The Minister for Industry and Science, Ed Husic MP, has announced a National Quantum Advisory Board to help advance Australia’s National Quantum Strategy.

Chaired by Australia’s Chief Scientist, Dr Cathy Foley AO, the 15-member committee will be an integral part of the drive to coordinate Australia’s quantum capabilities across research, industry and government. Minister Husic also said the strategy would be implemented by the end of the year.

CSIRO conservatively estimates that quantum technology in Australia could become a $4 billion industry in computing, communications and sensing, creating 16,000 jobs by 2040.

Minister Husic said: We cannot afford to lose that competitive edge.

“The Albanian government has delivered Australia’s first National Quantum Strategy, bringing together its expertise in the research, commercialization and use of quantum technologies to shape Australia’s future.

“A $1 billion Vital Technology Fund, part of the National Recovery Fund, is also available to support the quantum industry.”

Minister Husic announced the formation of the National Quantum Advisory Committee on Wednesday evening in Melbourne at the annual Pearcey Oration, which recognizes the legacy of Dr. Trevor Pearcey, who built Australia’s first digital computer in the 1940s.

“Here in Australia, we need to make sure we embed the power and value of quantum. He told the Piercy Foundation.