Government opens £33m fund for quantum technologies
Applications open next month
Credit: Gerd Altmann/Pixabay
The government is opening a £33m fund to accelerate the development of quantum technology.
UK Research and Innovation is running the competition, which is inviting businesses to submit proposals for projects worth between £50,000 and £10m.
The majority of the fund - £27m – will be awarded to consortia running “large research projects”. The remaining £6m, which is open to single bidders or companies working together, is for programmes of work worth up to £500,000.
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The government is looking for schemes that will “speed up commercialisation of second-generation quantum technologies” in one of three target areas.
The first is these is “connectivity and techniques for securing data in storage and in flight”, with the second being the “situational awareness” capabilities of autonomous systems and sensors. The final area of interest for the government is “transformational computing to solve currently unmanageable problems”.
Applications will be open from 5 August until 30 October. The money is provided by the government’s Industrial Strategy Challenge Fund.
Quantum technology aims to use some of the principles of quantum mechanics – the branch of physics dedicated to atomic and sub-atomic particles – and use them in areas such as encryption and computing.
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