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Quantum coalition agrees investment deal in London

A coalition of quantum developing nations agreed to support investment in the sector

Quantum investment

A coalition of quantum developing nations agreed to improve investment opportunities for the sector in a London meeting.

The Quantum Development Group (QDG) is formed of 13 allied nations including Australia, France, Japan and the US.

In the fifth meeting of the QDG, which took place last week in London, saw government representatives of the nations discuss how to advance the global quantum sector.

At the meeting the QDG agreed to support collaboration on the safe development of quantum technology, foster a more supportive investment environment for scaling quantum computers and prioritise the establishment of international standards for the technology to ensure safety and interoperability.

“Quantum has the potential to be one of the most exciting and defining technologies of the coming years. With the power to transform healthcare, energy, defence and transport, its impact will touch all of our lives,” said Technology Secretary Liz Kendall.

“But progress in quantum technology is not something we can do alone. It will mean working hand‑in‑hand with our trusted partners, harnessing world‑class science and backing the businesses turning brilliant ideas into real‑world solutions.

The meeting followed the announcement of the UK government’s £2bn commitment to the field and the launch of its procurement programme.

“In the UK we are matching that ambition with action – including a world‑leading quantum computing procurement programme as part of a £2bn investment. This will create high‑skilled jobs, grow our economy, and help the British innovators developing quantum technologies that lead to medical breakthroughs and cleaner energy.”

Read more: The UK takes a ‘Quantum Leap’

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