The government will begin drafting a co-investment plan for $1 billion in support for critical technologies this week, with Industry minister Ed Husic pledging to “weave” the local quantum sector into the strategic investment as private capital dries up.
Mr Husic on Wednesday revealed the imminent drafting and floated future additional investment from superannuation firms to add to “growing” government funding while addressing the nation’s main quantum technologies event, Quantum Australia.
He also stressed the need to attract foreign investors and international firms to help scale the local sector, a week after his department confirmed its secretive approach to market had looked at foreign firms.
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