The Australian Government's $36 million-dollar Critical Technologies Challenge Program (CTCP) will support local quantum technology businesses to develop innovative solutions addressing nationally-significant challenges.
The Australian Government has opened applications for its CTCP to capture the power and potential of quantum technologies, as part of its Future Made in Australia agenda.
The CTCP will support Australia's world-class quantum technology businesses to work with researchers and end-users to develop innovative solutions to market-led challenges.
The programme focusses on funding businesses aiming to address four nationally-significant challenges, which are:
- Optimise the performance, sustainability, and security of energy networks to help the transition to Net Zero;
- Improve medical imaging and medical sensors to support diagnosis, treatment of disease and monitoring activities inside the human body;
- Enhance communication with autonomous systems in varying environments; and
- Optimise efficiency and reduce the impact of resource exploration, extraction, and mineral processing.
The programme will "accelerate the path to commercialisation for quantum technologies from early-stage when private capital is hard to secure, and drive greater awareness and uptake of quantum technologies in Australia."
The Department of Industry, Science and Resources says the programme has two funding stages. "Stage one will offer successful applicants up to $500,000 funding for feasibility projects. In Stage two, applicants with successful stage one feasibility projects will be invited to apply for up to an extra $5 million to develop technology demonstrator projects and proof of concept."
The Critical Technologies Challenge Program is a commitment of the first ever National Quantum Strategy released last year, and builds on previous quantum investments, including the creation of the Australian Centre for Quantum Growth, investments in Silicon Quantum Computing, and a partnership with Queensland Government and PsiQuantum to secure the world's first fault-tolerant quantum computer in Australia and associated industry and research benefits.
The grant programme also builds on additional sources of capital for quantum companies, including through the $15 billion National Reconstruction Fund (NRF) and $392 million Industry Growth Program.
