Nearly $55 million worth of quantum industry grants will start flowing from next year through a new national growth centre and challenge programs, as the government looks to seize “a new economic opportunity for the nation”.
The two programs – a technology centrepiece of the May budget – represent the first tangible action out of Australia’s new National Quantum Strategy released last month and come after decades of world leading university research into quantum.
Rather than more research or government procurement, Australia’s two new quantum programs are aimed squarely at helping the emerging companies get to commercial markets while catalysing demand and awareness.
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