NRFC Invests $13 Million AUD ($8.3M USD) in Quantum Brilliance to Build Australia’s First Quantum Diamond Foundry
Mohamed Abdel-Kareem2024-12-09T22:21:10-08:00The National Reconstruction Fund Corporation (NRFC) has announced a $13 million AUD ($8.3M USD) equity investment in Quantum Brilliance (QB), a leader in diamond quantum technology. This funding will establish Australia’s first quantum diamond foundry, advancing the design and fabrication of quantum diamond devices essential for quantum computing, sensing, and networking. Key Points of the Initiative: Purpose: The foundry will enable the mass production of diamond quantum devices, supporting applications that are small, lightweight, energy-efficient, and operable at room temperature. Collaborations: The foundry builds upon QB’s partnerships with Australian universities, such as the Australian National University, La Trobe University, and RMIT [...]