SC Ventures by Standard Chartered and Fujitsu have announced a collaboration to incubate Project Quanta, a platform designed to accelerate the adoption of quantum computing and quantum-inspired applications. This initiative will leverage Fujitsu’s expertise in quantum research and development, alongside SC Ventures’ venture-building capabilities, to develop solutions initially targeting the financial services sector.
The joint venture will focus on integrating advanced hardware and software technologies to provide clients with a comprehensive platform for exploring and deploying quantum applications. Apurv Suri, Client Engagement and Partnerships Lead at SC Ventures, highlighted the fragmented nature of the current quantum development industry, stating, “By joining forces with Fujitsu, we want to unlock quantum resources and talent on one platform for corporates looking to scale their quantum capabilities.”
Fujitsu is currently developing a 1,000-qubit superconducting quantum computer, expected to begin operation in 2026, with plans for a more advanced system by 2030. The collaboration will initially focus on financial services applications such as fraud detection, risk simulations, and algorithmic trading, with plans to expand into other sectors.
Stafford Bond, Head of Growth Investments at Fujitsu UK, remarked, “Partnering with SC Ventures on Project Quanta represents a bold step towards democratising access to quantum capabilities and realising true quantum advantage.”
The partnership between SC Ventures and Fujitsu signifies a significant step in the practical application of quantum technologies, aiming to unlock transformative value for businesses across various industries.
