Planqc, 🏰 Germany and Australia

We all have to start somewhere when it comes to investing in the future of Quantum.

Hey Everyone,

Germany will spend about 2 billion euros ($2.4 billion) to support the development of its first quantum computer and related technologies in the next four years, the economy and science ministries said on May 2nd, 2023.

The quantum computer is expected to house around 100 qubits by 2026 — and eventually reach 500 qubits in the near term. That will by then be considerably lower than commercial grade Quantum computers but is a nice start.

Germany’s Aerospace Center (DLR) will receive the bulk of the subsidies - about 740 million euros - to team up with industrial companies, medium-sized enterprises and start-ups to forge two consortia, the economy ministry said.

Countries are aiming to build Quantum innovation ecosystems, and nobody wants to be left behind.

🍺 More Than A Quantum Computer

The initiative is more than just about Germany’s capacity to build a quantum computer, but it’s also a commitment to build a quantum ecosystem and a quantum industry. The plan lists five goals:

• To secure and expand Germany’s innovative power and technological sovereignty in quantum technologies.

• To work towards the development and production of marketable products.

• To contribute to addressing societal challenges in climate research, energy, health, mobility, and security with quantum technologies.

• To educate and attract skilled workers and develop Germany as an attractive employment location for quantum technologies.

• To introduce people to quantum technologies, convey the opportunities, and show the impacts.

• To ensure a coordinated, joint approach by the federal government.

🦘 Australia

Australia announced a coherent Quantum strategy as well this week. I have been quite impressed with startups in that part of the world for the population.

The Strategy will be the North Star to help guide collaboration between research pioneers, industry partners, start-ups and the government into the future.