Quantum diamonds will soon be ‘Made in Australia’, with the National Reconstruction Fund Corporation (NRFC) announcing $13 million to deliver a quantum leap in Australia’s manufacturing capability.
Minister for Industry and Science Ed Husic today welcomed the investment in Quantum Brilliance (QB) to build Australia’s first quantum diamond foundry.
Lab grown diamonds are the key component of QB’s quantum accelerators which enable the precise fabrication of quantum bits, or qubits, which power computers and sensors.
Quantum technologies will usher in a new generation of computers that will be thousands of times faster and more powerful than current computers.
The technologies have significant potential uses in national security, aerospace, healthcare, transport, civil engineering and mining industries.
The funding injection will enable QB to manufacture its diamond technology in Australia, delivering more highly skilled jobs and strengthening nation’s position as a significant player in the global quantum technologies supply chain.
Australia’s quantum technology industry is projected to be worth $6 billion and employ 19,400 Australians by 2045.
This is the second investment under the NRF, which is administered at arms-length from Government by the National Reconstruction Fund Corporation.
