The Israeli Innovation Authority and the Defense Ministry will spend approximately NIS 200 million to develop Israel’s first quantum computer, the two bodies declare in a joint announcement.
According to the press release, “quantum computational ability will lay the technological foundation for an Israeli ecosystem that will lead future developments in security, economics, technology, engineering and science.”
The Defense Ministry’s Directorate of Defense Research and Development will “establish a national center with quantum capabilities” that will collaborate with academia, industry players and all entities in dealing with developing a quantum processor.
“Quantum computing is a technology Israeli industry cannot ignore,” says IAA CEO Dror Bin. “The industry must develop knowledge and access to infrastructure in which it can develop growth engines for activities in which it will decide to lead.”
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