The Albanese government has unveiled its first quantum strategy. 

The government says Australia is a pioneer in cutting-edge quantum research, but now needs to translate that advantage into thriving quantum industries that boost economic competitiveness and help solve national challenges.

Quantum technology uses the study of the smallest building blocks in nature, subatomic particles, to create systems that can cut the time and cost of developing new medicines, help the transition to net zero with more efficient battery storage, and safeguard cyber infrastructure.

Australia’s first National Quantum Strategy is linked to the Albanese Government’s National Reconstruction Fund, which will provide targeted investment of $1 billion for critical technologies, including quantum systems.

The strategy is intended to help guide collaboration between research pioneers, industry partners, start-ups and the government into the future.

It identifies five priority areas: Investing in research and development and commercialisation, securing infrastructure and materials, growing a skilled workforce, supporting national interests and promoting a trusted, ethical, inclusive ecosystem.

The document follows extensive consultation across industry, researchers and the community led by Australia’s Chief Scientist Dr Cathy Foley and with guidance from the National Quantum Advisory Committee.

“If Australia gets this right, it’s estimated quantum industries could create 19,400 direct jobs, with $5.9 billion of revenue by 2045,” says Ed Husic, Minister for Industry and Science. 

The National Quantum Strategy is accessible here.