Quantum computing, a technology once limited to theoretical models, is poised to become a widespread reality and commercial opportunity in the future. Unlike classical computers that use bits (0s and 1s), quantum computers use qubits that can exist in multiple states simultaneously due to superposition. This allows them to handle vast amounts of data and perform computations in parallel.
In Central and Eastern Europe (CEE), the region is experiencing a surge of interest and activity in quantum technology. Academic institutions and research centers in countries like Poland and Hungary are participating in quantum research projects, contributing to the growth of quantum knowledge and expertise within the region.
Investment in quantum tech startups in Europe is focused on four main areas: quantum computers and processors, quantum cryptography, quantum computing software, and quantum chemistry and AI for chemical/biotech. VC investment in these areas is steadily increasing, although the technology still requires substantial budgets for experimentation and the development of minimum viable products.
Despite the challenges, CEE startups are emerging in the quantum technology scene. Poland, in particular, is among the countries with the highest number of quantum technology startups in the region. These startups are leveraging the region’s robust talent pool in mathematics and computer science to drive innovation in quantum technologies.
Building a comprehensive quantum ecosystem in CEE requires time, collaboration, and substantial funding. Challenges remain in terms of securing the necessary infrastructure and competing with global quantum powerhouses. However, the region can position itself effectively by fostering academic and research collaborations, attracting investment, and strengthening its overall quantum infrastructure.
Sources:
– The European Deep Tech Report 2023
– Katerina Syslova from Tensor Ventures
– Enis Hulli from 500 Emerging Europe
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2023-10-16 09:49:56
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