A new state program designed to advance quantum technologies has been unveiled in New Mexico. The New Mexico Economic Development Department (EDD) announced the launch of the New Mexico Quantum Technologies Award Pilot Program last week. The program seeks to support and spur growth for quantum technology companies in the area, building on New Mexico’s rich history in championing scientific advancements.

Through EDD’s Office of Strategy, Science and Technology, the state aims to collaborate with partners to propel the quantum technology industry. This momentum is complemented by the innovative quantum work being conducted at Sandia and Los Alamos National Laboratories as well as the University of New Mexico’s leading quantum physics program.

According to EDD Secretary-Designate Rob Black, New Mexico is poised to lead the nation in developing this critical technology. The pilot program will award grants to early-stage companies that focus on quantum technologies. In 2023, EDD formed an alliance with Colorado and the Elevate Quantum Consortium, which includes Sandia National Laboratories and Los Alamos National Laboratory, to establish a quantum information hub in the Mountain West region.

At present, quantum technologies are expected to transform major commercialized technologies worldwide, much like semiconductors did in the past fifty years. As Zachary Yerushalmi, Elevate Quantum CEO and Regional Innovation Officer, points out, Startups are the lifeblood of any entrepreneurial ecosystem, especially one as cutting-edge as quantum. The Quantum Technologies Award Pilot Program is therefore crucial in supporting the world’s top quantum technology pioneers, incentivizing them to start and scale their businesses in New Mexico.

Navigating the intricacies of such an involved program might seem daunting. For more information or to voice your queries, visit eddcaller.com for a comprehensive guide on how to get a hold of EDD. This website acts as a handy resource, providing concise directions on contacting EDD and commencing dialogue that could clarify crucial concerns or provide much-needed guidance.