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Aussies join global tech 'pioneer' club

02:49pm June 22 2018

Researchers around the world are progressing developments in quantum computing, including at The Quantum Nano Centre in Canada above (Getty).

In September, Vikram Sharma will make the same journey to China as some of the biggest names in technology after his company was recognised among 61 global early-stage leaders in technology and innovation.

Sharma’s QuintessenceLabs, which develops commercial quantum computing-based cybersecurity solutions, was one of two Australian companies recognised by the World Economic Forum as a “Technology Pioneer” for 2018, the other being Horizon State.

The recognition puts the two companies in revered company, other former winners including Airbnb, Google, Kickstarter, Mozilla, Spotify, TransferWise and Twitter.

It also boosts the number of Australian companies recognised since establishment by the WEF in 2000 to seven, including Atlassian and Vaxxas. Companies are selected based on their potential to “transform society and industry” and “shape the Fourth Industrial Revolution”.

Sharma, who founded QuintessenceLabs in 2008 following research on quantum technology at the Australian National University, will travel to the WEF “Annual Meeting of the New Champions” held annually in China, this year in Tianjin in September.

Westpac owns part of QuintessenceLabs, first investing in 2015.


Michael Bennet is Editor of Westpac Wire. He joined Westpac in 2017 after more than 12 years in journalism, most recently at The Australian as the national newspaper’s banking reporter based in Sydney. Michael has worked at various News Corp publications and other media companies covering industries including financial services, resources, industrials, markets and economics. He is originally from Perth, Western Australia, where he also wrote across magazines covering the arts with a focus on music.

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