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NY State Ranks Second Only to California in Quantum Tech Businesses
New York State ranks second only to California nationally in quantum-related businesses, research groups and patents, according to a study commissioned by Empire State Development’s Division of Science, Technology and Innovation (NYSTAR). The study identified 134 operating entities, 219 research groups and 734 patent families connected to quantum technology in New York, spread across 10 regions with complementary strengths.
The study’s findings will inform NYSTAR’s strategy on quantum innovation as New York prepares to establish up to four Regional Quantum Technology Commercialization Hubs, to be funded with $60 million in the FY 2027 Budget. New York is also investing $300 million in the Quantum Research and Innovation Hub at SUNY Stony Brook, which will become the centerpiece of a statewide network.
The study estimates that New York’s $360-million commitment to the Stony Brook hub and regional commercialization hubs could support $2.3 billion to $5 billion in economic activity and 7,200 to 10,100 job-years, equivalent to one full-time job supported for one year, through 2036.
- ◦Economy
