On Tuesday, September 10, Matt Cimaglia, Founder and Managing Partner of Quantum Coast Capital, took the stage at the Quantum World Congress in Washington, D.C., to discuss the critical role of balancing public and private investment in quantum technologies. Speaking on the Government & Security track alongside industry leaders Eugene Chiu (IQT) and Martin Laforest (Quantacet), the discussion was expertly moderated by George Thomas, President & CEO of Connected DMV. Matt shared insights into how strategic partnerships between public and private sectors can accelerate quantum innovation while ensuring sustainable growth.
During the discussion, Matt emphasized the importance of aligning public funding with private investment to foster a thriving quantum ecosystem. While government programs provide essential support for fundamental research, private investment is crucial for scaling quantum startups and driving commercialization. Matt also highlighted the challenges startups face when navigating between these two spheres, particularly in areas like hardware development, where long timelines and significant capital are required. “To truly unlock the transformative potential of quantum technologies, we need a framework that integrates public and private resources, creating opportunities for collaboration that benefit everyone in the ecosystem,” Matt said.
The panel also explored the role of government in shaping policy and providing funding mechanisms that encourage private sector participation. As global competition in quantum intensifies, discussions underscored the need for a coordinated approach that ensures national security, economic competitiveness, and scientific leadership. By the end of the session, attendees left with actionable insights into how public and private sectors can work together to address critical gaps and accelerate the journey from research to real-world applications. The Quantum World Congress once again proved to be a vital platform for advancing conversations that will define the future of quantum technology.