Telstra matches $10m CBA pledge for quantum computer race—8 December 2015

The University of New South Wales’s flagship quantum computing project at the ARC Centre of Excellence for Quantum Computation and Communication Technology has received a second major injection of funds from Australia’s corporate sector, with Telstra matching a Commonwealth Bank pledge of $10 million support over the next five years. The pledge follows the federal government's promised $26 million to the Centre as part of its $1.1 billion National Innovation and Science Agenda. Telstra Chief Executive Officer Andrew Penn said the company was thrilled to be involved in such a dynamic, world-leading project. “The potential of quantum computing is significant for countries across the globe, and we are excited to be part of this important initiative to build the world’s first silicon-based quantum computer in Sydney,” said Mr Penn. ARC Laureate Fellow and Director of the ARC Centre of Excellence for Quantum Computation and Communication Technology, Professor Michelle Simmons, said the investment sends a “very powerful message about supporting internationally leading Australian research in areas of breakthrough technology”.

Media issued by The University of New South Wales

Image: Professors Sven Rogge, Andrea Morello, Michelle Simmons and Andrew Dzurak from the ARC Centre for Quantum Computation and Communication Technology.
Image courtesy: The University of New South Wales.

Original Published Date: 
Wednesday, December 9, 2015