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The Quantum-Mechanical Model of an Atom02:45

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Path to European quantum unicorns.

Markku Räsänen1, Henrikki Mäkynen1, Mikko Möttönen1,2,3

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Summary
This summary is machine-generated.

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.

Keywords:
EUIndustrial policyQuantum computingUnicorn

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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.