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Colorado’s technology center Elevate Quantum to create jobs with grant

Colorado is on track to become a leader in quantum technology, and the recently awarded grant will create thousands of jobs. Quantum technology hub Elevate Quantum received the $40.5 million grant, which is designed to increase economic mobility throughout Northern Colorado and the Rocky Mountain region to the west.

According to Swinburne University of Technology, quantum technology applies the principles of quantum mechanics and includes technologies such as quantum computing, quantum sensing, quantum imaging and quantum cryptography. These technologies use the properties of subatomic particles to improve various aspects of daily life, including pharmaceuticals, energy, finance, transportation, defense, communications and health.

The $40.5 million grant was announced on July 2 by Rep. Joe Neguse (D-Boulder). The grant will be funded through investments in the CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act to strengthen the region’s ability to increase the scale of production and deployment of quantum technologies.

More: Colorado Rep. Joe Neguse elected Speaker of the U.S. House of Representatives

Helen Hayes, founder and CEO of ActivateWork and part of the Elevate Quantum consortium, said Colorado will play a leading role in quantum technology, creating tens of thousands of new jobs by 2030.

“What excites me most is that we can improve on the Silicon Valley model and purposefully build a diverse and inclusive quantum workforce to drive economic prosperity for Coloradans,” Hayes said.

“I am convinced that starting a career in technology is the safest and shortest path to economic mobility.”

When will work on quantum technology begin?

The programs within the tech hub are already underway and will be completed by 2030

Neguse said in a press release that the federal grants will support research and technological advances in Colorado laboratories and federal research facilities.

“With the designation as the country’s leading quantum technology hub, Elevate Quantum, Colorado and the Rocky Mountain West have solidified their position as leaders in the quantum revolution,” Neguse said in the press release.

What kind of jobs are needed in quantum technology in Northern Colorado?

Zach Yerushalmi, CEO of Elevate Quantum, said in an email to The Coloradoan that Elevate Quantum in Colorado is an ecosystem that is building the critical physical components that form the core supply chain for the entire national and international quantum economy.

“Because we build physical things, complex integrated machines, the jobs in our region are more like those needed in the aerospace industry than those needed to succeed in a graduate math lab,” Yerushalmi said.

“We’re talking about pipefitters, welders, technicians.”

Yerushalmi added that many of the key suppliers in the quantum technology field are based in Fort Collins and Loveland.

“Today, 3,000 people work in the quantum industry, and by 2030 there will be over 10,000. This is a truly historic economic development opportunity for every part of our state,” he said.

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