Quantum computing company Diraq wins NSW commercialisation grant

119
Image credit: Diraq

Sydney-based quantum computing innovator Diraq has received a $3 million grant from the New South Wales government to accelerate its research and development program for ultra-powerful quantum computers. 

Awarded as part of the NSW Quantum Computing Commercialisation Fund (QCCF), the new funding will help enable Diraq to advance its technical roadmap and propel its R&D efforts. 

The company will also use the grant to leverage its foundational patent set, which consists of 10 patent families to commercialise and deliver its first product— a 10-qubit silicon quantum processor. 

“This substantial financial support reinforces the confidence and trust the State Government has in our vision and capabilities. It will be instrumental in driving our quantum computing initiatives and accelerating the pace of innovation within our industry,” said Andrew Dzurak, chief executive officer and founder of Diraq. 

“This grant represents a significant milestone for Diraq, and we are excited to drive innovation, create high-skilled jobs, and collaborate with other NSW-based companies including Q-CTRL and Perceptia Devices. Overall the project will contribute to the advancement of quantum technologies in the state, further establishing Sydney as a global hub for quantum computing,” Dzurak said.

Diraq’s grant was awarded following extensive peer review by a panel of experts. 

The QCCF is administered by the Office of the NSW Chief Scientist & Engineer (OCSE) within Investment NSW, a division of the NSW Government Department of Enterprise Investment and Trade. 

The one-off $7 million program aims to foster the commercialisation of quantum computing in Australia. It provides financial support to quantum computing businesses, aiming to promote new and innovative quantum computing technologies and devices within NSW that will provide global benefit. 

Diraq is a global leader in the development of quantum processors using silicon “quantum dot” technology. The company seeks to revolutionise full-stack quantum computing by driving qubit numbers on a single chip to the billions needed for useful commercial applications.