Quantum technologies will receive a $18 million boost to help 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.
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Minister for Industry and Science, Ed Husic, 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.
The Hon. Ed Husic, Minister for Industry and Science says, “Quantum technologies can lift our economy and help address social challenges. This program is about working with industry to target specific uses for quantum that will bring those benefits.
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“Australia’s quantum know-how is world-leading and these projects are a great
demonstration of how these technologies can be put to work for Australians—from improving First Nations health outcomes to strengthening our energy networks.
“This is another way our Future Made in Australia plan is helping create new opportunities to make more things here.”
