Gov’t invests $18.4M in new quantum growth hub at University of Sydney

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The Australian Government has allocated $18.4 million to the University of Sydney for the establishment of a groundbreaking national centre aimed at fostering growth within the country’s quantum industry.

Through the Australian Centre for Quantum Growth program, the University of Sydney secured the funding following a competitive grant application process.

Dubbed Quantum Australia, the new centre is poised to serve as a crucial hub, acting as a ‘single front door’ for Australia’s burgeoning quantum sector.

“We’re determined to draw on our nation’s incredible quantum talent to help deliver a future made in Australia,” said Industry and Science Minister Ed Husic.

He added, “I’m happy to let you know the Albanese government has selected Quantum Australia to run the centre: a consortium bringing together industry and science to help boost our quantum edge.”

The hub’s primary objectives include bolstering the advancement and commercialisation of quantum technologies.

It aims to forge connections across the quantum ecosystem and promote public awareness and understanding of quantum technologies.

Additionally, it advocates for responsible and inclusive development within the field while seeking to fortify Australia’s standing as a global leader in quantum innovation.

According to the government, this substantial financial injection will play a crucial role in realising the ambitions outlined in the National Quantum Strategy, which envisions a robust and vibrant quantum industry within Australia.

By supporting Quantum Australia, the government said it aims to catalyse a transformative shift in the nation’s technological landscape, ensuring that Australia remains at the forefront of quantum research, development, and commercialisation on the global stage.