The European Union (EU) has unveiled ambitious strategies to position itself as a global leader in quantum technology and life sciences by 2030.
On Wednesday, the European Commission introduced two comprehensive plans focusing on bolstering research and innovation across these cutting-edge sectors. The quantum strategy outlines actions in five key areas: research and innovation, quantum infrastructure, ecosystem development, space and dual-use technologies, and skills development.
Over the past five years, the EU and its member states have invested 11 billion euros (about $13 billion) in quantum research. According to Commission data, the global quantum sector is projected to reach a value of 155 billion euros by 2040. This investment aims to accelerate the EU’s advancements and competitiveness in this rapidly growing field.
In the realm of life sciences, the EU’s strategy focuses on strengthening the research and innovation ecosystem and accelerating the market access for medical breakthroughs. As part of this plan, the Commission will mobilize 300 million euros to boost the uptake of life science innovations. These innovations target critical areas such as climate change adaptation, next-generation vaccines, and affordable cancer treatments.
The European Commission acknowledged that the EU has been facing challenges from global competitors in both sectors. Fragmented innovation ecosystems and slower industrial and market uptake have contributed to this. The new strategies aim to address these issues by fostering collaboration, increasing investments, and streamlining processes to bring innovations to market more efficiently.
This initiative represents a significant step for the EU as it seeks to enhance its global standing in technology and science. By investing in these areas, the EU hopes to drive economic growth, create jobs, and address some of the most pressing challenges facing the world today.
