As the global quantum computing market is forecast to reach over EUR 50 billion by 2030, Finnish companies have started cooperation to capture the business opportunities emerging from advances in quantum technologies. OP Financial Group, Accenture, CSC– IT Center for Science, and globally recognized quantum technology companies Bluefors and IQM are the first to join BusinessQ, a VTT-coordinated network to support businesses in the adoption and development of quantum technologies and solutions.
The companies will work together to build a business roadmap for Finland around the opportunities of quantum technologies. Bringing together companies and organisations with quantum expertise, as well as potential end-users, BusinessQ works to position Finnish businesses to the global forefront of adapting new quantum-enabled technologies. “Developments in quantum technologies will create new opportunities for Finnish companies.
"At VTT, we have decades of experience in turning emerging technologies into viable business, and now we want to foster an active community and support Finnish industries and society in capturing the benefits of quantum technologies early on,” says VTT’s Erja Turunen, Executive Vice President, Digital technologies.
BusinessQ wants to grow and attract new companies from different industries to join the network. Cooperation and dialogue can benefit both companies and the quantum research community as it provides a better understanding of the different industry challenges that quantum-based technologies could tackle in the future. “Discussions with our first BusinessQ partners have shown that Finnish businesses have curiosity, ambition, and an open approach to quantum technologies. We are eager to welcome more companies from different industries and want to build an active business community around the opportunities of quantum technologies,” explains Himadri Majumdar Manager of Quantum Programmes at VTT.
Finland also has an active research community that fosters innovation around quantum technologies. In April 2021, Aalto University, Helsinki University, and VTT announced InstituteQ: The Finnish Quantum Institute aims at raising the readiness of Finnish society for the disruptive potential and implications quantum technologies will have for society and the economy at large. In this context, it coordinates operations that foster collaboration in research, education, innovation and infrastructure in the field of quantum technologies. BusinessQ’s activities share the mission of InstituteQ in strengthening Finland’s growing quantum ecosystem. VTT also hosts Finland’s first quantum computer that is being built in Espoo in partnership with IQM.