BRISTOL, England, Aug. 2, 2022 — Today, Phasecraft, the quantum algorithms company, announced that it has jointly received two research grants from UK Research and Innovation (UKRI) as part of the Commercialising Quantum Technologies Challenge delivered by Innovate UK.
In collaboration with BT and Rigetti, Phasecraft will lead a grant-funded project focused on the development of near-term quantum computing for solving hard optimization problems and constraint satisfaction problems. Computational problems in an array of fields including network design, electronic design automation, logistics, and scheduling are characterized by needing to find a solution among exponentially many potential solutions. Such problems are, therefore, exceptionally challenging, yet their applications and commercial potential are vast.
“Phasecraft’s goal is to significantly reduce the timescale for quantum advantage in several critical areas,” says Phasecraft co-founder, Ashley Montanaro. “We’re excited to be working with world experts on telecommunications networks at BT, and extending our ongoing partnership with Rigetti, to apply quantum algorithms to optimization problems. This project will build on our expertise in key underlying technologies, enabling us to determine whether near-term quantum computing could outperform classical methods in this application domain.”
The second grant awarded to Phasecraft supports the development of near-term quantum computing to simulate currently intractable problems in materials modeling for photovoltaics. Leading this project in collaboration with UCL and Oxford PV – a leading company pioneering the commercialization of perovskite photovoltaics – this award will enable the development of a modeling capability that is tailored to the real-world needs of the photovoltaics industry.
“Phasecraft has already proven that quantum computers have the potential to revolutionize materials modeling, even before fully scalable, fault-tolerant quantum computers become available,” says Phasecraft co-founder Toby Cubitt. “The results we have obtained for battery materials are hugely encouraging and show how our work can really make the difference in critically important areas. We know that photovoltaics has a crucial role to play in the transition to green energy, and we are hugely excited to be the ones making quantum computing part of the green revolution.”
Phasecraft’s team brings together many of the world’s leading quantum scientists and engineers, partnering with the world’s leading developers of quantum hardware. The team’s research has led to fundamental breakthroughs in quantum science, and Phasecraft is the market leader in quantum IP.
To learn more about our scientific research, business partnerships, career opportunities, and fellowships, please visit phasecraft.io.
Phasecraft is the quantum algorithms company. We’re building the mathematical foundations for quantum computing applications that solve real-world problems. Our team brings together many of the world’s leading quantum scientists, including founders Toby Cubitt, Ashley Montanaro, and John Morton and quantum consultant Andrew Childs.
Through our partnerships with Google, IBM, and Rigetti we enjoy unprecedented access to today’s best quantum computers, which provides us with unique opportunities to develop foundational IP, inform the development of next-generation quantum hardware, and accelerate the commercialization of high-value breakthroughs.
We are always looking for talented research scientists and partners interested in joining us on the front lines of quantum computing. To learn more about our scientific research, business partnerships, career opportunities, and fellowships, please visit phasecraft.io.