Quantum technologies will receive a $18 million boost to help improve First Nations health outcomes, strengthen biosecurity, tackle supply chain challenges and optimise energy networks.
Four nationally significant challenges will be the focus of Round 2 of the Australian Government's $36 million Critical Technologies Challenge Program (CTCP), to support Australia's world-class quantum technology businesses.
Minister for Industry and Science, Ed Husic, today announced $5.25 million will be available for the feasibility stage of this round, with consortia encouraged to start preparing applications which open on 15 January 2025.
The program is designed to propel demand for quantum technologies, demonstrate how quantum can be used across the economy and drive private sector investment.
Round 2 of the CTCP will support industry-led collaborations, with a focus on four nationally significant challenges:
- Improve biosecurity outcomes by enhancing the detection of invasive pests or diseases, and cargo inspection processes.
- Improve life expectancy, health outcomes and access to health technology for First Nations peoples.
- Optimise transport routes, logistics and supply chain operations.
- Optimise the performance, sustainability, and security of energy networks.
Stage 1 will offer successful applicants up to $500,000 funding for feasibility projects. In Stage 2, applicants with successful feasibility projects will be invited to apply for up to $5 million in funding to develop technology demonstrator projects and proof of concept.
The CTCP is a commitment from the National Quantum Strategy released in 2023 and builds on previous quantum investments that contribute to the growth of Australia's quantum industry and the adoption of quantum technologies across the economy.
It also builds on additional sources of capital for quantum companies, including the $15 billion National Reconstruction Fund (NRF) and $392 million Industry Growth Program.
