The EU will set out plans on Wednesday to pool funding and expertise in quantum computing, in a bid to build a competitive European ecosystem in a technology seen as key to future economic leadership.
The move attempts to address financing gaps that risk undermining Europe’s efforts to develop a potentially transformative technology, just as the sector emerges from research to look for market opportunities.
Henna Virkkunen, the European Commission vice-president overseeing tech policy, told the Financial Times: “Quantum is something [in which] the European Union is already very strong, especially when we look at our scientific sector, but we also have promising start-ups.”
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