D-Wave Quantum Secures $1.6M NSF Grant for Fault-Tolerant Quantum Computing

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2026-07-01 00:53:02

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D-Wave Quantum (QBTS) has been awarded a $1.6 million grant by the National Science Foundation (NSF) under its National Quantum Virtual Laboratory program. The funding supports the company's involvement in the ERASE project, which aims to develop foundational technology for fault-tolerant quantum computing. This initiative includes collaboration with over 24 industry players, such as IonQ, Nvidia, and Quantinuum.

Despite the federal backing, QBTS stock has declined 8.9% in 2026 after a stellar performance in 2025. The company is now diversifying its focus to include gate-model computing alongside its established quantum annealing approach. The NSF recently injected an additional $4 million to advance the ERASE project into its next phase.

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