QuantumWire

Elevate Quantum Awarded $127 Million to Secure US Leadership in Quantum Technology

Elevate Quantum recently announced that it has received a Tech Hub Phase 2 Implementation award from the Department of Commerce. Leading the Elevate Quantum Tech Hub in the Mountain West of the United States, the nonprofit organization secured an initial EDA funding of $40.5 million from the Department of Commerce, supplemented by $77 million from Colorado and $10 million from New Mexico. These combined government subsidies exceed $127 million and are expected to attract over $2 billion in additional private capital to the region.

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