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Global governments have been making moves to be on the leading edge of quantum computing. And now, Singapore is joining the race.
What’s happening:
- The government of Singapore has announced they will provide $222M USD of funding to accelerate research, development and innovation in quantum computing within the country as part of their new National Quantum Strategy project
Why it matters:
- As quantum computing continues to make technological breakthroughs, government funding has been ramping up to support emerging startups and research projects
Going deeper:
- The new funding from Singapore will be initially be focused on building out a leading edge facility known as The Centre For Quantum Technologies, which will be located at the National University of Singapore
- Other countries have also been making significant commitments to quantum computing lately, with Australia investing into venture backed startup PsiQuantum and Saudi Arabia announcing they will soon be getting delivery of their first quantum computer
The intrigue:
- Pharmaceutical giant Novo Nordisk (NYSE: NVO) previously announced that they will begin incubating new quantum computing startups developing potential breakthroughs in drug discovery and life sciences technology
