This is a single round, competitive technology development and commercialisation program funded by the Future Economy Fund’s Commercialisation Pathways Program, which drives the commercialisation of highly innovative ideas into new products, processes or services.
June 2023
What was approved
Approved for Diraq
The project will allow Diraq to commercialise its first product - a cloud accessible 10-qubit processor over a three-year period.
$3,004,551 was approved by
Minister for Science, Innovation and TechnologyDate approved
June 2023Location of the recipient
SydneyAbout the grant
Applications approved
3
Applications received
15
Quantum Computing Commercialisation Fund
Program term
3 yearsWhat was approved
Approved for Q-CTRL
This project will create a hybrid quantum computing software as a service solution for the financial sector, helping to solve high-value optimisation problems faced by financial companies. Hybrid quantum computers, available today, have errors that prevent them from finding true optimal solutions. This project will create technology that neutralises these errors.
$2,342,202 was approved by
Minister for Science, Innovation and TechnologyDate approved
June 2023Location of the recipient
SydneyAbout the grant
Applications approved
3
Applications received
15
Quantum Computing Commercialisation Fund
Program term
3 yearsWhat was approved
Approved for Quantum Brilliance
The Qristal Emulator is a software package that runs on regular classical computers and provides realistic emulation of quantum hardware. It allows users to design quantum algorithms that solve computational problems using the inherent properties of quantum systems (e.g., entanglement).
$1,445,000 was approved by
Minister for Science, Innovation and TechnologyDate approved
June 2023Location of the recipient
SydneyAbout the grant
Applications approved
3
Applications received
15
Quantum Computing Commercialisation Fund
Program term
3 years