The Quad has prioritised supporting and guiding investment in critical and emerging technology projects consistent with its intent to maintain a free and open Indo-Pacific.

Governments cannot do this alone. Success requires a concerted and coordinated effort between governments, industry, private capital partners and civil society.

To explore opportunities and challenges to this success, the Quad Critical and Emerging Technology Working Group convened the inaugural Quad Technology Business and Investment Forum in Sydney, Australia on 2 December 2022. The forum was supported by the Australian Department of Home Affairs and delivered by the Australian Strategic Policy Institute (ASPI).

The forum brought together senior Quad public- and private-sector leaders, laid the foundations for enhanced private–public collaboration and canvassed a range of practical action-oriented initiatives. Sessions were designed to identify the key challenges and opportunities Quad member nations face in developing coordinated strategic, targeted investment into critical and emerging technology.

Attendees of the forum overwhelmingly endorsed the sentiment that, with our governments, industry, investors and civil society working better together, collectively, our countries can lead the world in quantum technology, artificial intelligence, biotechnology and other critical and emerging technologies.

This report reflects the discussions and key findings from the forum and recommends that the Quad Critical and Emerging Technology Working Group establish an Industry Engagement Sub-Group to develop and deliver a Quad Critical and Emerging Technology Forward Work Plan.