Roadrunner Venture Studios has won the New Mexico Economic Development Department’s $25 million quantum innovation and commercialization award, part of a larger state plan to become a national tech hub.

State officials agree that with the presence of two national laboratories and multiple research facilities, New Mexico is in a prime position to trail blaze the advancement of quantum technology. The global market for quantum technologies is expected to reach over $150 billion by 2040 , according to a 2024 McKinsey Digital report, which would allow the state to reap those economic benefits.

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