Riverlane Secures £2.1 Million ($2.6M USD) Horizon Europe Grant to Develop Next-Gen Quantum Error Correction Decoder
Mohamed Abdel-Kareem2024-12-28T14:45:25-08:00Riverlane, a company developing quantum error correction technology, has secured a £2.1 million ($2.6M USD) grant from Horizon Europe's European Innovation Council (EIC) Transition program, supported by the UK's Department for Science, Innovation & Technology (DSIT). This funding aims to advance the development of a quantum error correction decoder capable of real-time decoding of quantum operations, a critical step toward achieving quantum advantage. Riverlane emerged victorious in a competitive selection process, receiving one of 27 grants and notably the only UK-based company among the awardees. With total funding now reaching £55 million ($68.6M USD), Riverlane plans to leverage its patented decoding [...]