NSW is at the forefront of the quantum computing industry, poised for significant growth with a projected revenue of $6 billion by 2045. This emerging sector in the state has seen the rise of quantum startups stemming from local universities, attracting substantial investments. The quantum technology landscape in Australia is estimated to create over 19,400 new jobs by 2045, indicating a promising future for the industry.
Australia’s quantum capabilities have been built over three decades of dedicated research, with NSW playing a pivotal role. The state hosts leading quantum computing enterprises that have originated from its universities, highlighting the region’s expertise in quantum research and development. Notably, four prominent universities in NSW, including Macquarie University, University of New South Wales, University of Sydney, and University of Technology Sydney, have joined forces to establish the Sydney Quantum Academy (SQA). This collaborative effort focuses on providing advanced education and training in quantum technologies, nurturing the talent required to support the expanding quantum industry in the state.
Additionally, NSW boasts various research centers and facilities such as the ARC Centre of Excellence for Quantum Computation and Communication Technology (CQC2T), nodes of the ARC CoE for Engineered Quantum Systems (EQUS), and National Collaborative Research Infrastructure Scheme (NCRIS) facilities. These establishments, along with the recently announced Defense Trailblazer initiative, which includes a quantum focus, further solidify NSW’s position in the quantum computing domain.
Key statistics underline the significance of quantum technology in NSW and Australia as a whole. By 2030, the quantum technology industry in Australia is expected to reach a substantial economic forecast of $4.6 billion. NSW, with its concentration of universities excelling in quantum science, has secured 40% of Australian Research Council (ARC) funding in quantum science from 2014 to 2020. This underscores the state’s leadership in quantum research and innovation within the country.
Investment NSW stands ready to support businesses venturing into NSW, offering a range of services and incentives to facilitate growth and establishment in the state. From grants and programs to market insights and connections with stakeholders, Investment NSW provides tailored assistance to businesses seeking to thrive in NSW’s burgeoning quantum computing sector. The Business & Skilled Migration Program, part of Investment NSW, actively promotes the growth of tech industries by attracting digital technology capabilities and skills to the state.
Moreover, Investment NSW’s International Landing Pad initiative aids overseas technology companies in expanding into Australia by providing free office accommodations. This initiative, housed within the Sydney Startup Hub, acts as a launchpad for international businesses looking to enter the Australian market seamlessly, fostering a vibrant ecosystem for startups and fostering international collaborations.
In conclusion, NSW’s significant strides in quantum computing underscore its leading position in driving innovation and economic growth in the technology sector. With a robust ecosystem supporting quantum research and development, coupled with strategic initiatives to attract global businesses, NSW is poised to shape the future of quantum technology not only in Australia but on a global scale.
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