US government and New Mexico team up on quantum computing
The federal government and New Mexico will invest up to $120 million in quantum projects.
A new partnership between the federal government and New Mexico’s state and local businesses aims to establish the state as a leader in quantum computing.
The initiative will see the Defence Advanced Research Projects Agency (DARPA) working alongside local researchers and companies to develop and commercialise next-generation technology. A total of up to $120 million could be invested in the project over four years.
New Mexico’s selection for the project is due to its long history of innovation, its two national defence labs, and a high concentration of leading scientists in the field.
The goal is to harness the ‘brainpower’ of the state to build computers that can solve currently impossible problems, such as developing materials that resist corrosion or finding cures for diseases. One of the project’s aims is to test the technology and differentiate between genuine breakthroughs and mere hype.
Roadrunner Venture Studios will be assisting in developing new quantum computing businesses within the state. A successful venture would bring economic gains and jobs and position New Mexico to lead the nation in solving some of its most pressing challenges.
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