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New £43m Bristol University tech centre predicted to create 9,000 jobs

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Written by: Hannah Baker | Posted 07 November 2017 8:36

New £43m Bristol University tech centre predicted to create 9,000 jobs

The University of Bristol has announced plans to establish the world’s first open-access Quantum Technologies Innovation Centre (QTIC), which it anticipates will lead to 9,000 new jobs and generate almost £300m for the economy in its first 10 years.

The £43m centre, which is set to open in 2021 and will be based at the university’s new enterprise campus near Temple Meads train station, will focus on taking quantum research from the lab into the commercial world.

More than 200 researchers at the university will work in partnership with companies establishing new quantum businesses.
The centre will provide affordable specialist incubation facilities for businesses harnessing the quantum advantage to create new products and services.

Mustafa Rampuri, programme manager for QTIC, said: “It’s an ideal time to take these technologies out of the lab and engineer them into commercial products and services, ensuring that the UK and Bristol region is the epicentre of a global quantum revolution.

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“The opportunities are vast and very exciting. Our aim is for the facility to be an internationally recognised centre for the engineering and commercialisation of practical integrated quantum technologies, enabling companies from any sector to co-create new products and exploit the quantum advantage.”

The Government anticipates that quantum technology will be an industry worth £1bn to the UK economy in the next 10 years, boosting British business and making a real difference to our everyday lives.

Experts predict that harnessing the quantum world - the behaviour of matter and energy on the atomic and subatomic level - will revolutionise technology by making it faster, smaller, more secure and more useful for a wide variety of applications.

The centre is being funded by different organisations; £15m will come from the West of England Local Enterprise Partnership (LEP), £21m from industrial partners and £7m from the University of Bristol.

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