Quantum technologies will receive a funding boost to help optimise energy networks through the second round of the Australian Government’s $36 million Critical Technologies Challenge Program (CTCP).
Minister for Industry and Science Ed Husic announced $5.25 million would be available for the feasibility stage of this round, with applications now open.
The program is designed to propel demand for quantum technologies, demonstrate how
quantum can be used across the economy and drive private sector investment.
Related article: Funding for quantum tech to optimise energy networks
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.
Related article: Vanadium flow battery firm AVESS launches Series B funding
Minister Husic said, “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.
“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.”
