Colorado is emerging as the global hub of the quantum revolution, with significant investments from the federal government, state tax credits, and private capital totaling up to $1 billion. Quantum computing, a revolutionary technology that leverages quantum physics for computation, promises to be significantly faster and more powerful than classical computing.
Colorado’s quantum leadership is attributed to federal investments in research labs like NIST and partnerships with organizations like JILA and Sandia National Laboratories. Elevate Quantum, a non-profit coalition of over 120 organizations in the Rocky Mountain West, secured $40.5 million in federal funding and $74 million in state funding to establish the region as an official quantum innovation hub.
The funds will support the creation of 10,000 new jobs, training for 30,000 workers, and the establishment of 50 startups over a 10-year period. These efforts aim to build an inclusive and diverse quantum ecosystem that goes beyond researchers and physicists to include various skilled professionals.
Governor Polis believes that quantum technologies will revolutionize businesses, industries, and challenges across the nation. With Colorado at the forefront of quantum development, the state aims to attract diverse talent and create an ecosystem that is just and inclusive. The federal government has recognized the importance of quantum research and development, making it a national imperative.
As Colorado continues to lead in quantum technologies, it is expected to not only benefit the state’s economy but also contribute to the growth and advancement of the entire nation. The potential impact of quantum computing on solving global challenges like climate change and healthcare, coupled with the state’s strategic investments, positions Colorado at the forefront of the quantum revolution.
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