The Tech Council of Australia has welcomed the National Reconstruction Fund’s (NRF’s) $13 million equity investment in diamond quantum technology company, Quantum Brilliance.
Quantum Brilliance specialises in designing and manufacturing quantum diamonds for various uses across quantum computing, sensing and networking, as their small size, light weight, scope for mass deployability and ability to function at room temperature is highly advantageous.
The National Reconstruction Fund Corporation (NRFC) said the investment in the company will pave the way to establish Australia’s inaugural diamond quantum foundry and continue the Research Hub for Diamond Quantum Materials that Quantum Brilliance jointly established with La Trobe University and RMIT University in 2022.
“We are strong advocates for greater investment in our local quantum tech ecosystem. Earlier this year, the Tech Council called for more direct funding across Australia’s quantum businesses to compete with high levels of investment from competitor countries,” Tech Council CEO, Damian Kassabgi, said.
“We look forward to continuing our work with the Government on behalf of the Australian quantum sector through the Australian Quantum Alliance (AQA), which we have established to deliver on the potential of Australia’s quantum industry, which governments have been investing in for decades.
“Quantum Brilliance is an exciting Australian success story with an opportunity to deliver small, mass-deployable quantum devices to the global market.
“It shows what our quantum industry is capable of when companies in key strategic sectors are supported by government, and have access to the funding and investment they need to scale.”
Quantum Brilliance also boasts a long track record of quantum hardware fabrication in the Australian Capital Territory (ACT), as well as supply of quantum accelerators to supercomputing facilities in Europe, the USA and Australia’s Pawsey Supercomputing Centre.
“Our investment is a recognition of the ground-breaking work being done by Quantum Brilliance. They are at the forefront of technological advancements that have the potential to significantly accelerate the quantum technology revolution,” NRFC Chair, Martijn Wilder AM, said.
“Quantum Brilliance’s quantum diamond foundry is the first of its kind globally and is underpinned by world-leading research at both the Australian National University and leading Victorian universities, which was conducted in the broader context of Australia’s global leadership in diamond quantum technology over the last two decades.
“This investment in fabricating quantum diamonds in Australia will provide the local quantum technology industry with a significant boost. It will create many new highly skilled jobs and give Australia an advantage in the global race to develop mass deployable quantum technologies.
“We are building a future where Australia leads the world in diamond quantum technology, much like NVIDIA has done in the AI industry. This capital partnership not only strengthens our leadership in the global quantum diamond value chain but also positions Australia to become a hub for mass deployable quantum diamond devices,” Quantum Brilliance chief executive and Co-founder, Mark Luo, said.
