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In Shanghai, a quantum computing development zone was launched - ForkLog
On June 30, the Shanghai Quantum Computing Future Industry Incubation Zone was launched in Shanghai's Xuhui District. The first group includes 26 unnamed companies, according to the South China Morning Post (SCMP).
According to the media, support measures include up to 100 million yuan ($14.7 million) for fundamental research, technological innovation, and shared platforms. An additional 20 million yuan ($2.9 million) will be allocated for initial installations or early versions of products. Subsidies for access to computing resources are also possible.
Journalists described Xuhui as one of the artificial intelligence hubs in Shanghai. StepFun AI, Shanghai Artificial Intelligence Laboratory, and MiniMax operate in the district. According to the media, authorities intend to leverage the existing AI cluster to develop quantum companies, but the specific format of interaction has not been described.
Quantum technologies were included in China's national priorities in the 15th Five-Year Plan for 2026-2030. Against this backdrop, cities are forming their own clusters around quantum developments.
According to SCMP, Shanghai authorities aim to increase the number of quantum companies in Xuhui to more than 100 within three years. The publication also names Hefei as one of the most developed centers in the sector and cites an estimate of over 90 specialized companies in the city as of last year.
Recall that in June, China's SpinQ Technology announced the completion of a Series D round of 1 billion yuan (about $147 million) for the development of fault-tolerant quantum computers.