Insider Brief
Shanghai has launched a quantum computing industrial hub with 26 founding companies, funding programs and subsidies aimed at accelerating commercialization and industry growth.
The incubation zone will provide up to 100 million yuan for research and innovation, up to 20 million yuan for companies developing first products, and computing subsidies to reduce development costs.
The initiative supports China’s national quantum strategy as Shanghai competes with quantum hubs in Hefei, Beijing and Shenzhen to build a larger quantum technology ecosystem.
Shanghai has launched a dedicated quantum computing industrial hub, hoping to incubate hundreds of quantum computing companies as cities across the country compete to become centers for the emerging technology.
