# Singapore Boosts Quantum Computing Investment

- Link: https://www.thailand-business-news.com/tech/ecommerce/151481-singapore-boosts-quantum-computing-investment
- Published: 2024-07-16T19:51:04+07:00
- Author: ASEAN Briefing

**The investment will support initiatives like the National Quantum Computing Hub
and the National Quantum Fabless Foundry, which focus on developing quantum processors
and fostering a quantum-literate workforce. This move is part of Singapore’s broader
strategy to anticipate and shape future technological advancements.**

## Singapore’s Quantum Investment Commitment

Singapore’s government will inject approximately S$300 million (US$222 million) 
into quantum technology research and talent development over the next five years.
This substantial investment underscores the nation’s commitment to becoming a leading
player in the global quantum technology arena and reflects a forward-thinking approach
towards technological advancements.

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## National Quantum Strategy (NQS)

This latest investment is integral to Singapore’s National Quantum Strategy (NQS),
which aims to establish the country as a premier hub for quantum technology innovation
and implementation. The strategic plan focuses on solidifying Singapore’s status
as a key player in the global quantum landscape, thereby contributing to scientific
excellence and industry competitiveness.

## Key Focus Areas

The National Quantum Strategy centers on four key initiatives: scientific excellence,
engineering skills, talent development, and innovation and industrial partnerships.
One significant aspect is the National Quantum Scholarships Scheme (NQSS), designed
to cultivate up to 100 PhD and Master’s level quantum experts over five years, ensuring
a quantum-ready workforce. Additionally, coordinated efforts with the National Quantum
Office will foster a dynamic quantum ecosystem through robust industry collaborations
and the nurturing of local firms.

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Singapore’s government will invest some S$300 million (US$222 million) over the 
next five years to fuel quantum technology research and talent development.

For Singapore, the latest investment is also part of its National Quantum Strategy(
NQS) which aims to solidify Singapore’s status as a premier hub for the advancement
and implementation of quantum technologies.

Singapore’s National Quantum Strategy will focus on four core financing initiatives:
scientific excellence, engineering skills, talent development, and innovation and
industrial partnerships.

##  Singapore’s National Quantum Strategy

 1. Talent Development: Over the next five years, the National Quantum Scholarships
    Scheme (NQSS) will fund the development of up to 100 PhD and Master’s level quantum
    experts, resulting in a quantum-ready workforce.

 1. Innovation and Enterprise Collaborations: In coordination with the National Quantum
    Office, investments will be made to create a dynamic quantum ecosystem through 
    strong industry collaborations and the development of local firms.

**Read the original article :** [Singapore Boosts Quantum Computing Investment ](https://www.aseanbriefing.com/news/singapore-boosts-quantum-computing-investment/?rand=151001)

_This article was first published by [ASEAN Briefing](https://www.aseanbriefing.com)
which is produced by [ Dezan Shira & Associates](https://www.dezshira.com/). The
firm assists foreign investors throughout Asia from offices across the world, including
in in China, Hong Kong, Vietnam, Singapore, India, and Russia. Readers may write
to [info@dezshira.com](https://www.thailand-business-news.com/tech/ecommerce/info@dezshira.com)._