Australia Unveils Quantum Strategy to Boost Economy and Jobs
The Tech Council of Australia (TCA) has applauded the Australian Government's newly unveiled National Quantum Strategy. The roadmap outlines a clear path for the future of quantum technology in the country, building upon existing commitments and solidifying Australia's leadership in the field.
Australia is already a significant player in quantum research and development, boasting more than 3% of global quantum start-ups and attracting 3.6% of global venture capital investment in the sector. The new strategy, published by the Australian Department of Industry, Science and Resources, aims to further boost these numbers and increase commercialisation of quantum technologies.
Kate Pounder, CEO of the TCA, hailed the strategy as a pivotal step, stating that it could deliver billions in economic value and thousands of jobs by 2030 through early commercialisation. The strategy builds on previous government commitments, including the National Reconstruction Fund and the Australian Quantum Graduates Program, demonstrating a consistent approach to fostering growth in the sector.
The TCA looks forward to collaborating with the government to further strengthen Australia's quantum sector. With a robust roadmap in place, the country is well-positioned to continue its leadership in quantum technology, attracting investment, and creating jobs.
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