The Australian Government has announced its key measures to grow Australia’s quantum industry.
The government is investing in a Quantum Commercialisation Hub to:
- form strategic international partnerships
- commercialise Australia’s quantum research
- help Australian businesses access new markets and investors.
It is also funding a ³Ô¹ÏÍøÕ¾ Quantum Strategy to outline Australia’s vision for the quantum industry. Australia’s Chief Scientist Dr Cathy Foley will guide the strategy as chair of the ³Ô¹ÏÍøÕ¾ Committee on Quantum. Committee members will include industry and academic experts.
This investment aims to support the development, commercialisation and adoption of quantum technologies in Australia.
Quantum is one of 9 technologies for initial focus in the government’s Blueprint and Action Plan for Critical Technologies. The government also highlighted quantum as a key emerging technology in the Digital Economy Strategy.
Advances in quantum may improve Australia’s:
- communication networks
- defence and national security capabilities
- mining and manufacturing precision sensors
- quantum computing capacity.
Growing Australia’s quantum industry has the potential to add $4 billion and 16,000 new jobs to the economy by 2040.
