Toronto Global’s Post

I remind you of my project “New Economic Model”. This is the rapidly progressing growth of the economy, scientific research and technology. Give me 2 trillion unsecured dollars, and I will successfully implement a project in the United States. I am ready to conclude a contract with countries with small economies, ensuring their sustainable development, and subsequently connect these small economies to the “new economic model” project Elections, of course, are an important thing, but we must not forget about economic, scientific and technological development.

Did you catch the EU’s report on the future of European competitiveness? Well, at over 400+ pages, we would be surprised if you’ve had time to digest it!! Fortunately, Tech.eu’s Cate Lawrence recently spent hours pouring through Mario Draghi’s report, in which the former Italian prime minister and president of the European Central Bank shares his warnings and recommendations. Here are our takeaways from Cate’s coverage: 🔹 No EU company founded in the last 50 years has reached a €100B market cap, while the US boasts six €1T+ companies in the same period. 🔹 Nearly 30% of European "unicorns" relocated to the US between 2008-2021. 🔹 Overregulation is stifling innovation: 13,000 new EU rules vs. 3,000 in the US during the same timeframe. 🔹 Horizon Europe, despite its €100B budget, faces criticism for complexity and inefficiency. Mr. Musk had a few thoughts to add, which Cate covered, but moreso, she polled some fantastic European startups and VCs, to see what they thought about the matter, including: Sabrina Maniscalco, CEO and co-founder of Algorithmiq, who calls for a pan-European quantum strategy. Tom Darras, CEO and co-founder of Welinq, who believes Europe is at risk of becoming a lab, rather than a leader. Ion Hauer, Principal at APEX Ventures, wants to see significantly more private growth funding and a unified capital market. Additionally, Alexander Glätzle, CEO and co-founder of planqc asserted that attracting greater private capital is essential. Finally, Michael Kissner, co-founder at Akhetonics, wants Europe to be a commercial leader, moving beyond a research powerhouse. Read the full article below to find out what European founders and VCs are saying in reaction to the report 👀 https://lnkd.in/eRWXw6jy #DraghiReport #EU #Europe #Technology #Industry 

We reviewed the newly published, 266-page #report on the "State of European Tech in 2024" so you don’t have to. Here are the key takeaways for Europe and Cyprus 👇 #CyprusTech

Today, the U.S. Economic Development Administration (EDA) announced $504 million in implementation grants to 12 Tech Hub Designees, aiming to boost the production of critical technologies, enhance U.S. economic competitiveness, and strengthen national security. Absolutely thrilled to share that Elevate Quantum Tech Hub in Colorado is among the awardees, securing a substantial $41 million under the EDA Grant Awards. This achievement underscores our commitment to advancing technology innovation and economic growth in our region. Accelerate Colorado played a pivotal role in securing this grant by collaborating closely with representatives, senators, and local stakeholders, and leveraging our strategic vision to align with national priorities. This funding will enable us to accelerate the development and deployment of cutting-edge technologies, positioning Colorado at the forefront of the tech revolution. Press release: https://lnkd.in/g4-6vjiK #CHIPSAct #TechInnovation #EconomicDevelopment #EDA #TechHubs #AccelerateColorado #ACinDC2024

How has the quantum investments scene been changing over the quarters? We reviewed the amounts invested in quantum startups since the second half of 2023 until now, both in Europe and globally. Investments in quantum have slowed down both in Europe and the rest of the world in 2023, in line with the previous findings signaling an “autumn” period in the market. The first quarter of 2023 shows considerable amounts of money invested, but this is mostly due to single exceptionally large sums invested in companies like Pasqal and SandboxAQ, making this period stand out. Later on, as predicted, after years of fluctuations, European investments have begun to stabilize, with no exceptional deals having happened in the last few months. Q1 2024, however, saw a surge in global investments, driven mostly by the Colorado-based Quantinuum’s impressive success in securing 300 mln dollars. We will have to wait and see if Europe experiences any significant deals as well. As is the case for most other sectors, quantum seem to be more reserved at the moment. However, as quantum technologies continue to mature and edge closer to practical applications, there is a promising likelihood of increased interest from private companies. Within the Qu-Test and Qu-Pilot projects, we are diligently tracking all global investments and deals in the quantum technology sector. Our goal is to regularly share updates, so stay tuned for more valuable insights to quantum founders, investors, and professionals alike. Keep an eye on further insights! AMIRES Institut d'Optique Graduate School Sonnenberg Harrison Partnerschaft mbB TNO VTT Rudolf Fryček Robert Harrison Audrey Durand Roman Pašek Mika Prunnila Clara I. Osorio Tamayo Gabriele Bulgarini Weronika Słomińska

