Colorado Quantum Fund (CQF) for Shared Facilities

About this funding opportunity

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0 Colorado Quantum Fund (CQF) for Shared Facilities Program Summary

The Colorado Quantum Fund (CQF) for Shared Facilities supports the creation of a hub of shared quantum facilities via refundable tax credits for applicants that make investments in qualifying fixed capital assets.

These facilities aim to accomplish the following: Translational research and incubation Low-volume manufacturing, fabrication and prototyping in a laboratory environment Provide other economic benefits, related services, and workforce development to support the development of quantum businesses and the quantum ecosystem in the state Overview

Type: Tax credit

For: Consortiums, nonprofit, or for-profit entities that collaborate with institutions of higher education and have received a substantial federal award to expand the quantum ecosystem

OEDIT division: Business Funding & Incentives Background

In July of 2024, the Economic Development Administration (EDA) selected the Mountain West’s application as one of 12 federally designated Regional Technology and Innovation Hubs (Tech Hubs) under the CHIPS and Science Act. The public-private partnership that began in 2023 would eventually distribute $10 billion across 5-10 Tech Hubs across the U.S. focused on 10 key technologies. After being designated as a hub in October 2024, the Elevate Quantum coalition - a consortium of private and public sector organizations, academic institutions and nonprofits across Colorado, New Mexico and Wyoming - was selected for Phase 2 Funding, positioning Colorado’s quantum ecosystem for up to $900M in funding from this program alone.

To further promote the growth of Colorado’s quantum ecosystem, the Colorado General Assembly passed and Governor Polis signed bipartisan legislation that invests an additional $74 million across two incentive programs that will reduce growth barriers and ensure a bright future for all Coloradans. This funding was contingent on Colorado being designated…

Topic areas: General and Cross-cutting R&D, Workforce Development.

Funding amount

This other provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Colorado Quantum Fund (CQF) for Shared Facilities is administered by Colorado Office of Economic Development and International Trade (OEDIT), listed via Colorado Office of Economic Development and International Trade.