• Thu. Mar 30th, 2023

NSW Bolsters Quantum Ecosystem With $7 Million Commercialization Fund


Jan 23, 2023

Minister for Science, Innovation and Know-how Alister Henskens mentioned NSW’s quantum ecosystem is uniquely positioned to be a world chief of quantum applied sciences.

“Because of the NSW Authorities’s strategic funding over the previous decade, NSW is main the nation in quantum analysis and growth, boasting world-leading corporations similar to Silicon Quantum Computing, Diraq and Q-CTRL,” Mr Henskens mentioned. “Our 20-Yr R&D Roadmap not too long ago recognized our world class quantum ecosystem as an space of aggressive benefit, and we wish to assist our State flourish on this space to create new jobs and industries which can develop the financial system and assist safe a brighter future for the folks of NSW.

“This fund will goal each startups and present deep-tech corporations to make sure that modern initiatives are accelerated in the direction of commercialising quantum computing, sustaining our momentum and reinforcing NSW’s place as a world quantum centre of excellence.”

NSW Chief Scientist & Engineer Professor Hugh Durrant-Whyte mentioned the Fund would help corporations with quantum computing {hardware} or software program inside Know-how Readiness Stage 3 – 7, to assist them develop their expertise and appeal to large-scale non-public funding.

“The quantum expertise business has the potential to generate as much as $4 billion in income and create 16,000 jobs by 2040,” Professor Durrant-Whyte mentioned. “Quantum expertise is already revolutionising many points of our society and financial system, together with transport, well being care, monetary providers, defence, climate modelling and cybersecurity.”

Additional info, together with pointers and an internet utility type, may be discovered on the Quantum Computing Commercialisation Fund L.

Purposes shut at 10am AEDT 2 February 2023.

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