{"id":625800,"date":"2024-06-27T18:32:36","date_gmt":"2024-06-27T15:32:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/europe-is-pouring-public-funds-into-quantum-tech-startups-report-says\/"},"modified":"2024-06-27T18:32:36","modified_gmt":"2024-06-27T15:32:36","slug":"europe-is-pouring-public-funds-into-quantum-tech-startups-report-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/europe-is-pouring-public-funds-into-quantum-tech-startups-report-says\/","title":{"rendered":"#Europe is pouring public funds into quantum tech startups, report says"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35abb863704\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35abb863704\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/europe-is-pouring-public-funds-into-quantum-tech-startups-report-says\/#European_national_quantum_investments\" >European national quantum investments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/europe-is-pouring-public-funds-into-quantum-tech-startups-report-says\/#Europe_leads_in_quantum_tech_scientific_publications\" >Europe leads in quantum tech scientific publications<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"article-main-content\">\n                            <span style=\"font-weight: 400;\">A report published today by McKinsey on the state of the global quantum tech sector has found that Europe is spending more and more in public funding on technologies such as quantum computers, quantum sensors, and quantum communications.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Quantum <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> is increasingly recognised as being of high geopolitical and strategic importance. Governments are drafting national quantum strategies, and many quantum computing and other quantum tech projects are overseen by ministries of defence.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The technology could also add trillions of dollars in value across several different industries in the next ten years. With Europe progressively focused on \u201cdigital sovereignty,\u201d it is perhaps therefore not surprising that it is spending increasing amounts of public funds on this nascent sector.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Significant commitments from European governments have contributed to global public funding for quantum tech increasing by 50% over the past couple of years. Countries including Germany, the Netherlands, and the UK have recently launched or expanded national projects, bringing the total global public funding to date to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately $42bn.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"European_national_quantum_investments\"><\/span><strong>European national quantum investments<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/p>\n<div class=\"channel-cta-input\">\n<p class=\"channel-cta-title\">The &lt;3 of EU tech<\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><span style=\"font-weight: 400;\">The UK\u2019s national quantum strategy has unlocked $3.1bn over 10 years from 2024 for a total of $4.3bn. Germany recently announced additional investments of $2.25bn over three years towards the <\/span><span style=\"font-weight: 400;\">development of a fault-tolerant quantum computer<\/span><span style=\"font-weight: 400;\"> through its Action Plan for Quantum Technologies, hitting a total of $5.2bn.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">France has committed $2.2bn, the Netherlands $1bn (with Quantum Delta NL recently receiving $66mn from the National Growth Fund), Denmark $406mn, Austria $127mn, Spain $67mn, and Finland $27mn.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On a sole country level, this pales in comparison to China, which is spending $15.3bn in state funds. However, the US government has only committed $3.8bn, with the entire amount announced before last year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While VC and other private investment make up over 80% of quantum tech funding globally, it is still lagging behind in Europe, trailing public spending. There is no reliable data for private investment in quantum technology in China. However, in the US, private investment in quantum far exceeds public support, making up over 90% of total funding.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Globally, quantum technology startups saw a decline in VC investment in 2023 (by 27%). However, this was still a smaller decrease than across all tech startup sectors (38%). A majority of the funding for quantum went to companies founded five or more years ago, indicating a preference for more mature technology and companies with already developed commercial use cases focused on scaling.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Europe_leads_in_quantum_tech_scientific_publications\"><\/span>Europe leads in quantum tech scientific publications<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The number of new startups in the space is dwindling, with only 13 new companies started in 2023. Reasons for this are an investor preference for new AI startups, along with overall capital market situation, as well as talent shortage issues.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Encouragingly, the report also found an increase in quantum technology programs offered by universities \u2014 and the EU taking the lead when it comes to the number of graduates in related fields. EU scientists also lead in academic publications, followed by China and the US.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report covers quantum computing, quantum sensing, and quantum communication. You can read it in its entirety <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.mckinsey.com\/capabilities\/mckinsey-digital\/our-insights\/steady-progress-in-approaching-the-quantum-advantage#\/\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/europe-quantum-tech-public-funding-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A report published today by McKinsey on the state of the global quantum tech sector has found that Europe is spending more and more in public funding on technologies such as quantum computers, quantum sensors, and quantum communications.\u00a0 Quantum technology is increasingly recognised as being of high geopolitical and strategic importance. Governments are drafting national&#8230;<\/p>\n","protected":false},"author":1,"featured_media":625801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280%2C640&url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2024%2F02%2FFinlands-quantum-computer-ecosystem-IQM-e1708345294107.jpg&signature=a54e43b2a7cd4aa2b4f78db1028abd17","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-625800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/625800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=625800"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/625800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/625801"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=625800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=625800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=625800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}