Quantum Investment a Smart Money Bet

Today’s $111 million investment to develop and commercialise quantum technologies will help propel Australia’s global lead in this game-changing capability.

The funding for a quantum commercialisation hub and a new national quantum strategy driven by Australia’s Chief Scientist will draw together major players from research and industry to seize national advantage. 

Science & Technology Australia said the latest investment in quantum was “a smart money bet” - and applauded the appointment of Dr Cathy Foley to lead the initiative.

“Australia is a world leader in quantum technology - and we should drive home that lead with a coordinated national strategy,” said Science & Technology Australia CEO Misha Schubert.

“Quantum technologies don’t just hold the promise of computing at unimaginably fast processing times - they could transform industries like healthcare and manufacturing to give Australia a serious strategic advantage.”

“A coordinated national strategy can bring together cutting-edge researchers and a wave of new Australian quantum companies to secure that national advantage.”

“Few people know as much about quantum and the promise it holds for Australia as Cathy Foley - she’s a leading researcher with a deep understanding of how to take promising technologies through to commercialisation at scale.”

STA represents 90,000 science and technology professionals spanning the research system, the private sector, commercialisation hubs and deep-tech startups. 

The Federal Government will invest $111 million - including $70 million for a Quantum Commercialisation Hub, the development of a National Quantum Strategy, and a new National Committee on Quantum to be led by Dr Foley.

Source: https://scienceandtechnologyaustralia.org.au/

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