The Elevate Quantum consortium was born out of the TechHubNow! Initiative with the goal to draw in federal dollars to boost Colorado’s position as the world’s leading hub for quantum information technology. With the recent tech hub designation from the Economic Development Administration (EDA), Elevate Quantum will focus on accelerating the transition of cutting-edge quantum research from the laboratory to the market, facilitate a vibrant startup and scale-up ecosystem, and build a diverse and inclusive workforce.
Nearly half of Quantum jobs do not require an advanced degree, and the share of technician positions is projected to double in five years as the industry’s need for skilled trades like welding, pipe fitting and machining grows. The average quantum job pays over $125,000 per year.
The consortium plans to launch a quantum-focused startup accelerator in partnership with Techstars and Access Mode, which provides funding and customized mentoring to BIPOC-founded tech startups, establish a multi-modal open-access quantum laboratory to fuel start-up growth and technology transfer to the private sector, and help quantum startups scale into global leaders through loan guarantees and strategic guidance. Elevate Quantum also plans to invest in workforce development and promote diversity, equity, inclusion, access and belonging (DEIAB) with the goal of helping 30,000 workers develop new skills for quantum jobs and ensuring equitable access to the industry.