Quantum Industry Coalition Responds to NIST RFI on the State of the Quantum Computing Market and Outlines Federal Policy Recommendations
WASHINGTON, DC, February 15, 2022 — The Quantum Industry Coalition (QIC) responded to a National Institute of Standards and Technology (NIST) Request for Information to inform a Department of Commerce study to advance a more productive technology economy, including quantum computing and seven other key technologies. A final report to Congress based on the study will outline recommendations for advancing US global leadership in quantum computing.
QIC’s response can be found in full here. The response reviewed the current state of the quantum computing market and the numerous economic applications of quantum computing in areas such as healthcare, materials science, logistics, energy, agriculture, and financial services. QIC also reviewed market trends such as growing private sector investment, an ecosystem comprised of diverse participants and architectures, strong competition from China, and ongoing supply chain risks.
QIC outlined five major recommendations to federal policymakers:
Accelerate federal quantum R&D investments;
Nurture sustained private sector growth;
Invest in and broaden the quantum workforce;
Avoid unnecessary regulations; and
Encourage fair, industry-led standard setting.
The response also outlined the many federal departments and agencies with jurisdiction over quantum computing policy or with quantum computing R&D programs, and stressed the need for continued efforts to enhance coordination among them.
About Quantum Industry Coalition
The Quantum Industry Coalition (QIC) is the voice of the US quantum industry. QIC is dedicated to maintaining US leadership in the development of quantum technologies. QIC regularly engages and informs Congress and the Administration to ensure policymaking that maintains and enhances the nation’s position as the world leader in the development and commercialization of quantum technologies, while working closely with allied governments and their countries’ academic and commercial sectors. QIC’s members range from start-ups to Fortune 100 companies addressing a variety of aspects of quantum technology, including hardware, software, and application development. Learn more about joining QIC here.