Insider Brief<\/p>\n
Quantum Australia reported that its national programs generated $83.1 million in estimated economic value over five years while supporting new commercial activity in the quantum sector. <\/p>\n
The organization said its programs helped create 15 quantum companies, establish 110 industry-research partnerships, and facilitate more than $50 million in grant funding for quantum use cases. <\/p>\n
Six early-stage quantum startups showcased technologies spanning quantum sensing, secure communications, logistics, critical infrastructure, and quantum computing at the Quantum Australia Showcase.<\/p>\n
Press release \u2013 New independent modelling has been released that shows\u00a0Quantum Australia<\/a>\u2018s national programs have created $83.1 million in economic value while supporting more than six times the public investment in economy-wide activity.<\/p>\n This figure, calculated by independent consultancy\u00a0Avant Group<\/a>\u00a0as net present value over five years, spans grant and industry funding mobilised, private investment leveraged, and commercial contracts sign\u00e5ed through Quantum Australia<\/a> programs in just two years.<\/p>\n Further data also revealed Quantum Australia<\/a> has also helped create 15 new quantum companies, established 110 industry-research partnerships, and facilitated over $50 million in grant funding for quantum use-cases across critical industries.<\/p>\n The figures were released during Australia\u2019s first national quantum startup showcase, the Quantum Australia<\/a> Showcase, held at New Parliament House in Canberra to demonstrate how national coordination is accelerating the commercialisation and adoption of Australian quantum technologies.<\/p>\n The showcase brought together organisations and leaders from across Australia\u2019s quantum ecosystem, including researchers, industry, investors, government, and end users from a broad range of critical industries.<\/p>\n As part of the event, six early-stage quantum ventures from those programs showcased their investment-ready technologies with the potential to transform healthcare, logistics, critical infrastructure, secure communications, and quantum computing:<\/p>\n FeBI Technologies uses quantum sensing to give clinicians an accurate, low-cost measure of a patient\u2019s true iron status.<\/p>\n QFactorial cuts kilometres, fuel, and operating costs for freight, logistics, and mining operators.<\/p>\n SpaceCoLAB has built a briefcase-sized system that sends data as quantum states, so any interception collapses the link and triggers an alert.<\/p>\n Quantum Lock gives operators of critical infrastructure, from power stations to satellites, a way to prove whether a device has been tampered with.<\/p>\n Gridstate builds a plug-and-play module that helps photonic quantum computers correct errors fast enough to run reliably at scale.<\/p>\n Cirnetiq builds specialised amplifiers that boost the extremely faint signals inside quantum computers and other sensitive equipment, so they can be read clearly.<\/p>\n The showcase was attended by a Japanese delegation following the recent\u00a0signing<\/a>\u00a0of a Memorandum of Cooperation between Australia and Japan, creating a framework for closer collaboration in quantum research, innovation, talent, and commercialisation.<\/p>\n It also coincided with Quantum Australia<\/a> revealing a new team based in Canberra at the Australian National University, strengthening its presence in the nation\u2019s capital as it continues to coordinate quantum activity across states and territories.<\/p>\n The clear sector growth and commercial returns from public quantum funding shows the national investment in quantum is beginning to convert research strength into economic activity, according to Quantum Australia<\/a>.<\/p>\n