Mobile quantum computer: Leipzig start-up SaxonQ wins KfW Entrepreneurs' Award

Press Release November 8, 2024

Leipzig/Berlin: SaxonQ was honoured yesterday evening in Berlin with the KfW Entrepreneurs' Award Saxony for its mobile quantum computer. Quantum computers are potentially many times more powerful than conventional computers and could solve complex problems in medical research, energy supply, logistics or in the field of artificial intelligence in the future. SaxonQ has succeeded in designing a quantum computer suitable for industrial use - moving away from the space-consuming systems used to date and towards a handy, flexible box.

Co-founder and CEO Prof Marius Grundmann on the award: ‘We are convinced that quantum technology will completely change our understanding of IT in the coming years. This award is a great acknowledgement for our entire team and our vision of overcoming the previous limits of data processing with a mobile quantum computer.’

Companies from all sectors from the founding year 2019 took part in the KfW competition and one company from each federal state was honoured. The winners were selected in a multi-stage process by an experienced jury consisting of representatives from KfW, promotional institutions, business, politics and the media. They assessed the business ideas according to their degree of innovation, their creativity and their assumption of social and ecological responsibility. The award has been presented for 25 years.

About SaxonQ

Quantum computers have the potential to be significantly more powerful than traditional computers and could solve complex problems in medical research, energy supply, logistics, or artificial intelligence in the future. The Leipzig-based startup SaxonQ, founded in 2021, has succeeded in constructing an industrial-grade quantum computer – moving away from the traditional bulky installations towards a compact, flexible box. Unlike previous quantum computers, these processors do not require cooling or complex infrastructure and are resistant to disturbances. The system is already being used by major clients and aims to enable entirely new applications for quantum computers, such as in satellites, autonomous driving, or even in smartphones in a few years.