Australian Industry and Science Minister Ed Husic. Source: AAP Image/Lukas Coch
The Australian government has opened a $36 million grant program aimed at the quantum sector. The Critical Technologies Challenge Program (CTCP) is designed to support and accelerate the commercialisation of quantum solutions.
According to the government, the idea is to provide funding to early-stage quantum tech where private capital can be difficult to secure.
The grant is structured in two stages: the first stage offers up to $500,000 in funding for feasibility projects, while the second stage invites successful applicants to apply for an additional $5 million for technology demonstrator projects and proof of concept.
This program builds on previous government investments in the quantum sector since it introduced its quantum strategy ahead of the 2023-24 federal budget.
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