Colorado Gov. Jared Polis applauds the Biden administration’s announcement that $90 million in funding from the CHIPS and Science Act will support Microchip’s efforts to expand its Colorado Springs facility Thursday, Jan. 4, 2024, at the company’s Colorado Springs location. (Lindsey Toomer/Colorado Newsline)
The federal government awarded a Colorado-centered tech hub $41 million to boost its development of quantum information technology, the U.S. Department of Commerce announced Tuesday.
The U.S. Economic Development Administration awarded the money to Elevate Quantum, a consortium of 120 organizations across Colorado, New Mexico and Wyoming focused on quantum development, to expand its quantum ecosystem.
The EDA designated Elevate Quantum as one of 31 regional tech hubs across the country in 2023, making it eligible for up to $1 billion in government funding over the next decade.
GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
“Colorado is the Silicon Valley of the quantum era, and Elevate Quantum is going to lead us there,” U.S. Sen. John Hickenlooper said in a statement. “Quantum is going to revolutionize medical drug discovery, supercharge artificial intelligence, strengthen U.S. cybersecurity, and support our transition to clean energy.”