The Bloch Quantum Tech Hub has been granted a $500,000 Consortium Accelerator Award by the US Department of Commerce’s Economic Development Administration (EDA). This funding will support the hub’s ongoing initiatives to accelerate the adoption of quantum technologies across various industries.
Led by the Chicago Quantum Exchange, The Bloch Quantum Tech Hub is a coalition involving Fortune 500 companies, quantum startups, top-tier universities, government entities, community colleges, and economic and workforce development organizations. Its mission includes addressing pressing societal challenges like financial fraud prevention, energy grid security, and the advancement of drug development.
Recent collaborations highlight the hub’s progress, including partnerships with the FBI Chicago for securing quantum assets, initiatives with the financial sector on fraud detection, and offering access to IonQ Aria quantum system via the qBraid platform for impactful projects. The hub also works with community colleges to build the future quantum workforce and hosts events to explore quantum technology integration in manufacturing.
The EDA’s award aims to bolster these efforts, fostering job creation and enhancing national and economic security. This funding aligns with the broader goals of the Biden-Harris Administration’s Investing in America agenda, which supports the growth of critical technology sectors, including quantum technologies.
For additional information, you can access the full press release provided here.
July 29, 2024