Innovation Showcases Opportunities for Expertise, Staff Development and Collaboration to Maximize Profits There and Beyond
Seattle, January 23, 2023 /PRNewswire/ — Washington Technology Industry Association (WTIA), a non-profit organization dedicated to promoting a sustainable technology sector that empowers developing communities, today announced the launch of a new report, Quantum details Science (QIS) in Washington State. Organizers Moonbeam for the Advanced Technology Cluster, the report is stronger Washington to established expertise in quantitative computing and identified opportunities for professional development, QIS staff development and collaboration with other product groups around the world.
Washington state it has long been a catalyst for technological innovation, with locally built technologies transforming not only their industries, but also driving regional and global economic growth. Quantum is the same: Washington it is the only US quantum center of excellence that is already a center of innovation, has exemplary schools, and is home to the headquarters of major technology companies that invest heavily in QIS.
“WTIA was selected by the Washington Department of Commerce as a lead partner to expand our role as a global manufacturing hub through the Advanced Technology Cluster,” he said. Michael Schutzler, CEO, WTIA. “This report confirms our view that Washington state they have the right mix of organizations and capabilities – from start-ups to legacy businesses – to ensure Washington becomes a world leader in terms of population and sales. “
The report highlights new opportunities for the state, including the strong capabilities of local businesses with growing potential, such as health technology, agtech and cybersecurity. Washington state is already producing QIS talent – thanks to the university’s strong programs and international investment in STEM. However, the government should prioritize programs to support minorities, women and international students to create a diverse workforce. The government should also try to strengthen the communication that makes technology and support groups around the world.
- Washington QIS dealers are in this section Seattle metro area, which is about 50% focused on programs, equipment and health.
- Washington state it is experiencing a ‘brain drain’ where local universities are producing more professionals than can be employed locally.
- 50% of the students in most programs are foreigners, and many struggle to obtain visas to continue working in the government.
- The US has been actively supporting QIS R&D for the past 15 years, with a significant increase starting in 2019. More than half of the past 15 years’ funding was awarded between 2019 and 2022.
- Venture capital is the most common form of initial funding (55% of total sales) for QIS startups, based on the size of the company and the amount of total investment. The number of agreements is increasing over time, from 52 in 2017 to 128 in 2022, reaching 142 in 2021.
- Quantum sensing (QS) expects the growth of its market in the future which is expected, atomic clocks, gravity sensors, PAR quantum sensors and magnetic sensors.
- QS growth will be driven by the defense and agriculture industries.
- All over the world, quantitative analysis shows the reliability of the military and defense industry, but reducing the cost of production is important.
- Many patents for quantum technology are issued by companies in the China (54%) and Japan (15%).
- There are currently 162 universities and institutions around the world that have QIS academic programs and research activities.
“The Washington “Technology companies have created a strong foundation in the field of QIS through the large attraction of high-end investments that are used to develop various skills,” he said. I am Rav Desai, CEO, Moonbeam. “When quantum changes, Washington state they have the opportunity to engage in collaboration and leadership in the adoption of global and global population. “
In January 2022WTIA was issued $550,000 from State of Washington Innovation Cluster Accelerator to enable the development of Advanced Technology Clusters to drive business investment, job creation, and world-leading innovation across the state. The group aims to create connections and collaborations in blockchain and quantum computing technologies, including institutions, academia, startups, government, and investors to promote the next generation of growth in these two sectors. In 2023, the Cluster plans to work together with schools on technical and commercial exchanges, create products around SBIR and STTR to increase local funding opportunities and create new business partnerships.
“The goal of the Northwest Quantum Nexus is to advance Quantum Information Sciences research and create a QIS-educated workforce,” said Krysta Svore, Distinguished Engineer and VP of Advanced Quantum Development at Microsoft, a founding partner of NQN. “This report from WTIA and Moonbeam confirms our intentions and shows Washington to progress and potential in increasing the transparency of QIS research and accelerating collaboration across the country. “
To download the full report, please visit Here.
Washington Technology Industry Association (WTIA) is a consortium that includes a not-for-profit trade association, a not-for-profit tech apprenticeship intermediary (Apprenti), and a for-profit business services corporation (HRBI). The organization’s mission is to promote a sustainable technology sector that empowers the developing world. We recruit technology companies and partners who see diversity as a competitive advantage, value collaboration as essential to sustainable development, and fully embrace the opportunity to collaborate and empower the communities we serve.
Moonbeam Exchange will advance industry innovation through the use of data science, ai, and deep learning — driving innovation in technology research. Through data-driven market research, B2B matchmaking, and market intelligence, they connect the world to new opportunities.
SOURCE Washington Technology Industry Association