The Quantum Economy Network

Quantum for Society Challenge

The Quantum for Society Challenge was launched in November 2024 in collaboration with UpLink and the Centre for the Fourth Industrial Revolution Saudi Arabia. It called for impactful, scalable solutions for a sustainable future aligned with the SDGs, using quantum technology to tackle critical needs in climate, materials & manufacturing, healthcare, agriculture, food systems, and freshwater systems. The challenge received an outstanding 100 submissions, and the 10 winners have been announced on World Quantum Day in Riyadh, Saudi Arabia.

What's the Quantum Economy?

"Quantum technologies will impact many critical industries and inspire new business models. Diverse technologies such as quantum computing, quantum communications, quantum sensing, and quantum materials have given rise to new industry players and promising solutions for end users, greater sustainability, and new answers to hitherto unsolved problems. Some of these technologies are already being deployed and others are developing at a rapid rate. Quantum technology will eventually permeate and affect every key sector of the economy and take us into a period likely to be referred to as the "post-quantum era." This is collectively creating an economic impact and a distinctive economic ecosystem driven by quantum technologies, which we refer to as the Quantum Economy."