Australia will spend $73 million to develop quantum research, Prime Minister Scott Morrison said, as the Canberra identifies areas of technology it believes are critical for national interest
In recent months, Australia has pledged to spend billions of dollars to modernise its economy and cut dependence on China by spurring manufacturing in industries such as resources and critical minerals as well as backing low-emission technology.
"In most cases having diverse well-functioning markets can meet our technology needs, but in some cases – for critical technologies – we need to ensure we can access and use such technologies reliably and safely, in good times and bad," Morrison said in a speech. While Morrison highlighted 63 technologies, Australia will initially focus on supporting nine. The first of which will be quantum technology. Morrison pledged A$100 million to commercialise quantum research and forge links with global markets and supply chains.
FILE PHOTO: Australia's Prime Minister Scott Morrison speaks as National Statements are delivered as a part of the World Leaders' Summit at the UN Climate Change Conference in Glasgow, Scotland, Britain November 1, 2021. Ian Forsyth/Pool via REUTERS/File Photo
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