Measuring our success

To ensure we deliver on the ambition of this strategy, we will regularly review the sector’s progress. Starting in 2023, we will run periodic benchmarking reviews. These reviews will track Australia’s performance using quantitative and qualitative indicators of achievement.

Indicator of success

      What will we measure?

Related actions

Australia is realising the transformational impacts of quantum technologies across finance, healthcare, agriculture, environment, energy, defence, transport, resources, space and other sectors
  • Uptake of quantum across the Australian economy (from market research)
  • Wider industry economic benefits from applying quantum technologies

1.1, 1.2, 1.3, 3.4, 4.2

Australia has a strong quantum technology industry
  • Number of companies
  • Number of start-ups
  • Valuation of Australian quantum companies
  • Investment leveraged by industry

1.1, 1.2, 1.3, 3.1, 3.2, 3.3, 3.4, 4.1

Australia remains a leader in quantum research and has established strong pathways to commercialise and industrialise that knowledge
  • International rankings in research publications and impact for quantum
  • Number of patents and trademarks of Australian quantum technologies
  • Australian quantum research and development expenditure
  • Licensing and sale of intellectual property by Australian quantum companies

1.1, 1.2, 1.3, 2.1, 3.1, 3.2, 3.3, 3.4, 4.1, 4.2,

Australia has high quantum literacy, leading businesses to identify and generate broad use cases and attracting talent into career paths at early stages.
  • Public awareness of quantum (from market research)

1.1, 1.2, 3.1, 3.2, 3.3, 3.4, 5.1

The quantum industry is supported by:

  • mature talent pipelines through the secondary, VET and tertiary sectors
  • adjacent industries
  • overseas, where Australia is a destination of choice for talent.
  • Number of employees in Australian quantum companies
  • Job vacancy rate for Australian quantum companies
  • Number of applications and visas granted for eligible skilled migration candidates
  • STEM education enrolment and performance metrics

3.1, 3.2, 3.3, 3.4, 5.1

Australian quantum researchers and businesses can access the infrastructure, manufacturing and materials to advance and grow their field
  • Perceptions of barriers to growth (from market research)

2.1, 2.2, 4.2

Australia is recognised as an international leader in quantum technologies and has deep relationships with key partners, enabling the transfer of knowledge, capital and business
  • Number of international agreements
  • Number of international collaborative research projects
  • Value of quantum technology exports
  • Value of Australian contribution to global value chains for quantum technology
  • Business–research collaboration

4.2, 5.2

Australia’s approach to quantum technologies supports national interests, is inclusive and aligns to Australian values
  • Perceptions of barriers to growth (from market research)

4.1, 4.2, 5.1, 5.2

 

We will set appropriate targets for these measurements as part of the first benchmarking review in 2023.

The Australian Government will track progress against key economic indicators of sector growth as the sector grows towards $5.9 billion in industry revenue, $6.1 billion contributed to GDP, 19,400 direct jobs and over 35,000 jobs across the Australian economy by 2045.