Quantum technology in Helsinki
Find opportunities for growth, collaboration, and innovation in Helsinki, a global hub for quantum technologies.
Helsinki the home of cutting-edge quantum technology
In Helsinki you get almost sixty years of pioneering research and a dynamic quantum innovation ecosystem. This is where companies scale up, networks thrive, and the future is quantum.
Industry overview
The innovative city of Helsinki, Finland, is rapidly becoming a global hub for quantum technology. Driven by a rich history of research and a collaborative ecosystem, Helsinki offers companies the opportunity to expand their operations and revolutionise industries from energy sustainability to healthcare. Paired with a low hierarchy, smooth digital services, and some of the best English speakers in the world expanding into Helsinki is easy.
Finland’s commitment to quantum technology spans decades, as evidenced by its continuous rise in global innovation rankings and impressive research & development (R&D) investments. This dedication has established Finland as a global leader in digitalisation, laying the foundation for its success in the emerging field of quantum technology.
What is quantum technology
In simple terms, quantum technology harnesses the principles of quantum mechanics to create revolutionary advancements in various fields. Unlike classical computers, which utilize bits (0s and 1s), quantum computers leverage qubits, existing in a superposition of both states at the same time. This unique property allows quantum computers to perform specific calculations exponentially faster than classical computers, opening doors to ground-breaking possibilities.
Applications of quantum technology
The potential applications of quantum technology have yet to be fully understood but include:
- Energy: Optimising renewable energy sources, developing next-generation materials for efficient batteries, and accelerating drug discovery for sustainable solutions.
- Finance: Enhancing risk management, detecting fraud with superior accuracy, and creating advanced financial modeling tools.
- Logistics: Streamlining supply chains, improving efficiency in autonomous transportation, and optimizing logistics networks
Computing: Ushering in a new era of artificial intelligence and machine learning, revolutionising data analysis, and potentially leading to advancements in cryptography.
Market growth potential of quantum technology
The global quantum computing market size was valued at around USD 457.9 million in 2021 and is predicted to reach around USD 5274.9 million by 2030 while growing at a compound annual growth rate (CAGR) of roughly 31.21% between 2022 and 2030. This reflects the sectors rapid growth and immense potential.
Current challenges of quantum technology
While the potential of quantum technology is undeniable, challenges like technological hurdles, high development costs, and talent shortages still exist. However, ongoing research and development, coupled with the collaborative ecosystem in Helsinki, offer a promising path forward.
Financial support for quantum technology in Helsinki
The Finnish government actively supports the quantum sector through initiatives like the Business Finland Quantum Computing Campaign, offering up to 15 million in funding opportunities for qualifying companies. Active cooperation and co-creation between big and small companies, universities and research centres creates an attractive innovation environment. Finland incentivises co-creation by giving companies a 150% tax deduction for joint R&D projects with universities and research institutes.
At the EU level, the European Innovation Council is funding quantum projects with over 10 billion Euro from 2021-2027, focusing on deep-tech & scale-up companies. The Quantum Technologies Flagship initiative by the European Commission is funding quantum projects with 1 billion Euro during 2018-2028, focused on projects related to quantum computing, communication, simulation, sensing & metrology
Helsinki Partners closely monitors new funding opportunities and regulatory changes. We can help you find the right funding instruments to grow your business.
“As one of the forerunners in our domain, we wanted to bring our innovation activities to Finland.”
Nikhil Malhotra
Chief Innovation Officer, Tech Mahindra
#1
Finland ranks number in in the EU for digital skills, providing a readily available talent pool for the quantum sector
2
The number of quantum computers in Finland
2.8%
Of Finland’s GDP is spent on R&D
Quantum opportunities in Helsinki
Helsinki presents a compelling opportunity for quantum companies seeking to expand their operations and solidify their position in the growing quantum landscape. The city boasts a thriving ecosystem that excels in crucial areas like cryogenic and microelectronics & semiconductors, creating an attractive environment for quantum technology expansion.
Helsinki is home to several leading institutions developing and manufacturing quantum hardware, including:
- IQM: A European leader in building quantum computers, offering a variety of quantum processors and cloud access.
- VTT Technical Research Centre of Finland: Pioneering research in superconducting qubits and quantum processors.
- Aalto University: Home to the Department of Applied Physics, leading research groups in quantum technologies, and the OtaNano national infrastructure for micro-, nano-, and quantum technologies.
Helsinki offers a complete supply chain for quantum computing, encompassing
- R&D and design
- Manufacturing of components and systems
- Cryogenic engineering and infrastructure
- Software development and integration
Helsinki fosters a vibrant ecosystem of startups and established companies developing quantum software and algorithms, such as:
- Quantastica: Providing AI-based tools and solutions for quantum computing and hybrid quantum-classical computing.
- Bluefors Oy: A global leader in providing dry dilution refrigerators, essential for cooling quantum computers to near absolute zero.
- Focus on Open Source Development: Several Helsinki-based initiatives promote open-source software development for quantum computing, fostering collaboration and accelerating innovation.
