The European Union has introduced its inaugural quantum strategy aimed at positioning itself as a leader in this sector by 2030, reducing reliance on the US and China.
Goals of the EU Quantum Strategy
Executive Vice-President Henna Virkkunen stated that despite over €11 billion in public investment over the last five years, the EU must attract significantly more private capital to compete with the US and China. The strategy aims for member states to pool research, share infrastructure, and cultivate a startup ecosystem.
Practical Applications of Quantum Technologies
Quantum technologies are beginning to have real-world applications in medicine. For instance, next-generation radio scanners enhanced by quantum algorithms promise unprecedented precision in cancer and neurological scans. Quantum gravimeter devices are set to revolutionize water resource management and enhance earthquake early-warning systems.
Challenges and Future of Quantum Startups in Europe
Virkkunen highlighted that European quantum startups face risks of being acquired by better-funded foreign competitors or relocating to regions with richer venture capital markets. To address these challenges, the Commission plans to propose the 'Quantum Act' in 2026, aimed at accelerating private investments and improving cross-border coordination.
The EU's strategy on quantum technologies seeks to forge a unified path to ensure Europe's competitiveness on a global scale. Virkkunen emphasized the need for immediate action to increase production and drive real-world applications.
