Tech Council of Australia Welcomes National Quantum Strategy

The Tech Council of Australia (TCA) welcomes the Australian Government’s National Quantum Strategy (the strategy) released today by the Hon. Ed Husic MP,  Minister for Industry and Science. The strategy outlines a roadmap for the future of quantum technology in Australia.

Kate Pounder, TCA CEO, said the strategy is a pivotal step in cementing Australia’s leadership in this critical sector.

“The Tech Council of Australia, home to the Australian Quantum Alliance, welcomes the Government’s release of the National Quantum Strategy. The National Quantum Strategy provides national leadership at a crucial time for Australia’s quantum industry.”

“Quantum technology is at an inflection point. Australia is a leader in the research and development of quantum technology. We have built leading homegrown companies, and attracted some of the world’s leading global companies in quantum to undertake research in Australia.”

Ms Pounder said “This strategy is an important step for Australia and highlights the significant opportunity for increased commercialisation of quantum technologies.”

“The strategy builds on the momentum from the Australian Government’s $1 billion commitment to critical technologies under the National Reconstruction Fund, the recent announcement of a $3.4 billion Advanced Strategic Capabilities Accelerator in response to the Defence Strategic Review, and the Australian Quantum Graduates Program.” 

“Our challenge is to now become a leader in commercialisation. Early commercialisation will deliver billions of dollars in economic value and thousands of jobs by 2030 globally and in Australia, while supporting our strategic and national security objectives.”

“We welcome the strategy’s focus on improving investment and commercialisation opportunities for quantum in Australia as these are crucial to get right.” 

“We have strong foundations to build a globally successful quantum sector right here in Australia – we are already home to more than 3% of global quantum start-ups and are attracting 3.6% of global venture capital investment, well above our 1.6% share of global GDP.”

“Our strength in quantum has been the product of strong government support for decades, and we look forward to working with the Government to build on these existing measures and help propel our quantum sector toward an even brighter future.”

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