The report, prepared in collaboration with IQM and venture capital companies OpenOcean and Lakestar, revealed that investment in quantum technologies decreased from 2.2 billion dollars in 2022 to 1.2 billion dollars in 2023.
The decline in funding was particularly notable in the US, where venture capital for quantum technologies fell by 80%. In contrast, quantum technology funding fell 17% in the Asia-Pacific region, while it increased 3% in Europe, the Middle East and Africa.
Despite the decline in funding, the report suggests that the quantum industry continues to advance, albeit at a slower pace than in previous years. The report also denies that we have entered a “quantum winter.”
Instead, the report attributes the decline in funding to broader trends in venture capital, such as moving away from risky bets on early-stage startups and focusing more on more established companies with proven track records.
The report concludes that the quantum industry is still in the early stages of development but remains promising in solving some of the world’s most challenging problems.
Source: Ferra
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