Australia’s government has set early 2024 as the target for the first round of feasibility grants for two new programs under the country’s inaugural quantum strategy. Dr. Cathy Foley, the lead scientist and developer of the strategy, provided additional details about the initiatives, which were established as part of the government’s $60 million investment in quantum technology.
The Australian Quantum Growth Centre and the Critical Technologies Challenges Program have been introduced as key drivers for Australia’s quantum sector. Foley highlighted the potential of this emerging technology to revolutionize various industries, citing estimates from CSIRO that suggest the industry could be valued at $6.1 billion and employ 19,000 Australians by 2045.
While both programs are still in early stages of development, they will soon be opened for wider feedback and advancement. Foley explained that the government needs to follow a formal process to develop grant guidelines for the programs.
Jacqueline Cooke, the manager for quantum growth at the Department of Industry, Science and Resources, stated that the first round of feasibility grants is expected to open for applications in early 2024, with successful technology demonstrator projects commencing from late 2025.
The Australian Quantum Growth Centre will provide up to $18.5 million in grant funding over four years to an existing organization, enabling the delivery of industry growth services to the quantum sector. These services may include supporting collaborative research and development opportunities, educational initiatives, international collaboration, and opportunities for export and investment. The Department will engage with the quantum industry and researchers to refine the program design and identify potential improvements.
The Critical Technologies Challenges Program will allocate up to $36 million in grant funding to address significant national challenges using quantum technologies, potentially in conjunction with other critical technologies such as robotics and artificial intelligence. This program will promote cooperation and collaboration among quantum researchers, startups, and the wider community through a challenge-based innovation approach. It aims to demonstrate Australian capabilities, stimulate private sector demand, and facilitate the adoption of quantum technology across various sectors. The grant will be delivered in two challenge rounds, each consisting of two stages.
Both programs signify the government’s commitment to fostering the growth of the quantum technology industry in Australia and realizing its potential for driving innovation and economic development.
