CUCO project, financed by CDTI and supported by the Ministry of Science and Innovation under the Recovery, Transformation and Resilience Plan, emerges as the first large Quantum Computing project at both national and business level. It aims to make a progress in scientific and technological knowledge of Quantum Algorithms through the public-private collaboration among corporations, research centers and universities that will allow to boost the establishment of these technologies for its use in the medium term. Furthermore, it will help to identify a series of relevant use cases in the Spanish economy and make some concept tests based on that use cases to study whether Quantum Computing could outperform classical computing on meeting the business requirements.
In this context, use cases on Earth Observation, climate change and environmental issues, the traceability of information in the supply chain, optimization, simulation of financial complex calculations and SIGINT are to be investigated.
CUCO project, led by GMV, has a consortium made up of six companies: BBVA, DAS Photonics, GMV, Multiverse computing, Qilimanjaro Quantum Tech y Repsol; five research centres: BSC, CSIC, DIPC, ICFO and Tecnalia; and a public university: Universitat Politècnica de València. The project aims to do research on Quantum Computing and its application on strategic industries of the Spanish economy such as Energy, Financial, Space, Defence and Logistics.