S4E7: Scott Sternberg - The Quantum Wave: Technology, Growth, and Colorado's Role

2025 has been designated the International Year of Quantum by UNESCO, marking 100 years since the creation of quantum mechanics. In that century, the ideas have moved from laboratories and lecture halls to everyday products and a wide general understanding of some principles. How can businesses position themselves to take advantage of the opportunities quantum will create going forward?Scott Sternberg is the executive director of the University of Colorado Boulder CUbit Quantum Initiative. Scott has an extensive background in leadership and business development, and has a strong commitment to encouraging the long-term sustainable growth of the initiative and Colorado’s quantum economy as a whole.In this episode, Scott explains the basic principles of quantum science and its evolution over the past century. He highlights how recent advancements have led to practical applications like quantum computers and sensing technologies that promise to revolutionize various industries. With a focus on Colorado's leading role in quantum research and economic development, Scott and Maria talk about the goals and strategies of the CUbit Quantum Initiative. He also emphasizes the importance of interdisciplinary collaboration, student engagement, and community awareness to foster growth in the quantum economy.Leeds Business Insights Podcast is a production of Leeds School of Business and is produced by University FM.EPISODE QUOTES:Quantum, explained simply[01:05] So the word quantum actually relates to the physics or the mathematics that occurs at the very, very small scale—that is to say, at the scale of atoms or even at some atomic levels. And when you start to observe what is happening in terms of the interaction between light and atoms, or atoms with other atoms, you start to see a very different behavior than what we experience in what we call the macroscopic world. So, as we throw a ball and it follows an arc and someone catches it on the other end, we're very in tune with exactly the physics that dominates that trajectory. But when you go into the atomic level and the subatomic level, things behave much, much differently. So, about a hundred years ago, this observation of this new world was starting to come into view, and there was a whole new mathematics around what we call quantum mechanics that was created.Quantum’s around us [05:46] Quantum's around us; you may not realize it, but it's this recent awareness that the impacts to society from quantum computing have really brought this to the forefront for conversation.Why Colorado needs to be at the center of this innovation hub[09:18] We have been recognized by the Economic Development Administration through a technology and innovation hub grant that was submitted by an organization called Elevate Quantum as the tech hub for quantum science in the nation. And so, it's this long history that we have—investing in fundamental science, growing into engineering, growing into the interdisciplinary spaces in the other colleges and departments—that has spawned these companies to come out that have kind of taken traction here in the region. And that was, quite frankly, the core of our argument as to why Colorado needs to be at the center of this technology and innovation hub. SHOW LINKS:Scott Sternberg | LinkedInScott Sternberg | CU Boulder ProfileCUbit Quantum InitiativeCUbit Update | Newsletter