(VentureBeat) Europe is working to establish a beachhead in quantum computing and funding for quantum technology offers Europe reason for optimism in this regard. While 32% of 2019 quantum funding went to U.S. and Canadian startups–European companies raised 58%, compared to only 5% for companies in Asia.
Europe Positioning Itself as Attractive Hub Overall for Cutting-Edge Technologies
The European continent is making big strides in positioning itself as an attractive hub overall for cutting-edge technologies including quantum computing, computer vision, robotics, nanotech, and blockchain. Across these categories, European startups are on track to raise $8.4 billion in 2019, up from $6.7 billion last year and $3 billion in 2015.
The U.K. continues to lead the deep tech push, attracting $2.9 billion of this year’s investments and bringing its total in this category to $10 billion since 2015. Following just behind are France and Germany, which together accounted for $2 billion of the deep tech investing this year.
European leaders hope to gain leadership in deep tech by leveraging the continent’s scientific talent after falling far behind Silicon Valley in entrepreneurship and startups. Europe is working to further establish a beachhead in quantum computing.
Related: IQT-NYC event announcement.
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