As China and the U.S. spearhead the research and development of their own quantum systems, Australia has announced a $111 million plan to secure the development, commercialisation and adoption of the tech across defence, national security, and many other industries. Australia’s quantum leap includes a $70 million Quantum Commercialisation Hub that will facilitate research with the United States, the United Kingdom and other allies to bring the nation’s tech to a global stage. “This investment will help secure future economic opportunities for Australian businesses, create local jobs, and importantly, it will help keep Australians safe,” Prime Minister Scott Morrison said in his announcement. It is estimated that the development, commercialisation, and adoption of quantum technologies can deliver Australia AU$4 billion in economic value and create 16,000 new jobs by 2040. Quantum tech is just one of the nine priority fields in the Critical Technology Blueprint and Action Plan. “The Blueprint sets …
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