Federal government moves Silicon Quantum stake to National Reconstruction Fund
The federal government moved its entire shareholding in Silicon Quantum Computing to the National Reconstruction Fund in August.
The Industry department handed the Commonwealth's shareholding in the Sydney-based quantum startup to the NRF in August, consolidating government investment. Silicon Quantum Computing was founded by quantum physicist Michelle Simmons, a former Australian of the Year.
The transfer centralises the government's backing of the venture under one fund, which invests in infrastructure and technology projects. The company develops silicon-based quantum computing technology aimed at solving complex problems faster than conventional computers.
- August
- Transfer timing
- Sydney
- Company location
- Michelle Simmons
- Founder
Why it mattersThe move signals the government's long-term commitment to quantum technology as a strategic national priority and may reshape how it supports the sector.
AustraliaAustralian quantum research now sits under a consolidated funding structure, which could affect how startups like SQC access government support and plan their growth.
✓ Claims checked against the source. checked 11 h ago
