Australia’s first National Quantum Strategy, unveiled by Minister for Industry and Science Ed Husic, lays out a long-term vision for how Australia can seize the potential presented by quantum technologies.
By 2045, it is predicted that quantum industries will generate $5.9 billion in revenue and up to 19,400 direct jobs.
First National Quantum Strategy
A new approach to direct cooperation between research trailblazers, industrial partners, entrepreneurs, and the government is called the National Quantum approach.
The National Quantum Advisory Committee and Australia’s Chief Scientist, Dr. Cathy Foley, led extensive consultations with representatives from business, academia, and the general public. The strategy is to establish Australia as a leader in technology while strengthening the economy and generating long-term employment.
- Australia‘s first National Quantum Strategy, unveiled by Minister for Industry and Science Ed Husic.
- By 2045, it is predicted that quantum industries will generate $5.9 billion in revenue.
- The approach is a crucial step in securing Australia’s leadership in this important industry.
The industry has already benefited much from quantum sensing technology, and quantum computing will unleash immense computational capacity that will surpass that of regular computers.
The Australian Quantum Alliance, housed by the Tech Council of Australia (TCA), has welcomed the publication of a new plan to solidify Australia’s leadership in this important industry.
The approach, according to CEO Kate Pounder, is a crucial step in securing Australia’s leadership in this important industry.
According to Pounder, Australia is now home to more than 3% of global quantum companies and draws 3.6% of worldwide venture capital investment, and the country’s prominence in the field has been a result of decades of strong government backing.
The University of Sydney’s Professor Emma Johnston also reacted to the news, calling it “heartening to see such an ambitious strategy for quantum technologies” and saying she was looking forward to working with the Australian Government to fulfil the promise of quantum technologies.