Irish-headquartered Equal1 awarded the Institute of Physics' Quantum Business Innovation and Growth (qBIG) prize on June 6 for its technological advancements in quantum computing.
Equal1 recognised for the development of a compact and energy-efficient silicon-based quantum computer designed for seamless integration into data centre infrastructure
Institute of Physics quantum Business Innovation and Growth (qBIG) prize supports the innovation and commercialisation of quantum technologies
Dublin-based Equal1, one of the world’s leading silicon quantum computing companies, poised to disrupt the market with its compact rack-mountable quantum computers
Equal1, one of the world’s leading silicon quantum computing companies, has been named the winner of the prestigious Institute of Physics (IOP) quantum Business Innovation and Growth (qBIG) prize.
Announced at The Economist’s Commercialising Quantum Global event held in London on Thursday night (June 6), this recognition underscores the Irish-based company’s groundbreaking achievements towards the commercialisation of quantum computing.
Equal1’s rack-mountable quantum computers are powered by UnityQ, Equal1’s version of a Quantum System-on-Chip (QSoC), which essentially integrates quantum and classical components onto a single silicon chip. This technology signals a transformative leap in quantum computing, enabling the development of quantum computers of a very compact size.
The qBIG Prize recognises and honours SMEs at the forefront of quantum technology development across the UK and Ireland. The event is sponsored by the UK’s pioneering enterprise venture capital fund dedicated to quantum technology, Quantum Exponential plc.
Leveraging commercial foundry processes, UnityQ enables Equal1 to engineer compact quantum processors that seamlessly fit into today’s data centre infrastructure, offering advantages in size, energy consumption and cost-efficiency compared to traditional systems.
Jason Lynch, CEO at Equal1 commented, “Winning the qBig prize marks a significant milestone for Equal1, affirming our forward-thinking approach to quantum computing. Our vision is centred on developing compact, rack-mounted quantum computers that seamlessly integrate into standard data centre infrastructures. This achievement is made possible by our groundbreaking Quantum System-on-Chip technology, powered by the UnityQ chip. As we move forward, we believe that this recognition will stimulate increased industrial and governmental support as well as expedite our market readiness. I’d also like to congratulate the other finalists who are making equally incredible advancements in the quantum space."
IOP Director of Science, Innovation and Skills Louis Barson, who moderated the IOP-organised plenary discussion at the event, said: “Today marks a momentous occasion as we celebrate the remarkable achievements of Equal1 and all the participants of the IOP qBIG Prize. Their dedication and innovation are integral to driving progress in the UK and Ireland's economy and technology sector. Congratulations to Equal1 and all the runners-up for their exceptional contributions. We are thrilled to continue supporting them on their journey of innovation alongside Quantum Exponential.”