Congratulations to UNSW Innovations, winner of the 2017 KCA Award for best example of top-tier pratitioner work, and the People’s Choice Award
(Pictured above and bottom right: Dr Alastair Hick, Chair KCA and Dr Benjamin Matthewson, UNSW Innovations: Top Right: with Duncan Mackintosh, 2017 Awards Judge)
UNSW Innovations’ $70M commercial win for fundamental research: a bank, a telco, a university, and a government found a company together to build a Quantum Computer
In 2017, UNSW Innovations launched a development and commercialisation company after securing an initial investment of $70M to realise a prototype silicon quantum integrated circuit. UNSW Innovations led the founding consortia, which included two high-profile industry partners (Commonwealth Bank of Australia and Telstra, $10M each), the Australian Government (as a first-time investor, $25M) and UNSW Innovations (via UNSW, $25M).
UNSW Innovations’ long-term goal is to leverage Australia’s research leadership in silicon quantum computing and establish a brand new, high-tech, global industry based in Australasia. The initial high profile positive media coverage has positioned investors as leaders in innovation and technology, and has generated exceptional reputational and research benefits back to UNSW.