Q-CTRL tells aussie government the challenges of Australian tech. by Politixia about 5 hours ago 151 Views Announcement A proposed capital gains tax structure for startups violates the Prime Minister's pledge to the sector, according to quantum technology firm Q-CTRL, potentially undermining Australia's innovation ambitions. The company argues the current Indexed Benefit Cap Cost (IBCC) design fails to account for the tech sector's unique economic model, where rare breakouts generate the vast majority of net economic returns, making standard historical averages inappropriate. Q-CTRL, a venture capital-backed company with more than 220 staff and clients including IBM and Airbus, warns the proposal creates a non-competitive tax environment relative to the US and UK. "We regret that in its current form the IBCC fails to deliver a globally competitive tax environment for the critical startup sector, undermining a Future Made in Australia," the company states in a response to government consultation. TIME recently named Q-CTRL one of the ten most influential innovative companies globally, alongside SpaceX. Announcement Q-CTRL's position on startup CGT reform. Q-CTRL argues the proposed Indexed Benefit Cap Cost (IBCC) structure violates the core principle of 'no disadvantage' stipulated by the Prime Minister for the startup sector, framing the debate as a direct challenge to government assurances. The company's detailed response to the consultation paper highlights a potential disconnect between the IBCC's intent to encourage investment in startups and its likely impact on attracting and retaining talent within a globally competitive landscape. This is not simply about protecting high earners; the company emphasizes that attracting and retaining talent is a structural necessity for the entire venture capital-backed startup ecosystem to function effectively. The firm points to a significant disparity in effective capital gains tax rates between Australia and the United States, specifically referencing the US Qualified Small Business Stock (QSBS) framework, which offers a 100% federal tax exclusion on gains up to USD $15 million. According to Q-CTRL's analysis, the gap in effective tax rates could reach as high as 35 percentage points at the QSBS cap, potentially incentivizing founders and early employees to relocate to the US. This disadvantage extends beyond founders, impacting the ability of Australian startups to compete internationally and retain skilled personnel in the face of existing brain drain. Q-CTRL illustrates this with a comparative table showing marginal tax rates for different share sale values under the old scheme, current legislation, and the proposed IBCC, revealing a potentially higher tax burden for Australian entrepreneurs achieving even modest success. Q-CTRL believes that simple modifications can restore sector-wide confidence and ensure Australia remains competitive. Recognized globally, TIME recently named Q-CTRL one of the ten most influential innovative companies alongside SpaceX, and the company observes that the IBCC undermines the Government's legislated commitments to national innovation, but does not reverse progress made since 2016 when major tax changes began to allow Australian startups to compete globally. Quantum tech scaling from an Australian base. Quantum technology firms scaling operations from Australia face a complex tax environment that threatens to undermine national innovation ambitions, according to detailed feedback provided by Q-CTRL to the government's consultation paper on capital gains tax reforms. This is not merely a concern for high-earning founders; Q-CTRL emphasizes that the system must also support the potential returns for early-stage employees taking significant risks in deep-tech ventures. A comparative table provided by Q-CTRL demonstrates a potential gap of as high as 35 percentage points in effective capital gains tax on startup share sales at the QSBS cap of US$15 million, which is approximately A$20 million, creating a significant disincentive for founders to build in Australia. Q-CTRL, recognized globally, recently named by TIME as one of the ten most influential innovative companies alongside SpaceX, believes simple modifications can restore sector confidence and ensure Australia remains competitive. The company's perspective is informed by its experience scaling deep tech from a domestic base, supplying critical capabilities to AUKUS partners in areas like advanced computing and national defense. Founded in 2017 and now boasting more than 220 staff with international offices, Q-CTRL's commercial successes, including contracts with IBM, Airbus, Lockheed Martin, and HSBC, provide a unique perspective on the practicalities of scaling deep tech businesses from an Australian base. Announcement Founded in 2017 and now boasting more than 220 staff with international offices, Q-CTRL's commercial successes, including contracts with IBM, Airbus, Lockheed Martin, and HSBC, provide a unique perspective on the practicalities of scaling deep tech businesses from an Australian base. The success of deep tech startups isn't measured in incremental gains, but in exponential growth, a dynamic often overlooked in conventional economic modelling and now potentially jeopardized by proposed tax reforms. Traditional industries operate on a linear scale, whereas technology companies are driven by this exponential growth, meaning that a small number of exceptionally successful ventures generate the vast majority of economic returns, effectively subsidizing the failures and modest achievements of the broader ecosystem. The firm's analysis reveals that the IBCC could undermine the Government's legislated commitments to national innovation, but not reverse progress made since 2016 when major tax changes began to allow Australian startups to