New Mexico’s $315 Million Quantum Frontier Project to Support DARPA’s QBI Mission
Mohamed Abdel-Kareem2025-09-02T20:22:37-07:00The state of New Mexico and the Defense Advanced Research Projects Agency (DARPA) have signed an agreement to establish the Quantum Frontier Project. This is part of a broader $315 million quantum computing initiative, announced by Governor Michelle Lujan Grisham, that aims to accelerate quantum innovation and commercialization in the state. The project directly supports DARPA’s Quantum Benchmarking Initiative (QBI). The $315 million investment is structured to provide $185 million from the state's sovereign wealth fund for private venture capital firms to invest in quantum businesses in New Mexico. DARPA and the state will each contribute up to $60 million over [...]