The NSW government is trying to make Sydney Australia’s home of quantum computing as it welcomes the first three tenants to the NSW Tech Central Quantum Terminal.
Tech Central is the government’s technology precinct in the heart of Sydney that was proposed in 2018 with local tech success Atlassian named as the hub’s anchor tenant.
On Monday, NSW Premier Dominic Perrottet announced the first three quantum technology tenants in the dedicated quantum research and development space: Q-Ctrl, the Sydney Quantum Academy, and Quantum Brilliance.
“With first-class researchers and entrepreneurs eager to collaborate and an innovation precinct ready to support jobs growth, NSW is in pole position to become a global leader in technology,” Perrottet said.
“Tech Central is predicted to bring up to 25,000 jobs to NSW and will be a major player in accelerating our economic recovery and future-proofing our economy.”
The first quantum technology tenants at Tech Central build a solid foundation for the Quantum Terminal.
The Sydney Quantum Academy is a partnership of four major NSW universities aimed toward developing the local quantum technology ecosystem.
Quantum Brilliance has been developing a diamond-based quantum computer that it expects to deploy in room temperature environments.
Q-Ctrl is a company developing software to enable the early use of quantum computing capabilities and recently received a multi-million dollar grant from the government’s Modern Manufacturing Initiative.
The Tech Central precinct stretches out into Camperdown where Microsoft is partnering with the University of Sydney to undergo breakthrough research into quantum computing.
Professor Mark Scott, the University of Sydney’s Vice Chancellor, said the university was looking forward to working with the state government to get Tech Central up and running.
“We’ll be sharing the lessons we’ve learnt through our deep experience developing groundbreaking multi-disciplinary research, fostering innovation and supporting the commercialisation of successful start-ups,” he said.
New scale-up hub
Innovation hubs operator Stone and Chalk has been tapped to run Tech Central’s dedicated Scaleup Hub to help companies grow their businesses.
“We are delighted to be acknowledged for our expertise in supporting Australia’s technology community and are proud to be the partner of choice for the NSW Government’s important growth agenda,” Stone and Chalk CEO Michael Bromley said.
“Through our second hub in Sydney, we’ll be able to support domestic and international startups in their transition to becoming scaleups by providing vital access to the resources and infrastructure required for success.”
The hub will be opened in July 2022.
Businesses interested in joining the Scaleup Hub will be eligible to apply for up to $600,000 per year worth of rebates on rent and the cost of fitting out offices.
Stone and Chalk’s Sydney Startup Hub is home to 120 companies.