The EU is set to unveil a new strategy aimed at increasing funding for quantum computing start-ups and reducing reliance on US technology. This initiative involves scaling up both public and private funding mechanisms, addressing the shortage of technical skills in quantum sciences, and fostering industrial capacity. A key focus is creating support systems for quantum computing start-ups and scale-ups within Europe, potentially establishing new funding channels for firms developing quantum applications.
To drive quantum innovation in Europe, funding and procurement models must be outcome-oriented and tailored to industry needs. Milestone-based funding models can enable continued support for projects demonstrating tangible results at mid-term evaluation. A unified European quantum investment fund should consolidate public initiatives and empower public investors to lead funding rounds. Flexible public investment instruments, such as grants and equity, should be complemented by incentives that attract private capital, including co-investment models and innovation tax credits.
The EU's approach targets several limitations in the current landscape. The strategy integrates with Europe’s broader digital policy framework, connecting to initiatives like the Draghi Report on competitiveness and the European Declaration on Quantum Technologies. This strategic move is part of Europe’s broader strategic autonomy agenda, highlighting the EU’s determination to establish technological sovereignty in this critical field.
