Insider Brief
- D-Wave has signed a memorandum of understanding with Yonsei University and Incheon Metropolitan City to promote quantum computing research, education, and adoption in South Korea.
- The agreement includes plans for collaborative research, talent development, and real-world use case development in areas like biotechnology and materials science.
- The MOU supports efforts to install a D-Wave Advantage2 quantum system at Yonsei University’s International Campus, aiming to position Incheon as a global quantum technology hub.
PRESS RELEASE — D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, today announced that it has signed a memorandum of understanding (MOU) with Yonsei University and Incheon Metropolitan City, designed to accelerate the exploration, adoption and usage of quantum computing in South Korea.
Under the terms of the MOU, the three organizations intend to work together to advance mutual research and talent development for quantum computing, provide access to D-Wave’s quantum computing technology, and collaborate on development of use cases in biotechnology, materials science and other areas. In addition, the MOU facilitates the organizations’ efforts towards the acquisition of a D-Wave Advantage2 system at the Yonsei University International Campus in Songdo, Yeonsu-gu, Incheon.
“This strategic relationship marks an important step in furthering D-Wave’s mission to accelerate global quantum computing adoption,” said Dr. Alan Baratz, CEO of D-Wave. “Yonsei University and Incheon Metropolitan City recognize the remarkable, immediate opportunity for scientific breakthroughs and business transformation possible with D-Wave’s quantum computing technology. We look forward to the possibility of installing a system at Yonsei University to further establish its role as a global quantum hub.”
“This collaboration with D-Wave and Incheon Metropolitan City supports our mission to facilitate a collaborative ecosystem for quantum computing literacy, research and commercial application development,” said Dong-Sup Yoon, president of Yonsei University. “By working together towards the introduction of a D-Wave annealing quantum computer onsite at Yonsei University, we believe we are opening up significant opportunities to advance industry and research in South Korea.”
“We have a unique opportunity to establish Incheon as a global quantum hub,” said Yoo Jeong-bok, mayor of Incheon Metropolitan City. “Building on Incheon’s strengths in the bio industry and other key sectors, we anticipate the emergence of a true quantum cluster where quantum technology converges with various industries to create innovative breakthroughs and attract top talent from around the world.”
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