Australian Centre for Quantum Growth receives $18.5 million investment from government

The Australian government for Quantum Growth, which will assist in expanding the nation’s quantum workforce and cultivate relationships with key international counterparts, has received an $18.5 million investment announcement from the government of Australia. 

“When it comes to quantum tech, we have some emerging firms here in Australia and we’re determined to build on that.  

Time and again Australia has been at the front of the pack in emerging tech only to see that lead fritter away, without proper investment and support,” said Minister for Industry and Science, Ed Husic. 

A “single front door” for domestic and international customers to interact with researchers and quantum businesses will be made possible by the investment, which will benefit the nation’s quantum industry. 

The funding also aims to educate the public about quantum technologies and the potential economic benefits of their adoption. 

“Australia is one of the world’s top quantum destinations, based on decades of research excellence that’s translating into us having the fifth largest quantum workforce in the world.  

Alongside the opening of the Industry Growth Program and sign-off of the NRF’s Investment Mandate, this is part of the Albanese Government’s vision for a Future Made in Australia,” Minister Husic added. 

The venture is following drives in Australia’s National Quantum Strategy and its vision to support financial competitiveness and assist with tackling a portion of the country’s greatest difficulties.