The CUCO (CUantica COmputacion) consortium will include seven commercial company (Amatech, BBVA, DAS Photonics, GMV, Multiverse Computing, Qilimanjaro Quantum Tech y Repsol), five research centers (BSC, CSIC, DIPC, ICFO y Tecnalia), and public university UPV (Universitat Politècnica de València) to research potential quantum applications in industries such as energy, finance, space, defense and logistics. The project is being supported by Spain’s Ministry of Science and Innovation under the Recovery, Transformation and Resilience Plan with funding from CDTI (Centro para el Desarrollo Tecnológico Industrial) a public funding agency for technology development. The project has been funded at $5.8 million and should last for two years with possible extensions later on. Activities of the project will include identifying relevant use cases for quantum computing in the Spanish economy and developing proof of concepts to show if they can provide a quantum advantage. Additional information about this project can be found in a news release posted on the Multiverse Computing website here.

January 13, 2022