Canadian Company Awarded as Technology Pioneer by World Economic Forum

This week Vancouver’s 1QBit, the world’s first quantum computing software company, was named as one of the World Economic Forum’s “technology pioneers”, a selection of the world’s most innovative companies.

1QBit is dedicated to connecting the power of quantum computation to real-world industry applications.

1QBit was chosen by a professional jury among hundreds of candidates as one of the 49 selected companies. The committee based its decisions on criteria including innovation, potential impact, working prototype, viability, and leadership.

The Technology Pioneers were selected from among hundreds of applicants by a selection committee of 68 academics, entrepreneurs, venture capitalists, and corporate executives. Past recipients include Google, Wikimedia, Mozilla, Kickstarter, and Dropbox.

RELATED: D-Wave Makes Cover of TIME Magazine for Quantum Computing Innovation

Thanks to this selection, 1QBit will have access to the most influential and sought-after business and political network in the world, and be invited to the World Economic Forum’s “Summer Davos” in Dalian, China this September, and the January Annual Meeting in Davos.

“We’re glad to see a Canadian company make it to the selection,” says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. 1QBit is part of a group of entrepreneurs who are more aware of the crucial challenges of the world around them, and who are determined to do their part to solve those challenges with their company.”

1QBit was founded by Andrew Fursman and Landon Downs in Vancouver and is supported by a strong network of investors including the Chicago Mercantile Exchange, D-Wave Systems, and the Royal Bank of Scotland.