Europe can be a world leader in quantum, says EIC head
The European Innovation Council (EIC) Fund has become one of the most active deeptech investors in Europe, backing 100 startups with nearly €392 million since 2021, with plans to invest €1 billion more. After early delays in disbursing funds, the EIC has resolved those issues and is now focusing on its bigger mission: helping Europe become a global leader in areas like renewable energy, materials, and quantum tech. EIC president Michiel Scheffer believes Europe has the talent and history to lead in innovation — and he’s pushing to build a more strategic, self-reliant tech ecosystem.
Scheffer has laid out three main priorities: building energy independence with stable renewable sources, developing bio-based materials to reduce reliance on imports, and expanding Europe’s role in quantum technologies. The EIC isn’t just funding individual startups — it wants to help create a full value chain by supporting mergers and acquisitions among its portfolio companies. Scheffer also hopes to improve the path to IPO for European startups and believes better regulations and smarter public procurement policies can help deeptech companies scale faster.
Unlike traditional venture capitalists chasing unicorns, the EIC takes a broader, more mission-driven approach. It expects most of its investments to turn into solid, sustainable businesses — not just a lucky few. Scheffer also doesn’t shy away from critiquing VCs, calling for more cross-border investment and industry expertise. While unicorns are welcome, the EIC is focused on long-term societal impact and building a tech ecosystem where Europe can shape its own future.
Source: https://sifted.eu/articles/eic-fund-quantum-interview
