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Spain launches €800m quantum strategy

Spain launches €800m quantum strategy

Business news |
By Nick Flaherty



The Government of Spain has launched its first Quantum Technologies Strategy with an investment of €800 million.

The funding aims to boost the Spanish quantum ecosystem, both in research and in the market, and prepare society for the change that these technologies represent.

The strategy runs until 2030 with funding from Europe’s ERDF funds and the Recovery, Transformation and Resilience Plan. Both lines of funding also have the potential to attract public and private investments that could raise the total investment to an estimated €1.5 billion. This builds on a €300m investment last year.

This aims to encourage funding for infrastructure and industrial application use cases in quantum computing, networking and sensors. One of the biggest potential beneficiaries is Multiverse Computing, a leading quantum firm based in Barcelona.

The funding will boost scaling up of Spanish quantum companies, with algorithmic and technology convergence between quantum and AI.

A €10m quantum communications hub, similar to the one launched in the UK, aims to boost the development of use cases in this field; the promotion of research and development in quantum photonics, and the implementation of training and dissemination initiatives. However this also risks falling behind the US.

“The digital transformation we are undergoing is driving disruptive technologies that will change the world as we know it. One of these is quantum, where competition for global leadership is starting to intensify. The quantum race will not be easy, but Spain can and needs to specialise in specific sectors such as quantum communications. This is a sector that will be transcendental to protect critical environments such as financial transactions and energy distribution networks,” said Óscar López, Minister for Digital Transformation and Public Function, Óscar López (above).

“The Quantum Technologies Strategy we are presenting today is a giant step towards making Spain a leading country in this field”, said Diana Morant, Minister for Science, Innovation and Universities. “Investing in quantum research and transferring this knowledge to industry is a commitment to our ability to lead the disruptive innovations that will define the 21st century.”

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