IQM Quantum Computers has established its first US Quantum Technology Center at the University of Maryland’s Discovery District research park.

The company will work with the state’s Capital of Quantum (CoQ) initiative on the project – a public-private partnership between the State of Maryland, the University of Maryland, and private and federal partners.

Launched in January 2025, the CoQ project hopes to unlock more than $1 billion in investments over a five-year period in an effort to drive commercial innovation and build both regional and national quantum critical infrastructure.

In a statement, IQM said the new facility will allow it to work closely with local startups, academic institutions, and federal partners to accelerate the deployment of advanced quantum technologies. By locating the center in the Discovery District, the company noted it will be close to the federal research community, including the National Institute of Standards and Technology (NIST), NASA Goddard, the University of Maryland’s Applied Research Laboratory for Intelligence and Security, and Johns Hopkins’ Applied Physics Laboratory.

Commenting on the announcement, CEO and co-founder of IQM Quantum Computers, Jan Goetz, said: “The United States is one of the world’s most important quantum markets. College Park connects us to the federal research community and the quantum ecosystem being built around it. This is the right place to grow our US presence.”

Dr. Corey Stambaugh, director of the Capital of Quantum, added: “We are excited to welcome IQM to College Park’s Discovery District as they establish their first US Quantum Technology Center. Maryland is focused on building deep and meaningful partnerships with global leaders like IQM, positioning the Capital of Quantum as a premier destination for quantum innovation and commercialization.”

Founded in Helsinki, Finland, in 2018, IQM brings full-stack quantum computers and applications to HPCs, research institutes, universities, and business enterprises. The company operates quantum data centers in Finland and Munich, Germany, offering cloud-based access to its systems. It has delivered quantum systems to supercomputing centers in South Korea, Poland, Italy, and Taiwan.

In February 2026, IQM announced plans to go public via a Special Purpose Acquisition Company (SPAC) merger with Nasdaq-listed Real Asset Acquisition Corp. (RAAQ). The transaction provides IQM with a pre-money valuation of $1.8bn, while the listing will see it become the first publicly traded European quantum company.