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Updated: Nov 15, 2025

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Published on: May 30, 2014
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Path to European quantum unicorns.
Markku Räsänen1, Henrikki Mäkynen1, Mikko Möttönen1,2,3
1IQM, Keilaranta 19, 02150 Espoo, Finland.
Summary
Creating quantum computing businesses in the European Union (EU) is difficult due to high costs and a lack of market support. This paper suggests fostering "quantum unicorns" to drive innovation and commercialization within the EU.
Area of Science:
- Quantum Computing
- Technology Commercialization
- Economic Development
Background:
- The European Union (EU) recognizes quantum computing's potential for economic growth.
- Significant investment in specialized workforce and infrastructure is required.
- A nascent market presents financial challenges for quantum computing startups.
Purpose of the Study:
- To review the EU's current quantum computing ecosystem.
- To propose strategies for fostering EU-based quantum computing businesses.
- To identify pathways for creating 'quantum unicorns' to drive commercialization.
Main Methods:
- Review of EU quantum computing initiatives and ecosystem status.
- Analysis of investment requirements and market challenges.
- Proposal of concrete actions and best practices for unicorn creation.
Main Results:
- The EU quantum computing ecosystem is currently scattered.
- High investment needs necessitate strategic company formation.
- Quantum unicorns can act as focal points for technology and commercialization.
Conclusions:
- Fostering EU-based quantum computing unicorns is crucial for economic prosperity.
- These companies can stabilize the ecosystem and enhance global competitiveness.
- Strategic actions are needed to support the growth and impact of quantum technology in the EU.
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