Austrade invites expressions of interest from Australian quantum companies looking to attend the UK in-market program from 4-8 November 2024 and to participate in the UK National Quantum Technologies Showcase in London on 8 November 2024.

About the UK In-Market Program | 4-8 November 2024

From 4 to 8 November 2024, Austrade in partnership with relevant state government representatives and in collaboration with the UK Department for Business and Trade as well as UK Research and Innovation, will organise and deliver an in-market program for Australian quantum companies scaling to the UK.

The program includes:

• Briefings and networking sessions with the key UK quantum ecosystem stakeholders, covering topics such as securing partners and customers in the UK, securing investment, government support programs and establishing a UK entity.
• Partner/customer pitch and matchmaking session/s.
• Visits to a key UK quantum region.

About the UK National Quantum Technologies Showcase (NQTS) 8 November 2024

The UK National Quantum Technologies Showcase, the flagship event of the UK’s quantum community, will be organised on November 8th, 2024, in London’s Business Design Centre.

The showcase features some of the UK’s most exciting projects from across the quantum landscape demonstrating the advancing commercialisation and industrialisation of quantum technologies in the UK. Last year’s event welcomed over 1,200 delegates and 80 Exhibitors with exciting sessions throughout the day.

Read the full review of last year’s event here.

Why you should participate

With a tech economy worth $1tn, the UK is a world-leading hub for tech start-up and scaleup activity.

The UK Government aspires to maintain its global top three position in quantum and appeals to international businesses looking to expand outwards. The UK is second for the number of quantum companies and generates 12% of global private investment. Market specialisations span across computing, communications, sensing, timing, and imaging.

In 2023, the Department for Science, Innovation and Technology (DSIT) adopted a Quantum strategy that builds up on a decade of previous activity. In July 2024 it released the next round of £106 million of government funding thus confirming its commitment to advancing the industry. The project will establish five quantum research hubs aiming to bring together academia and industry in developing a range of practical applications across a variety of sectors: healthcare, security and clean energy.

When you participate, you’ll get:

• Firsthand in-market advice and support with your UK market entry or expansion strategy.
• Access to and opportunity to connect with key industry contacts and leaders during the UK In-Market Program.
• Opportunity to promote your products and services to interested UK and international partners and customers.
• Opportunity to pitch your product to UK buyers.
• Exposure at the National Quantum Technologies Showcase (NQTS).

Who should participate

Austrade is seeking Expressions of Interest from companies that meet the following criteria:

• Have identified UK as a priority expansion market for 2024.
• Are able to travel to the UK to represent their products and services by attending in person or via an in-market representative.
• Will commit time to work with Austrade and participate in all agreed aspects of the program.
• Are market-ready and have a go-to-market strategy for the UK. The UK market is very sophisticated, mature, and highly competitive.
• Are able to dedicate sufficient resource to the market. This means enough ‘runway’ to give the strategy time to be effective and to analyse diverse opportunities.

Space is limited and applicants will be selected based on the above criteria and an assessment of their market readiness.

Cost

Austrade will cover the cost of the UK In-Market Program.

Austrade will subsidise the cost associated with the Australia Stand at the NQTS.

How you’ll be supported:

• Company branding will be incorporated at the Australian stand at the NQTS.
• Project management of Australia stand including liaison with show organisers.
• Austrade will promote your company via a social media and industry media marketing campaign prior and during NQTS.
• Assistance and support in the lead up and onsite from specialised Austrade Business Development Managers.
• Austrade will conduct a comprehensive lead generation campaign targeting potential partners and customers and build interest in the Australian quantum solutions represented at NQTS.
• You’ll be able to utilise the Australia stand at NQTS to connect with potential partners and customers.
• Austrade will assist with follow up on any leads you generate during your market visit.

Payment terms

Clients are expected to cover:

• All travel, accommodation, and incidental costs.
• Important information

If you are considering this programme, Austrade recommends that you consult ‘Smartraveller’, the Australian Government’s travel advisory service, which is available at www.smartraveller.gov.au.

Travel advice is updated regularly on this site.

Please note that Austrade will only work with clients that maintain appropriate business ethics and demonstrate a commitment to legal obligations including anti-bribery laws, both in Australia and overseas markets. Review further information on anti-bribery on Austrade’s website here.

Registrations close Sunday 22 September 2024.