compete globally. Announcement The perception that tax policy impacts all businesses equally is increasingly challenged by the realities of the modern tech sector. According to Q-CTRL, the core of the problem lies in applying historical averages to an industry defined by outliers. Q-CTRL observes that the gap in effective tax rates could reach as high as 35 percentage points at the QSBS cap, creating a powerful incentive for founders and key employees to relocate to jurisdictions with more favorable tax treatment, exacerbating existing brain drain. The company's analysis reveals that the IBCC undermines the Government's legislated commitments to national innovation, potentially hindering Australia's ability to compete on the global stage. Stay current. See today's quantum computing news on Quantum Zeitgeist for the latest breakthroughs in qubits, hardware, algorithms, and industry deals. Announcement

Anyon and Q-CTRL bring self-calibrating quantum systems to enterprise data centers. June 3, 2026 Press play to listen to this content EMERYVILLE, Calif. and LOS ANGELES, June 3, 2026 - Anyon Technologies, a vertically integrated superconducting quantum supercomputing company founded by pioneers from Caltech and UC Berkeley, and Q-CTRL, a global leader in quantum infrastructure software, today announced a strategic partnership to bring full autonomy to Anyon's tightly GPU-coupled quantum supercomputing systems for data center deployment at scale. As quantum computing transitions from research labs toward early enterprise adoption, systems need to mature to meet the expectations for modern data center environments. Today's machines are highly manual, with bootup, calibration, and maintenance handled by specialist teams over lengthy cycles. The impact on deployment cost and uptime makes this model untenable at scale. By integrating Q-CTRL's Boulder Opal intelligent autonomy into Anyon's modular quantum architecture, the partnership delivers intelligent, data center-ready quantum infrastructure that automatically boots up and maintains its operational state, without constant specialist intervention. Q-CTRL's technology delivers autonomous calibration and maintenance, making it possible to embed quantum systems as a stable, on-demand hardware accelerator, ready for quantum workloads. By maximizing system uptime with sustained, peak performance and eliminating the need for expert manual intervention, Boulder Opal improves the usability and stability of Anyon Technologies systems, making quantum computing suitable for data-center deployments. "Anyon's modular quantum supercomputers, tightly coupled to NVIDIA GPUs via NVQLink, have been specifically architected for data center deployments, but the operational demands of quantum have been a continuous pain point for our customers," said Dr. Roger Luo, Co-Founder and CEO of Anyon Technologies. "The partnership with Q-CTRL means our users can take full advantage of our hardware from day one and accelerate their quantum projects without having to worry about low-level quantum calibration processes." "Quantum computing won't scale through manual calibration and specialist operation - it requires systems that run themselves," said Dr. Michael J. Biercuk, CEO and Founder of Q-CTRL. "Enterprise deployments depend on stable modular hardware paired with autonomous operational software. Anyon's vertically integrated superconducting platform provides that foundation, and with Boulder Opal, we're turning quantum computers into mature systems that maintain peak performance without constant human intervention." Contact Anyon Technologies to learn more about this integration or to place an order for Anyon's modular quantum supercomputers integrated with Q-CTRL's Boulder Opal. About Anyon Technologies Anyon Technologies (also known as Anyon Computing Inc.) is a quantum computing company that provides superconducting modular quantum supercomputers tightly coupled to NVIDIA GPUs via NVQLink for data center deployment at scale. Anyon was the first to commercially deploy NVIDIA NVQLink in a data center and is among the first four QPU backends integrated with NVIDIA CUDA-Q. Founded in 2021 by pioneers from Caltech and UC Berkeley, the company operates across the United States and Asia. Learn more at https://www.anyoncomputing.com. About Q-CTRL Q-CTRL is the pioneer in AI-powered infrastructure software for quantum technology, offering a hardware-agnostic software platform that makes quantum machines thousands of times more powerful. This opens many parallel market verticals in computing, sensing, and health, making Q-CTRL a ubiquitous quantum company based on a single unique technology. The company's marquee product is an unjammable, unspoofable, undetectable quantum navigation system that works when GPS is unavailable, is 100x better than the best alternative, and is being deployed on commercial aircraft with Airbus, in defense with Lockheed Martin, and on unmanned drones. The company's breakthroughs have been featured in The New York Times, The Wall Street Journal, Forbes, and Newsweek. Founded in 2017 by Professor Michael J. Biercuk, Q-CTRL operates globally from offices in Sydney, Los Angeles, San Francisco, Huntsville, Berlin, and Oxford. By combining streamlined quantum 'snapshots' with classical data analysis, a new hybrid framework helps today's... June 3, 2026 - The agentic AI moment has arrived, but delivering on its promise requires... Partnership paves the way to pair AI-enabled semiconductor design with GF's U.S. manufacturing platform to... June 3, 2026 - Commercial artificial intelligence (AI) development is progressing at a breathtaking pace... TAIPEI, Taiwan, June 3, 2026 - ASRock Rack Inc., a leading innovative server company, has... Funding through the latest NCRIS rounds will support Pawsey's ongoing operations and include $1.5 million...