Munich Quantum Valley Project to Receive 83.3 Million Euros ($96M USD) from the Bavarian State Go...

We had reported in January about plans of the German state of Bavaria to create a Munich Quantum Valley program and have just announced this first release of funding from the Bavarian State Ministry for Science and Art. These funds will extend through 2024 with additional funds release anticipated in the future. Participants in the program include the Bavarian Academy of Sciences BAdW), the Fraunhofer Society, the Max Planck Society, Ludwig Maximilians University of Munich (LMU), the Technical University of Munich (TUM), the Friedrich Alexander University of Erlangen-Nuremberg (FAU) and the Bavarian Academy of Sciences. Goals of the project include developing an ecosystem for quantum technologies in the Munich region, set up a quantum technology park, set up a center for quantum computing and quantum technologies, and promote scientific qualification and training of a new generation of engineers and scientists. More information about this funding can be found in a news release (in German) provided by the Bavarian State Ministry for Science and Art that can be found here and also the website for the Munich Quantum Valley located here.

October 1, 2021