• Tue. Nov 28th, 2023

    Critical Thought

    Critical thoughts on quantum technologies

    Europe’s Quantum Technology Sector Gears Up for EQTC 2023

    ByThemba Hadebe

    Nov 15, 2023
    Europe’s Quantum Technology Sector Gears Up for EQTC 2023

    The European Quantum Technologies Conference (EQTC) is set to bring together stakeholders from Europe’s flourishing quantum ecosystem for a week-long event in Hannover. From October 16-20, participants will have the opportunity to learn about the latest research breakthroughs, funding opportunities, and business launches in the quantum industry. The conference aims to showcase Europe’s expertise and establish its position as a leader in the global quantum field.

    According to Dr. Gustav Kalbe, directorate-general for communication networks, content, and technology at the European Commission, “Quantum is a game-changer for Europe.” He believes that EQTC 2023 will serve as a platform to highlight Europe’s quantum leadership and the increasing collaboration within the sector.

    A recent survey conducted by the Quantum Flagship, a European initiative focused on quantum technologies, revealed positive progress towards the Flagship’s 2030 goals. Some notable achievements include an 18.6 percent increase in ecosystem venture-capital, seed funding, and EU public investment, reaching €408 million in 2022. This amount represents 40.8 percent of the goal to reach €1 billion by 2030. Additionally, the number of quantum start-ups, spinoffs, incubators, accelerators, and public/private joint ventures in Europe increased by 20.25 percent to 95, accounting for 38 percent of the target to reach 250 by 2030.

    These findings demonstrate the vitality and focus of Europe’s quantum sector in pursuing realistic goals within the industry. Philippe Grangier, coordinator of the Quantum Flagship CSA QUCATS, emphasized the importance of structuration and collaborative efforts in the sector’s growth. He stated that this progress is crucial as it combines research with practical applications and solutions for various industries.

    EQTC 2023 aims to highlight Europe’s standing as a global leader in quantum technologies. The Quantum Flagship has become an integral part of European initiatives that promote the development of quantum science and technology, establish quantum systems units, facilitate industry transfers, and build quantum infrastructures. These efforts are geared towards accelerating the adoption of quantum technologies in various industrial sectors.

    This edition of EQTC promises to showcase the advancements and successes of Europe’s quantum technology sector to a global audience. The conference will provide valuable insights into Europe’s position as a world leader in quantum and the initiatives driving its future growth.

    Frequently Asked Questions (FAQ)

    What is the European Quantum Technologies Conference?

    The European Quantum Technologies Conference, or EQTC, is an annual event that brings together stakeholders from Europe’s quantum ecosystem. It provides a platform for researchers, entrepreneurs, and policymakers to share knowledge, discuss breakthroughs, and explore business opportunities in the quantum industry.

    What are the goals of EQTC 2023?

    EQTC 2023 aims to showcase Europe’s expertise and leadership in the quantum field. The conference will provide updates on research breakthroughs, funding opportunities, business launches, and the pathway to Europe’s global leadership in the quantum industry.

    What is the Quantum Flagship?

    The Quantum Flagship is a European initiative that focuses on advancing quantum technologies. It aims to accelerate the development of quantum science and technology, foster collaboration between academia and industry, and promote the adoption of quantum technologies in various sectors.

    What were the key findings of the recent Quantum Flagship survey?

    The survey revealed significant progress in the European quantum sector. It showed an increase in venture-capital funding, seed funding, and EU public investment. The number of quantum start-ups, spinoffs, incubators, accelerators, and public/private joint ventures also saw positive growth. These findings reflect Europe’s commitment to realistic goals and the overall maturation of the quantum industry.

    How does EQTC contribute to the growth of the quantum sector?

    EQTC provides a platform for networking, knowledge sharing, and collaboration among stakeholders in the quantum field. By showcasing Europe’s advancements and successes, the conference raises awareness and attracts investment to the region. It fosters collaboration, accelerates innovation, and promotes the adoption of quantum technologies across industries.