European Firms Advance in Quantum Computing Race

March 25, 2024

Europe’s Quantum Computing Ambitions

In a bold move to shape the future of computing, European companies are setting their sights on quantum computing, a technology that promises to revolutionize fields from healthcare to cybersecurity. Dr. Cyril Allouche, head of quantum computing at Eviden, a French advance-computing company, is optimistic about quantum computing’s potential to break through the limitations of classical computing, particularly in drug discovery. “That would mean new drugs and less disease,” he stated.

While US companies have been in the limelight for their hefty investments in quantum computing, European businesses and scientists are working with equal resolve, albeit more quietly. The decision to invest in research today could be pivotal in leading or trailing in the adoption of this emergent technology.

Quantum computers operate on the principles of quantum physics, allowing them to process vast amounts of data at unprecedented speeds. Unlike classical computers that use binary code, quantum computers can exist in a state of superposition, where they can process zeroes and ones simultaneously. This capability could drastically reduce the time required for complex calculations.

Despite the theoretical nature of quantum computing at present, European researchers are not deterred. NEASQC (Next Applications of Quantum Computing), an EU-funded project led by Allouche, is exploring nine confidential use cases and includes partners like AstraZeneca and HSBC Bank. “Now is the time for industry to get interested,” Allouche urged.

Another initiative, QUCATS, aims to consolidate Europe’s fragmented quantum research landscape. Led by Professor Philippe Grangier of CNRS, QUCATS is creating strategies and facilitating cross-border collaboration to establish Europe as a ‘Quantum Valley.’

Dr. Thierry Botter, executive director of the European Quantum Industry Consortium (QuIC), emphasizes the importance of early engagement with quantum technologies. Companies like Airbus are already investigating quantum computing for aircraft design and fuel efficiency improvements.

Quantum cryptography is another critical area of research, with companies like LuxQuanta developing solutions to protect online communications against future quantum computers’ decryption capabilities.

However, Europe’s quantum journey is not without its challenges. A European Investment Bank study highlighted a significant funding gap compared to US counterparts. Botter calls for urgent action from the EU and Member States to provide capital for European quantum ventures.

With a vision for the future, Botter aspires for a quantum equivalent of Airbus, suggesting that today’s startups could become tomorrow’s industry giants. As Europe continues its pursuit in the quantum race, the next decade may well define its role in this transformative era of computing.

This article was originally published in Horizon, the EU Research and Innovation Magazine.

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