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SPIE Quantum West

The UK's place in the global quantum technology industry: a view from UKQuantum (the voice of UK Quantum)

Richard Murray

Published Mar 4, 2022• 0 citations
Publisher

Abstract

Some 8 years since the UK announced the world’s first national quantum technology programme and word has gotten out. Nowdays, every country with half a physicist has now announced their intention to ‘lead the world in the second quantum revolution’. How does the UK fare in the future quantum industry? In this new crowded market of quantum-ambitious countries, we should consider how to intelligently understand how the pieces fit together within a future, globally connected quantum economy. Richard Murray will elaborate on the work the UKQuantum- the voice of the UK quantum industry and how it is looking to help.

DOI
10.1117/12.2622864

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Some 8 years since the UK announced the world’s first national quantum technology programme and word has gotten out. Nowdays, every country with half a physicist has now announced their intention to ‘lead the world in the second quantum revolution’. How does the UK fare in the future quantum industry? In this new crowded market of quantum-ambitious countries, we should consider how to intelligently understand how the pieces fit together within a future, globally connected quantum economy. Richard Murray will elaborate on the work the UKQuantum- the voice of the UK quantum industry and how it is looking to help.
Abstract The UK has, through a mix of government and industry funding, committed more than £1Bn over ten years to a coordinated programme in quantum technology. Five years into this programme, the UK National Quantum Technology Programme has induced a step change in the nation’s capabilities for establishing a new sector in future quantum information technologies. We describe how the programme arose and the activities it has supported and influenced to deliver these new capabilities, building on a first phase of over £385M investment across several UK government agencies. As the programme enters its second phase, with a further substantial investment by UK government and global industries, we review the prospects for ensuring the advanced quantum science and demonstrator platforms in imaging, sensing, timing, communications and computing developed over the past five years drive the formation of the sector and embed quantum tech in a broad range of industries by means of new products and services.
The UK National Quantum Technology Programme was launched in 2017 and was the first example of a nationally coordinated initiative bringing together academia, industry and government to accelerate development and commercialisation of quantum technologies. The programme, now in its second phase and worth £1B (~$1.25B), has also inspired the creation of other national initiatives across the globe, including the $1.2B US National Quantum Initiative. According to the latest statistics available, between 2017 and 2018 companies active in quantum technology raised more than $450M in private equity funding. This amount of investment and the burgeoning activity in this field is expected to produce game-changing technology, but the question remains: when and where will this happen first? Join us to hear expert perspectives from those at the frontiers of quantum technology and its commercialization, as well as informed commentary on the trends emerging in this fast-changing arena. Learn how industry leaders are addressing the challenges of this exciting new arena and identifying opportunities to grow their business.
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