Maryland Patent of the Month – September 2023
IonQ, Inc. is set on bringing quantum computing to real-world applications. To achieve this, the company is working to build the world’s best quantum computers to solve the world’s most complex problems.
In line with this effort, the company has recently patented a method aimed at revolutionizing the way simultaneous entangling gate operations are performed in a trapped-ion quantum computer.
At the heart of this innovation is a method that allows for the simultaneous entanglement of multiple pairs of ions within a chain of trapped ions. In quantum computing, entanglement is a fundamental concept where the quantum states of particles become correlated in such a way that their properties are interconnected, even when separated by vast distances.
Here’s a simplified breakdown of what IonQ’s invention entails:
Imagine a chain of trapped ions, each having two distinct states that define a qubit, the fundamental unit of quantum information. IonQ employs lasers to interact with these ions. These lasers are split into multiple non-copropagating laser beams, which are directed at each ion. The laser beams induce Rabi flopping of the ions between their two hyperfine states, effectively preparing them for quantum computation. IonQ’s method then computes a set of amplitudes for a series of pulses that will entangle multiple pairs of ions in the chain simultaneously. This is a game-changer, as traditional methods require complex and resource-intensive operations for each entanglement.
The method carefully selects amplitudes for each pulse, ensuring that only the desired pairs of ions become entangled, while others are decoupled. This precision is vital for minimizing errors and resource usage. These entangled ions are then used to perform quantum computations. The results are measured by observing the population of qubit states. To top it off, IonQ employs digital computers with specially crafted software to control and optimize the quantum operations. This ensures that the quantum algorithm is executed flawlessly.
Quantum computing holds immense potential, from solving complex problems in cryptography and drug discovery to optimizing supply chains and simulating quantum systems. IonQ’s invention streamlines the process, making it more efficient and scalable.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
Are you eligible?
Why choose us?
Pass an Audit?
What is the R&D Tax Credit?
The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
R&D Tax Credit Preparation Services
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.
R&D Tax Credit Audit Advisory Services
creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.
Our Fees
Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/
Choose your state
