Photonics Industry to Invest €100 Billion in Horizon Europe for Initiatives in Quantum Technology, AI, & Smart Cities

(ScienceBusinessNet) The photonics industry’s commitment to invest up to €100 billion in R&I throughout the next scientific research initiative, Horizon Europe, 2021-2027, in an ambitious new Public Private Partnership with the European Commission.
With four recent Nobel Prizes awarded to European scientists for their work in photonics, Europe is in a good position to accelerate advanced initiatives – such as AI, High-Performance Computing, Quantum Communication, Quantum Computing, and Smart Cities – which all depend on photonics as the key enabling technology.
e President Bernd Schulte said: “We firmly believe that Europe needs to become more ambitious now and match the aspiring investments from other regions of the world in deep technologies to stay competitive. The Photonics industry is willing to team up with the European Commission and jointly invest in the future of Europe.”