At the Quad Leaders’ Summit in Hiroshima on May 20, 2023, the four member governments officially launched the Quad Investors Network (QUIN), a private-sector-led platform to facilitate investment in critical and emerging technologies across the Quad nations. According to the summit fact sheet, quantum was listed among the QUIN’s ten core strategic technology sectors alongside clean energy, semiconductors, critical minerals, artificial intelligence, and advanced telecommunications.
The QUIN was structured to facilitate access to capital and technology partnerships through an Advisory Board of business leaders and expert working groups. Its stated purpose was to increase resilient supply chains for critical and emerging technologies by connecting investors, entrepreneurs, technologists, and public institutions from Australia, India, Japan, and the United States.
Leaders also released Principles on Critical and Emerging Technology Standards at the summit, supporting industry-led, consensus-based, multi-stakeholder approaches to technology standards underpinned by values of trust, transparency, openness, security, impartiality, and interoperability. A Memorandum of Cooperation between the export credit agencies of the four Quad governments was also announced.