{"id":15990,"date":"2025-08-22T10:56:22","date_gmt":"2025-08-22T10:56:22","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/15990\/"},"modified":"2025-08-22T10:56:22","modified_gmt":"2025-08-22T10:56:22","slug":"a-new-tech-race-is-on-can-europe-learn-from-the-ones-it-lost-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/15990\/","title":{"rendered":"A new tech race is on. Can Europe learn from the ones it lost? \u2013 POLITICO"},"content":{"rendered":"<p>\u201cRaising a scale-up in Europe is super difficult, because we lack the European instruments, the European venture capital &#8230; large enough to support that,\u201d said Enrique Lizaso, CEO of Spanish software company Multiverse Computing, which is crossing quantum-inspired software applications with artificial intelligence. <\/p>\n<p>Multiverse last month <a href=\"https:\/\/multiversecomputing.com\/resources\/multiverse-computing-raises-usd215m-to-scale-ground-breaking-technology-that-compresses-llms-by\" target=\"_blank\" rel=\"nofollow noopener\">raised<\/a> \u20ac189 million in a funding round that included both U.S.-based and European investors. <\/p>\n<p>Lizaso said that if Europe wants to help scale its companies it must be prepared to invest \u20ac100 million per company, \u201cwhich is what you&#8217;re going to have from the U.S.\u201d<\/p>\n<p>According to IQM\u2019s Vartiainen, \u201cwe would need to have funding levels which are significantly larger than they have been so far.\u201d<\/p>\n<p>In an interview Tuesday, the EU\u2019s tech commissioner Henna Virkkunen said that Brussels and the capitals have jointly funded quantum technology with \u20ac11 billion. \u201cNow it\u2019s important, because we are quite fragmented, that we are putting different dots together,\u201d she said.<\/p>\n<p>Picking winners<\/p>\n<p>Both Brussels and EU capitals have rolled out public funding plans to complement private funding, but the industry fears these are insufficient and lack focus.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cRaising a scale-up in Europe is super difficult, because we lack the European instruments, the European venture capital&hellip;\n","protected":false},"author":2,"featured_media":15991,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[262],"tags":[289,10006,14445,14446,381,6391,6930,314,6931,7266,18,10170,5489,19,4286,3536,3113,17,188,11028,14447,317,11994,172,864,82,384,256],"class_list":{"0":"post-15990","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-artificial-intelligence","9":"tag-buildings","10":"tag-capital-markets-union","11":"tag-cecilia-bonefeld-dahl","12":"tag-china","13":"tag-communications","14":"tag-companies","15":"tag-computing","16":"tag-connectivity","17":"tag-development","18":"tag-eire","19":"tag-exports","20":"tag-history","21":"tag-ie","22":"tag-industry","23":"tag-innovation","24":"tag-intelligence","25":"tag-ireland","26":"tag-markets","27":"tag-procurement","28":"tag-public-funding","29":"tag-quantum","30":"tag-regulation","31":"tag-research","32":"tag-software","33":"tag-technology","34":"tag-united-states","35":"tag-venture-capital"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/15990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=15990"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/15990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/15991"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=15990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=15990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=15990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}