News + Insights
IonQ, the world’s only publicly traded pure-play quantum computing company, headquartered in College Park, Maryland, is making quantum computing accessible and is valued at approximately $2.8 billion. Its strategic location within the University of Maryland’s Discovery District has positioned it at the forefront of quantum innovation, facilitating collaboration and access to cutting-edge research.
At IonQ, we firmly believe that the future of quantum relies on a strong partnership between industry and academia. QLab is a testament of our commitment to nurturing this collaboration, paving the way for students to be at the forefront of quantum research and development,” - Peter Chapman, CEO and president of IonQ.
Maryland’s strong foundation for quantum innovation, coupled with its proximity to federal research labs and access to funding sources, has created a thriving ecosystem. UMD, with nine quantum research centers and over 200 researchers, is a global leader in quantum research and applications. The Mid-Atlantic Quantum Alliance further enhances Maryland’s presence in quantum R&D and education.
UMD’s strategic collaborations with federal agencies like the National Institute of Standards and Technology (NIST), the Laboratory for Physical Sciences, and the Joint Quantum Institute, highlight its commitment to advancing quantum technologies.
A quantum launchpad within UMD’s Discovery District, the $20 million National Quantum Lab (Q-Lab), created in partnership with IonQ, provides access to cutting-edge quantum hardware. UMD’s collaboration with IonQ extends to the establishment of an IonQ Professorship, ensuring a continuous stream of top-tier talent for quantum companies.
UMD introduced the Quantum Startup Foundry (QSF) in 2021 to accelerate innovation and economic development within the regional quantum ecosystem. QSF connects with startups at the forefront of commercializing quantum technologies.
Ready to be part of the quantum ecosystem? Discovery Point, located just across from the UMD School of Engineering, offers companies direct access to top talent. Within UMD’s Discovery District and dynamic innovation environment, we offer office spaces tailored to support your quantum company’s growth to foster groundbreaking discoveries and advancements.