Illinois to Lead Quantum Tech Revolution with $500M Bloch Hub
Illinois is set to become a global leader in quantum technology. The Bloch Quantum Tech Hub, led by the Chicago Quantum Exchange, aims to create 30,000 jobs, train 50,000 workers, and support 200 companies in the USA by 2035. This ambitious initiative is expected to generate $60 billion for the Chicago area over the next decade.
The Bloch Hub, backed by a $500 million state investment, will fund projects led by tech giants like IBM and Microsoft. It aims to build the largest community college-led quantum program in the U.S., fostering essential feedback loops between developers and industry. The project also seeks to provide leading hardware, software, and networks to accelerate quantum technology development and adoption.
Governor JB Pritzker and Innovate Illinois have announced a multi-year plan for the Hub to develop quantum solutions for pressing issues such as fraud detection, grid resilience, and drug discovery. The partner coalition includes prestigious institutions like the Max Planck Society, Fraunhofer Society, TUM, and LMU, along with several industry partners. Financing is ensured through federal and state government funding, as well as contributions from participating institutions.
The Bloch Quantum Tech Hub, part of Illinois' strategic vision for economic growth, is poised to transform the state into a global leader in critical technological sectors. With its ambitious job creation and economic impact projections, the Hub is set to revolutionize quantum technology development and adoption.
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