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Quantum Tech Manufacturing Boosted by $50M Investment

by David Collins
1 year ago
in Technology
Reading Time: 3 mins read
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The Queensland Government has unveiled an ambitious strategy to position the state as a global leader in quantum and advanced technologies manufacturing. This initiative, supported by an $83.7 million investment over five years outlined in the 2024-25 Budget, aims to establish Queensland as ‘The Quantum State.’

Minister for Innovation and Science, Leanne Linard, emphasized the commitment to advancing quantum technology and positioning Queensland as a provider of deep technology solutions for global opportunities and challenges.

Quantum Tech Manufacturing Boosted by $50M Investment

Quantum Commercialisation Infrastructure Program

The government has allocated $20 million to the Quantum Commercialisation Infrastructure Program. This program aims to strengthen manufacturing infrastructure for quantum technology. By investing in cutting-edge facilities, Queensland seeks to attract and retain skills in quantum science, fostering innovation and economic growth.

Co-Investment Fund for Manufacturing Advancements

To encourage collaboration and investment, the $15 million Co-Investment Fund focuses on manufacturing advancements. By partnering with industry players, Queensland aims to accelerate the adoption of quantum technologies. The fund will drive research, development, and commercialization efforts, ensuring Queensland remains at the forefront of technological innovation.

Quantum Decarbonisation Mission

Addressing climate change is a priority. The $10 million Quantum Decarbonisation Mission aims to enhance manufacturing processes for renewable energy technologies. By leveraging quantum advancements, Queensland seeks to revolutionize energy production, reduce carbon emissions, and create a sustainable future.

Minister Linard expressed excitement about the potential impact of quantum technology, not only in decarbonization efforts but also in sports technology. As Queensland embraces its role as ‘The Quantum State,’ it lays the foundation for a resilient and prosperous economy.

David Collins

David Collins

David Collins is an accomplished author and experienced SEO consultant. His expertise in keyword research, on-page optimization, and link building has helped numerous businesses achieve organic growth. David's passion for writing and creativity shines through his work, as he explores various genres to engage readers.

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