- Leading Universities: Helsinki boasts world-renowned universities actively involved in quantum research, such as:
- Aalto University
- University of Helsinki
- VTT Technical Research Centre of Finland
- Strong Government Support: The Finnish government actively supports quantum research through initiatives like the Business Finland Quantum Computing Campaign, providing funding and resources for research projects.
- Skilled Workforce Development: Universities and research institutions in Helsinki offer various educational programs in quantum technologies, cultivating the next generation of quantum experts.
- Focus on Sustainability: Many Helsinki-based companies and research groups are committed to developing sustainable solutions using quantum technologies, addressing global challenges related to climate change and resource efficiency.
- Cutting-edge facilities: Helsinki offers access to world-class cryogenic infrastructure, with companies like Bluefors Oy leading the way in manufacturing dry dilution refrigerators.
- Advanced research & development: Research institutions like VTT possess cutting-edge cryogenic facilities that support cutting-edge research and development in quantum technologies.
- Collaborative expertise: Universities, research institutes, and companies in Helsinki collaborate to advance cryogenic systems specifically designed for quantum applications.
- Crucial for Quantum Hardware Development:
- Quantum processors rely on advanced microelectronics and semiconductor fabrication techniques to miniaturize and integrate qubit circuits.
- Strong Ecosystem and Expertise:
- Aalto University’s Department of Microtechnology offers expertise in microfabrication and integrated circuit design.
- VTT Technical Research Centre of Finland conducts research on advanced semiconductor materials and devices for quantum technologies.
- Companies like IQM and Bluefors integrate their quantum hardware with microelectronics and semiconductor components.
- Collaborative Efforts: Researchers and companies in Helsinki are actively exploring ways to integrate cryogenic technologies with advancements in microelectronics and semiconductors.
- Optimization for Quantum Applications: This collaboration aims to develop
- More efficient and compact cryogenic systems specifically designed for quantum computers.
- Specialized microelectronics and semiconductor components better suited to operate in ultra-low temperature environments.
- Global Impact: By optimizing these technologies, Helsinki-based companies are contributing to the overall development and advancement of the global quantum computing ecosystem.
Why Helsinki for quantum computing technology
Advanced infrastructure for R&D & Innovation (RDI)
Finland provides researchers with one of the most powerful hybrid HPC+nQC resources in the world, the largest cleanroom facilities in the Nordics and a world leading laboratory for low temperature physics. Helsinki offers a comprehensive Quantum supply chain with R&D, production, and a wide range of products and services, from cryogenic systems to complete quantum computers, supported by a growing start-up ecosystem.
Highly skilled quantum workforce
A highly skilled quantum workforce is at the core of a well-connected quantum community. This community is part of a broader, tightly integrated European network. Relative to its size Finland has a large pool of expert talent with over 234,000 ICT professionals (that’s a lot for a nation of only 5.5 million people!).
Strong global leadership in Quantum Technology
Finland specialises in quantum hardware, radio-frequency electronics, ultra-low temperature physics. Finnish institutions like VTT and InstituteQ are at the forefront of quantum hardware, software development, and fundamental research. This strong foundation establishes Helsinki as a prime location for companies seeking to innovate in the quantum space and Helsinki Partners can get you inside access to the ecosystem.
Streamlined Bureaucracy
Navigating research projects and business operations in Helsinki is made easier by the country’s flat hierarchical structures and efficient bureaucracy. This streamlined approach minimises administrative hurdles, allowing companies to focus their resources on innovation and growth.
High English Proficiency
Helsinki excels in public-private partnerships, enhancing its foodtech landscape. These collaborations combine government support and private sector innovation, fostering rapid development and sustainability in food technology. This effective model promotes scalable solutions and positions Helsinki as a global leader in foodtech collaboration.
Globally connected
Helsinki boasts a strategic location in Northern Europe, offering direct flights to major business centres worldwide and excellent transportation & logistics infrastructure. As a member of the EU and NATO, Finland provides access to a vast market and fosters strong international cooperation.
Success stories from Helsinki
Bluefors
A global leader in ultra-low temperature cooling systems (search term), Bluefors provides cryogenic solutions (search term) essential for the operation of quantum computers. Their dry dilution refrigerators (search term) are crucial components enabling research and development in the field. With 600+ employees and 160 million in Euro, Bluefors has already delivered more than 1100 dilution refrigerators since 2008.
QuantrolOX
Focusing on quantum control solutions, QuantrolOX develops hardware and software tools to optimise and improve the performance of quantum computers. We will need millions of physical qubits to be in a constant state of tune to build practical quantum computers.
SemiQon
This company specialises developing silicon-based quantum processors to make future quantum computers more affordable, scalable, and sustainable.
Ready to unlock the potential of quantum technologies?
Book a free consultation with our Senior Business Advisor. This free consultation is offered by the city of Helsinki, which is committed to fostering the growth and success of investors like you in Helsinki. During your consultation, you’ll gain valuable insights into: the unique advantages of expanding your operations to Helsinki’s thriving quantum ecosystem; how to leverage the city’s resources and support to accelerate your growth and innovation; connecting with key stakeholders and potential partners in the Finnish landscape.
Anna Tolvanen
Senior Advisor, Growth and Investments
Digital Transition
anna.tolvanen(at)helsinkipartners.com
+358 40 534 3645
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