Colorado Secures $127M to Create 10,000 Jobs and Boost Quantum Startups

Jul 2, 2024, 12:40 PM

Colorado is emerging as a significant hub for quantum technology, bolstered by a recent infusion of $127 million in federal and state funding. This funding aims to create over 10,000 jobs, educate 30,000 workers, and support more than 50 new quantum startups. The initiative, known as Elevate Quantum, has received substantial backing from the Biden Administration and local legislation spearheaded by Senator Mark Baisley. The Colorado School of Mines will play a pivotal role in advancing quantum innovation with $40.5 million allocated to its efforts. This development positions Colorado to potentially become the 'Silicon Valley' of quantum technology.