Sydney’s Quantum Terminal to create an employment boost

Sydney’s Quantum Terminal, the city’s first centralised collaboration space for researchers, developers, engineers and entrepreneurs working on deep tech, is expected to create over 25,000 jobs in Australia. This NSW Tech Central expects to see its first three tenants from Australian quantum computing specialist companies.These are Sydney-based Q-Ctrl, the Sydney Quantum Academy, and ACT-based Quantum Brilliance and all of them are working towards furthering quantum computing technology. 

Last month, Google had pledged US$1 billion for tech research and development in Australia over the next five years. This deal includes plans of setting up a new Google Research Australia lab in Sydney, which will be used for AI and quantum computing research.Earlier this year, NCS also expanded its presence in Melbourne with a Cloud Center of Excellence. The CoE aims to provide support and accelerate cloud initiatives for governments and enterprises and create around 500 jobs in Australia.

“Quantum Terminal along with the rest of Tech Central will form one of the most vibrant innovation corridors in Australia. Building on the opening of the Quantum Terminal, we’re also investing up to $21 million to prioritize affordable accommodation for scaleups. From December, businesses can apply for rebates on rental and fit-out costs of up to $600,000 a year through the Tech Central Scaleup Accommodation Rebate,” says Stuart Ayres, NSW Deputy Premier.

NSW’s Tech Central is the state Government’s drive for innovation and technology precinct. Located in central Sydney at 477 Pitt Street, the Tech Central Scaleup Hub will be operated by Stone & Chalk. Michael Bromley, CEO, Stone & Chalk said,“Through our second Hub in Sydney, we’ll be able to support domestic and international startups in their transition to becoming scale-ups by providing vital access to the resources and infrastructure required for success”.