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Shanghai Opens Quantum Incubator, ¥100 M Boost for 26 Startups

7/3/2026

Summary

Story summary

Shanghai opened the Quantum Computing Future Industry Incubation Zone in Xuhui on June 30 2026 with 26 companies.
The zone provides up to 100 million yuan (US$14.73 million) for research and subsidies of up to 20 million yuan (US$2.9 million) for firms launching their first commercial products.
Officials aim to grow Xuhui’s quantum firms to over 100 within three years and raise their valuation to hundreds of billions of yuan, linking the cluster with AI leaders.

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Story summary

Shanghai opened the Quantum Computing Future Industry Incubation Zone in Xuhui on June 30 2026 with 26 companies.
The zone provides up to 100 million yuan (US$14.73 million) for research and subsidies of up to 20 million yuan (US$2.9 million) for firms launching their first commercial products.
Officials aim to grow Xuhui’s quantum firms to over 100 within three years and raise their valuation to hundreds of billions of yuan, linking the cluster with AI leaders.