The European Commission has unveiled five pillars for boosting Europe's competitiveness in quantum computing, a rapidly growing technology that can solve problems too complex for classical computers. These pillars will form the basis of an action plan outlined in the EU Quantum Declaration. However, the Commission has not yet disclosed the budget or expected timeline for the plan.

As announced by the Commission, the five pillars include supporting startups and SMEs, investing in quantum research, expanding the quantum investment pool, fostering international cooperation, and ensuring effective coordination at both EU and member state levels. The EU is also actively engaging with Japan, South Korea, and the US to form strategic partnerships in quantum computing.

About EU Quantum Declaration

The aim of the EU Quantum Declaration is not only to ensure Europe's competitiveness in quantum computing but also to make it a powerhouse in this technology.

The EU Quantum Declaration is a significant agreement that aims to foster collaboration among EU member states in the development of quantum technologies. As of now, 21 member states have signed this declaration, recognising the strategic importance of quantum technologies for the scientific and industrial competitiveness of the EU. The declaration commits signatories to work together to create a world-class quantum technology ecosystem across Europe, with the ultimate goal of positioning Europe as the global leader in quantum excellence and innovation. This initiative is part of the European Commission's plan for the Digital Decade and aligns with the quantum flagship, one of Europe's most ambitious research initiatives launched in 2018 with a budget of at least E1 billion over 10 years

Why does it matter?

Quantum computers have capabilities beyond those of supercomputers, leading to a global race among world powers to develop them. Europe currently boasts 25% of the world's small firms in quantum, positioning it favourably in comparison to other fields like AI. However, challenges remain, including the need to attract and nurture a skilled talent pool and reduce reliance on non-EU suppliers for critical components and raw materials.