Australia, India, Japan and U.S. Announce Continued Support for Quad Investors Network

Insider Brief

• The Quad Leaders Summit reaffirmed support for the Quad Investors Network (QUIN), which is driving investments in strategic technologies like clean energy, semiconductors and quantum.
• QUIN-backed initiatives include rare earth supply chains, space situational awareness, quantum-hardened cybersecurity, and hypersonic aerospace systems.
• New QUIN efforts include a startup campus and venture accelerator in Tokyo, alongside responsible investment principles to support emerging technologies across the Quad countries.

PRESS RELEASE — The governments of Australia, India, Japan and the United States recently announced their continued support for the Quad Investors Network (QUIN) at the 2024 Quad Leaders Summit hosted in Wilmington, Delaware.

We welcome private sector initiatives—including the Quad Investors Network (QUIN), which facilitates investments in strategic technologies, including clean energy, semiconductors, critical minerals, and quantum,” stated Prime Minister Anthony Albanese of Australia, Prime Minister Narendra Modi of India, Prime Minister Kishida Fumio of Japan, and President Joe Biden of the United States. “The QUIN is mobilizing a number of investments to promote supply chain resilience, advance joint research and development, commercialize new technologies, and invest in our future workforce.”

The announcement was made in The Wilmington Declaration Joint Statement from the Leaders of Australia, India, Japan, and the United States, published at the conclusion of the Summit.

In its annual Report to the Quad Leaders, also published on September 21^st, the QUIN announced the investments highlighted in the joint statement. These include the following supported deals and joint ventures:

• RZ Resources, an Australian-owned critical minerals company with partnerships with Indian, Japanese and American entities for rare earth element supply.
• LeoLabs, a U.S. advanced space situational awareness company as it pursues collaboration with Quad commercial, investment, and government partners.
• Waaree, an Indian renewable energy company, as it completes a substantial number of solar projects with combined manufacturing capacity exceeding 12 Gigawatts, including large-scale operations in Texas.
• Qanapi, an Australian-U.S. quantum-hardened cybersecurity encryption company, which has partnered with a Fortune 50 technology firm, on its fundraising and market expansion efforts.
• An estimated $400 million joint venture between the Indian firm UPL and U.S. company FXE to manufacture advanced cathode materials for lithium-ion batteries and other advanced materials in the U.S.
• Venus Aerospace, an advanced aerospace company that is developing reusable hypersonic systems with cutting-edge engine technology. The QUIN is working closely with Venus Aerospace for potential investments, market entry, and flight testing in Australia.

The QUIN also announced three new initiatives in the Report, including:

• A Memorandum of Understanding for the creation of a startup campus in Tokyo, supported by the QUIN and the Chiba Institute of Technology’s Center for Radical Transformation.
• A plan to develop a new venture accelerator in Tokyo through a collaboration between the University of Tokyo, Northeastern University, and the QUIN.
• A set of voluntary investment principles that guide responsible investment in emerging technologies, focused on universal values, economic liberty, regional stability, and sustainable development.

Finally, the QUIN provided a status update on its Quantum Center of Excellence, which produced a report this year highlighting ways each Quad countries’ Quantum ecosystems can work together to collectively leverage capital and expertise.

“The whole point of the QUIN is to bring together talent, capital, ideas, and institutions to accelerate cross border opportunities,” said Gilman Louie, Chairman of the QUIN. “The investments highlighted in the Joint Statement promise to do just that, and we are grateful for the support of the Australian, Indian, Japanese, and U.S. Governments.”

“The cross border investments and strategic partnerships announced today are just the beginning,” said Robert Roche, Vice Chair of the QUIN. “Incredible opportunities are waiting to be unlocked across the Quad countries, including a Quad-wide innovation ecosystem we hope to build.”

In the coming months, the QUIN anticipates supporting public-private events at various convenings and seeks to further deepen public-private partnerships and explore new avenues for investment and innovation. The QUIN remains committed to fostering innovation, cultivating entrepreneurship, and driving the growth of critical and emerging technologies across the Quad markets. By aligning investments with shared values and strategic interests, the QUIN is playing a pivotal role in building a more prosperous, secure, and resilient Indo-Pacific region.