In this blog post, we share THN!’s approach that turned ambitious goals into reality. Winning a federal grant involves building an ecosystem-wide effort that brought together industry leaders, entrepreneurs, academics, and government partners to develop a rigorous process to determine: Can we compete? Can we win? Key takeaways: - How to strategically assess your competitiveness before investing resources - Why community engagement was crucial to identifying our winning quantum technology focus - The critical role of public-private partnerships and expertise - How our process strengthened multiple initiatives beyond just the winning proposal The impact? Beyond securing an EDA Tech Hub designation and $127M in total funding, our collaborative approach helped strengthen Colorado's innovation ecosystem, with multiple teams securing additional state and federal support. Read more about our process and key learnings: https://lnkd.in/gWPVS4pz #EconomicDevelopment #CommunityEngagement #TechHub

Thanks to its thousands of eyes, #JoltNinja has the razor-sharp vision of a snowy owl. Release it over Quebec's deeptech ecosystem, and its AI-powered claws will automatically bring you back tons of data and insights. 🥷🏼 🦉 ⚜️ Pourquoi le Québec? Because it's unquestionably one of the most relevant places in the world when we decide to deploy outside of Europe our tried-and-tested playbook on growth deeptech investing. Excellence in the cutting-edge science-based domains (AI and quantum, materials and biotechs). Critical mass of tech-savvy institutional and private investors. Smart public incentive schemes. Cheap and decarbonated energy. A group of senior #Joltians led by Jean Schmitt will travel to Montreal from June 10th, to meet new partners, and to lift the veil on our upcoming strategic move, during the opening day of the #ConferencedeMontreal organized by our friends at International Economic Forum of the Americas. In the meantime, do check out JoltNinja's mappings and analysis on Quebec top-notch deeptechs: https://lnkd.in/gBqfxxqD #deeptech #canada #quebec #montreal #privateequity #privatecapital #growthPE #growthcapital #scaleups #confMontreal Nicholas Rémillard, François-Philippe Champagne, Christiane Bergevin, Dentons, Michele Boisvert, Rebecca Durnin, Jean-François Lupien, i4 Capital, Fonds de solidarité FTQ, Cycle Capital, Caisse de dépôt et placement du Québec (CDPQ), Fondaction, Teralys Capital, Boreal Ventures, Benjamin Booth

EUROPEAN TECH ENTREPRENEURS ARE FLEEING EUROPE! Many tech entrepreneurs and SMEs are leaving Europe as the regulatory framework in terms of data privacy, dual use, AI, labor laws, and many other market regulations have made their life nearly impossible. These regulations, while aimed at protecting consumers and maintaining fair markets, has become over-restrictive for tech innovation. Access to capital and funding opportunities are becoming more limited in Europe. Allready, the European market is fragmented with different languages, cultures, and legal systems. This fragmentation makes it more and more challenging for startups to expand rapidly across the continent. While Europe has a good talent pool, the brain drain where skilled professionals move to areas with more vibrant tech ecosystems accelerates. These factors combined push European tech entrepreneurs to seek opportunities in regions where the business environment is perceived to be more conducive to their growth and innovation ambitions. But ultimately the root cause can be found in the self elected European leadership that continues operating with stalinistic concepts. In my very personal opinion, if politics is not able to radically change Europe‘s approach and kick out most of these useless buerocrats, the economy, technology and competitiveness of Europe will rapidly implode.

A few days ago, I had the opportunity to join a Senate panel led by Senator Vanina PAOLI-GAGIN, focused on unleashing Europe's next scientific revolution 🇪🇺 The discussions were vibrant, with perspectives from some of Europe's leading scientists, investors, startups, and innovation champions, including Michel de Lempdes or Antoine Petit. Here's what stood out to me: ⚙️ Despite challenges, Europe's strength in quantum computing was a recurring theme. 🦄 French deep #techstartups have a solid foundation and potential to become unicorns. 💡 More innovation, less bureaucracy—there's a real need for political and investor support to fill startups' funding gaps after technology validation. 🎯 Success calls for boldness, speed, and focus—a willingness to break from the old ways. That's precisely what we're embracing at C12 with our pioneering carbon nanotube approach. At C12, we're tackling these challenges directly, ready to lead the next materials leap in quantum computing. If you're curious about our technology or have questions, feel free to reach out directly! #QuantumComputing #DeepTech #EuropeanInnovation