---
title: Moore Announces $1B ‘Capital of Quantum’ Initiative Centered at UMD
date: 2025-01-14T17:00:00-05:00
author: University of Maryland
canonical_url: "https://today.umd.edu/moore-announces-1b-capital-of-quantum-initiative-centered-at-umd"
section: Articles
---
# Moore Announces $1B ‘Capital of Quantum’ Initiative Centered at UMD

*January 14, 2025* — by [Maryland Today Staff](/author/maryland-today-staff)


> Strategic Partnership Aims to Cement State, D.C. Region as World-Leading Quantum Science and Innovation Hub

*Quantum Announcement Ion Q 01142025 SC 0767 1920x1080 — From left, a group including IonQ President and CEO Peter Chapman, Maryland Lt. Gov. Aruna Miller, Gov. Wes Moore and UMD President Darryll J. Pines tour the quantum computing company's headquarters in the university's Discovery District, where each spoke at a Tuesday event heralding the launch of the $1B "Capital of Quantum" initiative.*

Maryland Gov. Wes Moore on Tuesday joined University of Maryland President Darryll J. Pines and IonQ President and CEO Peter Chapman to announce a landmark public-private partnership to catalyze $1 billion in investments and position the state as a global leader in quantum information science and technology.

The “Capital of Quantum” initiative was introduced at an event highlighting Moore’s 2025 economic growth agenda held at IonQ, a leading quantum computing and networking firm founded on UMD research and headquartered in the university’s Discovery District.


*Gov. Wes Moore speaks at podium — Maryland Gov. Wes Moore speaks to the crowd at IonQ on Tuesday.*


*Darryll J. Pines speaks at podium — UMD President Darryll J. Pines*




**Topics:** [Research](https://today.umd.edu/tags/research)


**Tags:** [Quantum Science](https://today.umd.edu/topic/quantum-science), [Research](https://today.umd.edu/topic/research)