Rotman Creative Destruction Lab Partners with Rigetti Computing

first_img regions: Toronto The Rotman School of Management in Toronto is working with Rigetti Computing, a quantum computing company, on a new program to develop quantum machine learning software.The partnership is with the Creative Destruction Lab, in particular, which announced its Quantum Machine Learning Program earlier this year. Now, the lab is building on its already accomplished work in accelerating machine learning startups. Quantum computing is the next step in computing and may prove better than classical computing soon.“We announced the Quantum Machine Learning Program earlier this year with founding technology partner D-Wave Systems, and since then, the interest from applicants, investors, and technology partners has exceeded our expectations,” said Daniel Mulet, Associate Director of the lab’s program, in a press release. “The partnership with Rigetti expands the options of quantum systems available for algorithm development for the companies in our program.” Within the program, Rigetti will be offering training for its Forest programming environment, which offers tools for experimental quantum programming.The Creative Destruction Lab launched at the Rotman School in 2012 and has fostered many successful business leaders since then. including the founders of Kik, Bloomberg Beta, and LocoMobi. The lab received many applications for people interested in taking part in the Quantum Machine Learning Program, choosing 40 individuals and teams to begin in the program starting Sept. 5.Startups that participate in the program can receive up to $80,000 in pre-seed investment. Rotman’s MBA students will also offer their advice in business development and implementation. The school is merging its business and technology expertise to bring forth a new program that has the ability to change the way computing operates in the modern world.“Quantum machine learning will power some of the most impactful and exciting near-term applications of quantum computing. The startups at the [lab] are at the leading edge of this technology and will get early access to Rigetti’s general-purpose quantum hardware and to Forest, one of the most sophisticated quantum programming environments in the world,” said Madhav Thattai, Rigetti’s Chief Strategy Officer, in the press release. “We’re looking forward to working with these pioneering individuals and teams to help create and accelerate the quantum application ecosystem.” Rotman Creative Destruction Lab Partners with Rigetti Computing Last Updated Aug 28, 2017 by Yessenia FunesFacebookTwitterLinkedinemail center_img RelatedInside the University of Toronto’s Creative Destruction LabThe Creative Destruction Lab (CDL) at the University of Toronto Rotman School of Business is a seed-stage program created exclusively for scalable science-based companies. Launched in 2012, this program employs objectives-based mentoring to help maximize equity value creation for its ventures. The lab is best suited for early-stage companies, particularly those with links to…November 29, 2017In “Featured Home”MBA Graduate Joins Rotman as Lab Executive DirectorAt the Rotman School of Management at the University of Toronto, graduation can mean a new position with the school itself, which is exactly what happened to Sonia Sennik. Sennik recently graduated from the school’s Executive MBA program, according to a press release. Now, she’s joining the business school as the…October 9, 2017In “Featured Region”U. Toronto Invests in Rotman Innovation, Data, and EntrepreneurshipInnovation, entrepreneurship, data, and analytics all play significant roles at the University of Toronto’s Rotman School of Management. As a global center for research and academic excellence in business and society, Rotman is known for bringing together diverse views and initiatives. So, it should be no surprise that this month…October 24, 2018In “Featured Home” About the AuthorYessenia FunesView more posts by Yessenia Funes last_img