10 December 2024 – The Tech Council of Australia welcomes the National Reconstruction Fund’s (NRF) investment in Quantum Brilliance.
The NRF’s investment in one of Australia’s world-leading quantum companies is a strong vote of confidence in our quantum sector, which has the potential to create a multi-billion dollar industry and thousands of jobs by 2030, according to the CSIRO.
Tech Council CEO Damian Kassabgi said the investment was an important step forward in growing Australia’s quantum industry.
“We are strong advocates for greater investment in our local quantum tech ecosystem. Earlier this year, the Tech Council called for more direct funding across Australia’s quantum businesses to compete with high levels of investment from competitor countries.”
“We look forward to continuing our work with the Government on behalf of the Australian quantum sector through the Australian Quantum Alliance (AQA), which we have established to deliver on the potential of Australia’s quantum industry, which governments have been investing in for decades.”
Mr Kassabgi said the investment in Quantum Brilliance, a member of the AQA, recognised the calibre of quantum technology and innovation in Australia.
“Quantum Brilliance is an exciting Australian success story with an opportunity to deliver small, mass-deployable quantum devices to the global market,” he said.
“It shows what our quantum industry is capable of when companies in key strategic sectors are supported by government, and have access to the funding and investment they need to scale.”
