Colorado has emerged as a burgeoning hub for quantum technology in the United States, securing a coveted designation as a U.S. Tech Hub. This prestigious status comes with the promise of federal funding and increased recognition, further fostering an ecosystem that has the potential to rival Silicon Valley in the field of quantum computing.
The U.S. Department of Commerce’s Regional Technology and Innovation Hubs program awarded this designation to Colorado as part of its efforts to invest in American innovation and promote the growth of commercialization and the workforce beyond the coastal regions. Out of 192 applications across a range of key technologies, including three others from Colorado, the full list of winners is set to be released soon.
Wendy Lea, an influential entrepreneur involved in the private effort called TechHubNow!, expressed her enthusiasm, stating, “I am over the moon at this opportunity for our state.” Lea played a key role in narrowing down proposals and advocated for the inclusion of quantum technology and advanced energy in Colorado’s bid, a recommendation endorsed by Governor Jared Polis and the state’s Office of Economic Development and International Trade.
Quantum technology, focused on harnessing the science of probabilities at the atomic level to expedite complex computations, caught the attention of the Tech Hubs program early on. Lea’s group emphasized the importance of accelerating commercialization and supporting startups rather than solely focusing on research. This industry-led approach resonated with the panel’s decision-makers, setting Colorado on a path to becoming a pioneering force in quantum technology.
Elevate Quantum, a consortium comprising private quantum companies, investors, startups, and renowned universities like the University of Colorado and Colorado School of Mines, was formed as a result of this initiative. Several companies in the Boulder area are actively developing their own quantum computers, engaged in a race to increase their qubit count, the fundamental unit of quantum information. The thriving quantum industry is projected to bring a staggering $3 billion in funding to Colorado over the next decade, generating 30,000 job opportunities for a diverse range of future workers.
Maybell Quantum, led by CEO Corban Tillemann-Dick, emerged as a prominent quantum company in Colorado. They specialize in building ultra-low temperature fridges that enable quantum computers to operate effectively at near absolute zero conditions, reaching temperatures as low as minus 459 Fahrenheit. Tillemann-Dick described Colorado’s quantum ecosystem as a flourishing landscape, encompassing diverse companies catering to various segments of the industry, from cutting-edge sensor technologies aimed at detecting methane plumes in fracking sites to builders of advanced quantum hardware.
While details of the other 19 winners are yet to be released by the U.S. Economic Development Administration, the impact of Colorado’s Tech Hub status is already being widely acknowledged. Senator John Hickenlooper emphasized that Colorado is already a leader in multiple technological spheres and expressed optimism that the state’s focus on quantum technology could position it as the quantum center of the future.
Even for cities and regions that did not receive the official designation, the Tech Hub effort has provided an invaluable opportunity to identify their potential ecosystems and garner support for their growth. Mark Muro, a senior fellow at the Brookings Institution, commented on the strategic advantage gained by these entities, stating that they now have a plan in place that could potentially attract funding from various sources.
With quantum technology continuing to make significant strides, Colorado’s emergence as a quantum technology powerhouse is poised to reshape the landscape of innovation and solidify its reputation as a leading technology hub. As further developments and announcements unfold, Colorado’s journey in the quantum realm promises to captivate the nation and the world.
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FAQ
Q: What is quantum technology?
A: Quantum technology harnesses the science of probabilities at the atomic level to accelerate complex computer calculations.
Q: What is a Tech Hub?
A: A Tech Hub is a designated region that receives federal funding and increased recognition to support the growth and commercialization of innovative technologies.
Q: What is qubit?
A: Qubit is the fundamental unit of quantum information, analogous to the classical binary bit.
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