qubit quantum computer further strengthens Finland's position among the countries capable of developing and investing in quantum computing. Finland first announced its efforts in quantum computing development back in November 2020 with a total budget of EUR 20.7 million from the Finnish government to develop a 50-qubit quantum computer. The 50-qubit quantum computer opens today for use by companies and researchers in universities and research institutes through the VTT QC quantum computing service. The quantum computer offers industries an opportunity to develop applications for quantum computing and to work on them in a practical way. "Developing and building a 50-qubit quantum computer demonstrates that Finland is one of the global leaders in the field. With this quantum computer, we can develop applications and new algorithms for material modeling and simulation, optimization problems, and artificial intelligence," says Erja Turunen, Executive Vice President, VTT. "Now is the perfect time for companies to consider how quantum computing could benefit them in their own business. Leadership in critical technologies like quantum computing is crucial for Finnish society. We need to be capable of both building the required hardware as well as using it for practical applications. Now with the 50-qubit quantum computer completed, it is time for the applications development by the entire Finnish ecosystem," she continues. The project was phased into three parts so the community in Finland can take advantage of the new technology as early as possible. The 5-qubit quantum computer was completed in 2021. In the spring of 2022, it was connected to the Internet via CSC's LUMI supercomputer for the use of Finnish researchers and later also more widely for business users. The 20-qubit computer was completed in 2023, and, in the third phase, it was upgraded to 50 qubits. A 50-qubit quantum computer is capable of performing such calculations which are not anymore possible with a classical computer, making this a significant milestone. Thanks to the new chip technology, it was possible to significantly reduce computer noise and increase the number of qubits used in calculations. "The delivery of this quantum computer is a significant milestone in our technology roadmap towards large-scale quantum computing with applications in quantum machine learning, optimization, or simulations," says Dr. Jan Goetz, Co-CEO and Co-founder of IQM Quantum Computers. "Our collaboration with VTT to develop the 50-qubit system serves as a baseline for our IQM Radiance 54-qubit quantum computer, a product we are shipping to our customers worldwide. We are now at full speed to deliver on the growing demand for our quantum computers to drive scientific breakthroughs and ultimately reach quantum advantage," he discloses. Quantum computers were developed as a joint development project, where both parties, VTT and IQM, developed part of the technology. VTT especially developed the superconducting TWPA amplifiers, used for readout of the qubit signals, as well as quantum processor chip-level integration and packaging solutions. The superconducting TWPA amplifiers developed and manufactured by VTT are currently the world's leading components, and they are in high demand within the quantum technology industry in Europe. VTT's spin-off company, Arctic Instruments, is commercializing VTT's TWPA technology. VTT also made significant leaps forward in the manufacturing of qubits and integration technologies, and VTT is now offering them as a commercial service. The manufacturing methods used in quantum technologies now include the Josephson junction technology, superconducting Through Silicon Vias (TSVs) and superconducting flip chip integration methods. During the innovative 50-qubit quantum computer co-development, VTT also launched another quantum technology spin-off, SemiQon, which is developing semiconducting qubits. Finland's quantum technology business ecosystem is growing, with multiple new startup companies emerging in the last few years. The BusinessQ community, operating as part of InstituteQ, Finland's quantum technology research and development ecosystem, brings together different actors in the Finnish quantum value chain. BusinessQ currently has more than 25 companies as its members, from technology developers to end-users. The new quantum computer provides new opportunities for the companies in the ecosystem to develop commercial applications and products, deploy quantum technology, and build new business. The new 50-qubit quantum computer is located at VTT's premises in Micronova in Espoo, Finland. MEDIA MATERIAL For additional information:VTT Technical Research Centre of Finland Pekka Pursula, Research Manager, Quantum Technology tel. +358 40 738 4986 Further information on VTT:Paula Bergqvist, Communications Manager+358 20 722 5161, This information was brought to you by Cision The following files are available for download: VTT-IQM-Q50-quantum-computer-2 View original content: SOURCE VTT Info Sign in to access your portfolio
