SC Ventures and Fujitsu Join Forces to Incubate Project Quanta

SC Ventures by Standard Chartered Bank, which builds  and invests in breakthrough ventures in and beyond banking, together with  Fujitsu, a leading developer of quantum software and hardware, are set to join  forces on September 25 to incubate Project Quanta. The project will integrate  multiple software and hardware technologies to provide clients a platform to  rapidly explore, develop and integrate quantum computing and quantum inspired applications. 

The joint venture will leverage Fujitsu’s expertise in quantum computing R&D  and software-and-algorithm development as well as insights gained through  the development of its superconducting quantum computer. It will bring this  expertise together with SC Ventures’ venture building prowess and deep  

insights into financial institutions to accelerate the development of quantum  use cases, intellectual property, resources and value. 

In this platform, in addition to the development environment, it provides pre built algorithms in areas such as fraud detection, risk simulations, derivative  pricing, and credit decision, enabling users to develop their own algorithms. We  also provide access to data and backend hardware, allowing users to test their  algorithms. 

This project will utilize Fujitsu’s quantum computing technology. Fujitsu has  been developing quantum computing capabilities through both software and  hardware advancements utilizing multiple joint research initiatives. Based on  the collaboration with RIKEN, Fujitsu is currently developing a 1,000-qubit  superconducting quantum computer, scheduled to begin operation in fiscal  2026. 

Looking ahead, the company is also planning the development of a plus-10,000  qubit (250 logical qubit) superconducting quantum computer by fiscal 2030. 

Ventures, comments: 

“The current quantum development industry is fragmented with some  companies excelling at hardware integration while others are better at  quantum algorithm building tools. By joining forces with Fujitsu, we want to  unlock quantum resources and talent on one platform for corporates looking to  scale their quantum capabilities.” 

Stafford Bond, Head of Growth Investments, Fujitsu Services Limited,  comments: 

“At Fujitsu, we are committed to solving the world’s most complex challenges  through innovation and collaboration. Partnering with SC Ventures on Project  Quanta represents a bold step toward democratising access to quantum  capabilities and realising true quantum advantage. By combining our expertise  in quantum technologies and integration with SC Ventures’ deep industry  insight and venture building pedigree, we aim to accelerate the practical  application of quantum technologies and unlock transformative value for  businesses.”