Research Note: The Chicago Quantum Exchange
The Chicago Quantum Exchange was founded under the leadership of David Awschalom, who serves as its director and holds the position of Liew Family Professor in Molecular Engineering and Physics at the University of Chicago. The Exchange was established through the University of Chicago's Pritzker School of Molecular Engineering as an anchor institution to create a quantum ecosystem in the Chicago region. The founding partnership included major research institutions like Argonne National Laboratory and Fermi National Accelerator Laboratory (both operated for the Department of Energy by the University of Chicago). Later, the University of Illinois Urbana-Champaign and the University of Wisconsin-Madison joined as core members to strengthen the regional quantum research network. Since its founding, the Exchange has grown to include nearly 50 partners and has become one of the largest collaborative teams working on quantum information science globally.
The Chicago Quantum Exchange's mission is to advance the science and engineering of quantum information while preparing the quantum workforce and driving the quantum economy. It serves as an intellectual hub that connects leading academic institutions, national laboratories, and industry partners to facilitate breakthroughs in quantum research and development. The Exchange focuses on translating quantum discoveries into practical applications through collaborative research projects and partnerships with industry leaders. A key part of its mission involves developing the next generation of quantum scientists and engineers through educational programs, internships, and professional development opportunities. The organization also works to establish Chicago and the broader Midwest region as a global leader in quantum technology by fostering an ecosystem that supports innovation, entrepreneurship, and economic growth.
The Chicago Quantum Exchange is funded through a combination of major institutional, governmental, and corporate sources. The University of Chicago serves as the primary institutional anchor, providing significant base funding and infrastructure support through its Pritzker School of Molecular Engineering. Federal funding comes from multiple sources, including the U.S. Department of Energy (which supports both Argonne National Laboratory and Fermilab), the National Science Foundation (which funds initiatives like the Quantum Foundry), and various other government agencies involved in the National Quantum Initiative. Corporate funding comes from member companies and partners, with major investments from tech giants like IBM ($100 million for the new quantum center), Google, and Intel, as well as contributions from other industry partners in finance, technology, and manufacturing sectors. Additional funding sources include state and local government initiatives, such as the State of Illinois' support for quantum infrastructure projects. The Exchange also receives funding through research grants, educational program fees, and industry partnership agreements, though specific amounts are not publicly detailed in the documents.