Microsoft and University of Copenhagen signed a long-term collaboration agreement here on Wednesday on the development of a general-purpose, scalable quantum computer.
According to the agreement, Microsoft is establishing state-of-the-art research and development laboratories at the University of Copenhagen's North Campus in close proximity to the Niels Bohr Institute.
Over the course of the new long-term agreement, more Microsoft employees will come and partner with University personnel in the development of a topological quantum computer, the first of its kind in the world.
Computers based on quantum technology have the potential to solve and execute complex mathematical calculations much faster than any existing computer built with ordinary bits.
Microsoft is also committing to significant quantum research funding at the University of Copenhagen, according to the agreement.
"The University of Copenhagen's quantum research contributes to placing Danish research at the very top, which was evidenced today by the IT giant, Microsoft, expanding its investment in a quantum development centre in Denmark," said the Danish Minister for Higher Education and Science, Soeren Pind.
"It is a perfect example of how a university can create value in collaboration with the business sector from all over the world," Pind added.
The agreement with Microsoft is the culmination of a sustained and extremely focused research partnership within quantum technology, said Thomas Bjoernholm, Prorector for Research and Innovation at the University of Copenhagen.
"We are very proud of this and are confident that it will reinforce a strengthened perception of Denmark as an attractive destination for international investments," Bjoernholm said.