Newport joins with partners in “Quantum and Alternative Computing Center” proposal

entangled_veiu1x March 21, 2018
 Newport joins with partners in “Quantum and Alternative Computing Center” proposal

NEWPORT, R.I. — The city has joined with internationally known corporate partners in a proposal to create a “Quantum and Alternative Computing Center” in the north end on a 5.3-acre lot owned by the city on John H. Chafee Boulevard.

If the state selects the project from a total of 16 proposals that it received on Friday, the research center would be constructed in an 18- to 24-month period beginning in late summer, said Paul Carroll, the city’s director of civic investment.

The lead partner is the Entanglement Research Institute, or eRI, that has an office in Newport and whose chairman is Jason Turner, a Rhode Island native. The chief executive officer is Peter Tseronis, who has served as chief technology officer for the federal departments of energy and education, Carroll said.

The city is requesting $11.5 million from a $20 million bond approved by the state’s voters in November 2016, to create an “Innovation Campus” or campuses.

The quantum computing center is a $100 million to $120 million project, so the ratio of private-to-public funding would be about 10-to-1, Carroll said.

A committee made up of representatives of the state Executive Office of Commerce and the University of Rhode Island will review the proposals and make recommendations to the Executive Office of Commerce. It is expected that successful applicants will be chosen and announced this summer.

Among the partners who have signed on to the city’s project is D-Wave Government Inc., a leader in the development and delivery of quantum computing systems and software, and the world’s only commercial supplier of quantum computers so far, according to the firm’s website.

Click here for the full article at the Newport Daily News: