News Summary

• Quantum computing firms need hundreds of millions of euros from investors to develop technology that is still so advanced that most expect it will be 2030.
• As a consequence, the risk that it will never deliver at all is great enough that in Europe, at least, investors have been reluctant to put up funding for all but their early stages of growth.
• European officials entered negotiations with financiers over the management of a €3bn ‘ScaleUp Europe’ fund they raised in a hurry to stop deep tech firms turning to foreign backers.