After President Joe Biden's administration designated the Mountain West’s quantum industry as one of 31 tech hubs in October, Colorado state leaders hoped the region would get on the program's shortlist for more funding — and more recognition. The second phase of the new federal tech hub program was a key part in cementing Colorado as the center of the quantum computing industry. This week, state leaders got what they were hoping for.
The Economic Development Administration announced Tuesday that Colorado's Elevate Quantum is among 12 tech hubs to receive funding for the U.S.’s most critical technologies – beating out Illinois' quantum tech hub.
Elevate Quantum is a nonprofit based in Denver representing the Mountain West tech hub covering Colorado, New Mexico and Wyoming. It won an extra $40.5 million grant from the Biden administration.
"This decision shows that America is serious about being a global leader in quantum technology, the future of computing,” Gov. Jared Polis said in a the news release.= The CEO of Elevate Quantum Zachary Yerushalmi used a maze analogy to explain how quantum computing is superior.
Classical computers would find their way through by either going left or right before turning back to find the way out, while quantum computers go both ways at the same time and explore the different possibilities at every turn of every path instantaneously. Some companies developed out of University of Colorado Boulder have used quantum tech for methane de.
