Qilimanjaro Quantum Tech is among the top 10 companies that have won the NEOTEC grant in 2021 from CDTI (The Centre for Development of Industrial Technology), with the project Coherent Quantum Annealing Platform for Process Optimization and Machine Learning Applications.
The NEOTEC grant has been developed to support the creation, development and consolidation of technology-based companies like Qilimanjaro, a startup at the beginning of its technological roadmap. Moreover, the central objective of CDTI is to award companies that are looking to develop their own technology as innovators in their research area.
The main innovation brought by Qilimanjaro with the NEOTEC project lies in the use of the adiabatic quantum computation (AQC) model, of which quantum annealing (QA) is a part. A model focused on solving a specific set of optimization problems, not solvable by classical computing technologies, however powerful they may be.
From the best 10 companies that won the NEOTEC grant, Qilimanjaro Quantum Tech is positioned in third place and is the only company developing its activity in the quantum computing area.