News On Japan

Japan’s Quantum Computing Industry Gathers Momentum

TOKYO, Aug 18 (News On Japan) - The entrepreneurs who continue to challenge themselves to change the world are now attracting even greater attention as they push into the unknown frontiers of quantum computing.

Their breakthroughs have drawn wide recognition, creating new opportunities for investment and collaboration. Many have said that after watching the program “Breakthrough,” they became fans, with some even offering financial backing. Well-known companies, including major global firms, have approached them with proposals to become involved, whether through hardware development or broader business partnerships. For startups aiming to create an entirely new quantum computing industry, these connections with large corporations are seen as invaluable.

Ishiba, speaking after one of these events, declared that this year marked the beginning of industrializing quantum computing in Japan. With the government pledging 7 billion yen in support for optical quantum technology, the commitment at the national level is clear. Executives in the field view this as a decisive chance for Japan to gain a foothold in the global competition. Compared with other advanced economies, Japan’s spending on quantum research is already substantial, creating an increasingly supportive environment for startups.

For now, startups are expected to take risks by hiring talent and advancing research and development responsibly. At the same time, attracting further investment from venture capitalists and institutional investors will be essential. While the timeline for listing or exiting remains uncertain, the goal is to raise 200 to 300 billion yen, based on benchmarks set by overseas rivals, some of which have already secured amounts exceeding 100 billion yen.

Deloitte recently published a ranking of fundraising among quantum startups, placing leading overseas firms at the top with 100 billion yen or more. Japanese companies, however, only appear around 30th place. To catch up, several hundred billion yen in funding will be necessary. Beyond capital, talent remains the most pressing challenge. OptQC, for instance, currently operates with about 30 members, including part-timers, but lacks the manpower to simultaneously expand both research and commercialization. Building a stronger team is seen as critical to transforming prototypes into products ready for the market.

The coming two years are viewed as a decisive phase for research and development, a window in which Japan’s quantum computing startups must prove their ability to compete globally.

Source: テレ東BIZ

News On Japan
POPULAR NEWS

Japan’s Foreign Minister Motegi held a telephone conversation with Iranian Foreign Minister Araghchi and condemned attacks on civilian facilities in Gulf countries as well as actions threatening navigation through the Strait of Hormuz, urging Iran to halt such activities.

Two men fell while climbing Mount Fuji shortly before 3 p.m. on March 9th near the New Seventh Station, as authorities launched a rescue operation on the mountain where summit routes remain closed for the winter season.

A day after a woman in her 70s was injured when a cherry tree collapsed at the same park, another tree was found toppled in Kinuta Park in Tokyo’s Setagaya Ward on March 8th.

Sake brewed aboard the International Space Station returned from orbit and arrived at Kansai International Airport on March 6th, marking a milestone in a Japanese initiative aimed at eventually producing alcohol on the Moon.

Prince Hisahito, the eldest son of Crown Prince Akishino and Crown Princess Kiko and second in line to the Chrysanthemum Throne, joined children on the ski slopes during a visit to Hokkaido, where he was seen offering assistance to a child who had fallen.

MEDIA CHANNELS
         

MORE Sci-Tech NEWS

Sake brewed aboard the International Space Station returned from orbit and arrived at Kansai International Airport on March 6th, marking a milestone in a Japanese initiative aimed at eventually producing alcohol on the Moon.

A small rocket launched by Japanese space venture Space One was destroyed mid-flight on March 5th after aborting its mission shortly after liftoff from a private launch facility in Wakayama Prefecture.

NEC Corporation, a Japanese leader in advanced technology, has developed its own infrared sensor with sensitivity three times that of existing analogs.

A green beam of light piercing the night sky from Wakayama Prefecture is helping scientists determine Japan’s exact position on Earth with centimeter-level precision, as the Japan Coast Guard continues decades of satellite laser measurements at the Shimosato Hydrographic Observatory.

A report session for the Tokyo Metropolitan Government’s "Be Smart Tokyo" project, an initiative aimed at improving the quality of life of residents through the power of digital technology as part of the broader goal of creating "Smart Tokyo," was held on March 4th.

NTT’s next-generation optical communications infrastructure, known as IOWN, is moving toward global standardization as the company steps up efforts to promote the technology in Europe.

Motors are embedded in countless electronic devices, from home appliances and robots to automobiles, quietly generating the power that underpins modern life, and now a Japanese startup is challenging long-held assumptions by developing a next-generation motor that delivers both high efficiency and high output while eliminating the need for rare earth materials.

The assembly of a massive shield machine for tunnel construction at the Kanagawa Station site of the Linear Chuo Shinkansen has been completed, with the site opened to the media as excavation prepares to move forward toward Nagoya.