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EU Unveils Quantum Strategy to Close Funding Gap and Boost Innovation by 2030

Europe’s plan will harness private capital to unlock public research funding for the commercial scale-up of quantum technologies

Executive Vice-president of the European Commission for Technological Sovereignty, Security and Democracy Henna Virkkunen holds a press conference after the European Commission College meeting in Brussels, Belgium January 15, 2025. REUTERS/Johanna Geron/File Photo

Overview

  • The EU launched its Quantum Strategy July 2 with the goal of securing global technology leadership by 2030.
  • Brussels seeks to attract private investors to address Europe’s share of just 5% of global quantum funding.
  • Public funding of over €11 billion in the last five years will underpin efforts to commercialize academic research.
  • The strategy commits to two grand challenges in quantum computing and navigation before 2027 and a Quantum Act in 2026.
  • Officials highlight national security risks from quantum decryption and plan export controls alongside measures to shield startups from foreign acquisition.