Press release Classiq Technologies, 16 May 2022
The Classiq Coding Competition rewards those that create highly-efficient quantum circuits to solve important real-world problems. It is the first competition focused on quantum efficiency. Quantum computers have limited resources, so building compact, optimized solutions that can make maximum use of those resources is critical.
The Competition consists of four problems and will award 17 cash prizes totaling $25,000. The top entry for each of the four problems will receive $3,000, while $1,500 and $500 will be awarded for the second and third places in each problem. Classiq will also award several $1,000 prizes to creators of the best innovative solutions as well as to the most promising youth participants under the age of 18. In addition, first-place winners will be profiled in The Quantum Insider.