Elevate Quantum Consortium Wins $127.5 Million in Federal and State Government Funding

Elevate Quantum, a consortium of organizations promoting quantum technology in the U.S. Mountain West (Colorado, New Mexico, and Wyoming) has won a Tech Hub Phase 2 grant of $40.5 million from the U.S. US Department Of Commerce’s Economic Development Administration (EDA) as part of a $504 million program that designated 12 tech hubs in a variety of different technical areas throughout the United States. In addition, the state of Colorado is providing funding of $77 million broken as $44 million for a Rapid Prototyping and Low-Volume Manufacturing Lab and $30 million state loan guarantee program. Also, the state of New Mexico is providing $10 million to support the construction of a photonics packaging facility and local workforce development.

Read the entire article on the official Quantum Computing Report website by clicking here.