The European Union aims to secure private funding to enhance its position in quantum technology by 2030, as stated by EU tech chief Henna Virkkunen. The EU has invested over €11 billion ($13 billion) in public funding over the last five years but currently captures only 5% of global private investments in the sector. The EU Quantum Strategy will promote collaboration in research, infrastructures, and support local startups to retain competitive edge against foreign entities.
The European Union aims to secure private funding to enhance its position in quantum technology by 2030, as stated by EU tech chief Henna Virkkunen. The EU has invested over €11 billion ($13 billion) in public funding over the last five years but currently captures only 5% of global private investments in the sector. The EU Quantum Strategy will promote collaboration in research, infrastructures, and support local startups to retain competitive edge against foreign entities.