Rigetti(US:RGTI) Globenewswire·2025-04-22 12:00Core Insights - Rigetti, in collaboration with Riverlane and the National Quantum Computing Centre (NQCC), has won Innovate UK's Quantum Missions pilot competition to enhance quantum error correction capabilities on superconducting quantum computers [1][2][3] - The project, with a budget of £3.5 million, aims to address critical challenges in achieving fault-tolerant quantum computing by developing key capabilities for executing numerous quantum operations [3][4] - Rigetti plans to upgrade its existing quantum computer at NQCC, with Riverlane leading the quantum error correction experiments [4][5] Project Details - The consortium will leverage Rigetti's superconducting quantum computer hosted at NQCC to conduct ambitious quantum error correction tests [2][3] - The project aims to improve key performance metrics such as throughput, latency, and decoding accuracy essential for real-time error correction [5][6] - Rigetti has also been awarded two additional projects under the Quantum Missions pilot competition, including deploying a larger 36-qubit quantum processing unit and integrating a new control system [6][7] Industry Context - Fault-tolerant quantum computing is expected to revolutionize computational power for solving real-world problems, necessitating effective integration of quantum error correction with quantum technology [3] - The Quantum Missions pilot competition is designed to accelerate quantum computing and networking projects by enhancing their capabilities and facilitating commercialization [5][8] - Rigetti's leadership in the UK's quantum computing ecosystem is underscored by its initiatives, including launching the first operational quantum computer at NQCC and leading a £10 million consortium for deploying UK-based quantum computers [8][9]