October 06, 2023

Unlocking Europe's Quantum Potential


Quantum technology is not just a buzzword—these technologies are strategic assets with value acknowledged by EU institutions. The success of the EU startups and scaleups developing these assets—which are likely to become Europe's future tech giants—relies heavily upon their access to capital. Adequate financial resources are the lifeblood that transforms scientific leadership into commercially viable industrial prowess.

While the EU and its member states have established funding mechanisms to support local quantum companies, their implementation falls short of their intended objectives. This outcome is behind the troubling trend that sees the EU starting to lag behind other global players, deploying insufficient capital to keep up with the rapid growth of competitors in the quantum technology sector.

Full article here