Australian industry quantum alliance formed

Local and global leaders in Australia’s quantum industry have come together with the Tech Council of Australia to launch a new group called the Australian Quantum Alliance (AQA) which builds on our decades-long investment in quantum technology R&D and business development.

The AQA will be the voice of the quantum industry in Australia, according to an announcement. The mission of the AQA is to promote, strengthen and connect Australia’s quantum ecosystem. The AQA is being launched under the auspices of the Tech Council of Australia, the peak body representing Australia’s tech sector.

Quantum alliance members are Quantum Brilliance, Silicon Quantum Computing, Q-CTRL, Quantum Brilliance, Nomad Atomics, diraq, Rigetti, Google and Microsoft.

TCA CEO Kate Pounder said: “Australia is leading the world in quantum research.

“Now we need to lead in commercialising that research by creating, scaling and attracting world-leading quantum companies in Australia. The AQA will help ensure that Australia maintains its head start in the global quantum race.”

The AQA’s formation recognises the global potential and growing impact of the quantum sector in Australia, and provides a way for industry to impact the Australian Government’s Quantum Strategy, the regulation of critical technologies, the design of the proposed Critical Technologies Fund, and skills and migration.

New research released by the Tech Council highlights that the quantum industry is one of Australia’s most high-potential emerging sectors.

More than three percent of global quantum start-ups originate in Australia, compared to 1.7 percent of start-ups on average.

The Australian quantum industry is attracting 3.6 percent of all global VC investment in the quantum industry, well in excess of Australia’s global GDP share of 1.6 percent.

Australia is also successfully attracting investment in quantum research and development from some of the world’s most significant global companies.

Alliance founder and CEO Vikram Sharma said the alliance was the culmination of a year’s collaboration between quantum industry stakeholders and the government.

Sharma said: “With the prowess of the TCA, we hope to collectively drive the development of a vibrant quantum industry, provide guidance to the government on the development of the industry, help corporate decision makers understand and adopt quantum technology, and build strong domestic and international partnerships for the greatest national benefit to Australia.”

Picture: techcouncil.com.au