Elevate Quantum, of which CU Boulder is a key partner, announced today that it has received a Tech Hub Phase 2 implementation award from the Department of Commerce, unlocking more than $127 million in new federal and state funding.

The award is expected to drive more than $2 billion in additional private capital and cement the Mountain West as a global leader for quantum innovation.

“It is truly extraordinary to be joining Elevate Quantum and the vibrant quantum community it represents at a pivotal time like this,” said CU Boulder Chancellor Justin Schwartz, who began his post as CU Boulder’s 12th chancellor a day earlier. “I’m eager to help drive innovation and impact on campus and across the regional quantum ecosystem as we collectively cultivate a next-generation economy and workforce.”

Read the entire article on the official University of Colorado Boulder website by clicking here.