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# Quantum Australia Reports $83.1M Economic Impact and Growth of 15 Quantum Companies

**[The Quantum Insider](https://daily.dev/sources/thequantuminsider)** · 4 min read · 0 upvotes · 0 comments

## Summary

Quantum Australia announced that its national programs generated $83.1 million in estimated economic value over five years, based on independent modelling by Avant Group, while leveraging more than six times the public investment. The organization says it has helped create 15 quantum companies, 110 industry-research partnerships, and facilitated over $50 million in grant funding. The figures were unveiled at Australia's first national quantum startup showcase in Canberra, where six early-stage ventures presented technologies in quantum sensing, secure communications, critical infrastructure protection, and photonic error correction. The event also coincided with a new Australia-Japan quantum cooperation agreement and the opening of a Quantum Australia team in Canberra.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thequantuminsider.com/2026/08/14/quantum-australia-reveals-83-million-economic-impact-15-new-quantum-companies>

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---

Tags: [#startup](https://daily.dev/tags/startup), [#quantum-computing](https://daily.dev/tags/quantum-computing)

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