XPRIZE, GOOGLE and GESDA join forces to raise the bar on the application of quantum projects for the benefit of all Geneva, March 5, 2024 XPRIZE, Google and GESDA have joined forces to launch a competition on the sidelines of Open Quantum Institute’s operational startup at CERN in Geneva.
The competition aims to develop quantum computing algorithms that accelerate the search for solutions to achieve the UN’s 17 Sustainable Development Goals for 2030.
Competing teams will propose and analyze the viability of quantum computer applications that address complex societal problems.
For example, applications might be devised to predict the activity and safety of drug molecules in the human body or to lead to more accurate modeling of new battery
designs or fusion reactors.
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The Geneva Science and Diplomacy Anticipator Foundation is proud to join with XPRIZE and Google in launching a global prize that is designed to generate quantum computing
algorithms that can be put into practice to help solve real world challenges such as those outlined in the UN’s Sustainable Development Goals,” said Peter Brabeck-Letmathe, the Chairman of the Geneva Science and Diplomacy Anticipator (GESDA). ¨¨“The prize aligns perfectly with the Open Quantum Institute (OQI), a science diplomacy
solution that was born at GESDA, hosted at CERN, and supported by UBS to ensure that
quantum computing will be put to use in ways that benefit everyone,” he said.
The competition will last three years and reward teams that submit the best projects. A
prize sum of $5 million has been allocated for this purpose.
Discussions between XPRIZE and GESDA prompted the competition, which also has
received decisive support from Google, the title sponsor. It is being launched at the same
time as the OQI, which was created by GESDA and is now part of CERN.
The OQI is a global platform for the application of solutions generated by quantum
computers, mainly to accelerate the achievement of the United Nations’ 17 Sustainable
Development Goals for 2030. The SDGs, adopted by the UN General Assembly in 2015, are
t he world’s only commonly accepted blueprint for universal peace and prosperity.
Quantum technologies are paving the way for emerging markets and industries and are
expected to unleash considerable economic potential. Quantum advances are estimated
to contribute US$850 billion to the global economy by 2040.
GESDA’s aim is to ensure that as many people as possible will benefit from the immense
possibilities offered by this technology.
Researchers interested in taking part in the competition launched by XPRIZE with the
support of Google and GESDA can find out more about the conditions of participation
and register on the XPRIZE web page .
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The range of possibilities is broad. The key to participation is to propose quantum
The range of possibilities is broad. The key to participation is to propose quantum algorithms and applications that serve the public good in fields such as drug discovery, algorithms and applications that serve the public good in fields such as drug discovery, industrial chemistry and sustainable technologies.industrial chemistry and sustainable technologies.
XPRIZE is a CaliforniaPRIZE is a California–based company that designs and manages largebased company that designs and manages large–scale scale competitions open to technical and scientific teams, with the aim of encouraging new competitions open to technical and scientific teams, with the aim of encouraging new technological developments likely to bring “radical breakthroughs for the benefit of technological developments likely to bring “radical breakthroughs for the benefit of humanity”. Ithumanity”. It is looking to expand in Europe, with projects in Scotland and Geneva in is looking to expand in Europe, with projects in Scotland and Geneva in particular.particular.
In all, XPRIZE has launched 29 prizes in as many years and its
In all, XPRIZE has launched 29 prizes in as many years and its competitions have competitions have collectively launched over US$500 million in aggregate prizes.collectively launched over US$500 million in aggregate prizes.
Those have involved around 10,000 innovators, scientists, and entrepreneurs who seek to 0,000 innovators, scientists, and entrepreneurs who seek to solve global challenges.solve global challenges.
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Jean-Marc Crevoisier, Director of Communication and Marketing of the GESDA Foundation + 41 79 763 84 10 – email: jean-marc.crevoisier@gesda.global
For more information, please visit the Foundation’s website:
www.gesda.globa
www.gesda.global
Download the Press Release: GESDA_Press Release_23 EN
