# Australian Government Critical Technologies Challenge Program

Type: Company

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/australian-government-critical-technologies-challenge-program
Canonical HTML page: https://getstartupbrief.com/entity/australian-government-critical-technologies-challenge-program

## Timeline

- **2026-10-01**: Stage 2 progression and A$3.6 million funding announced — SQC and Schneider Electric, with UNSW Sydney, announced Stage 2 of the Australian Government's Critical Technologies Challenge Program after reporting 20% average forecasting accuracy improvement with the Watermelon chip.

## Recent coverage (1 stories)

### SQC's Quantum Chip Lands $2.5M for 20% Forecasting Edge
2026-10-02 03:45:51 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Australian quantum startup Silicon Quantum Computing has moved to Stage 2 of the government-backed Critical Technologies Challenge Program, securing A$3.6 million in non-dilutive funding alongside Schneider Electric. The company says its Watermelon chip delivered a 20% average forecasting accuracy gain, which now scales to a corporate AI workflow.
Full story: https://getstartupbrief.com/story/sqc-schneider-quantum-forecast-startups

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