To revolutionise industries and tackle global challenges, Novo Holdings has committed DKK 1.4 billion (€188 million) towards establishing a robust quantum technology start-up ecosystem, with Denmark poised as the focal point. The venture aims to propel some of the world’s most promising quantum technology companies, particularly in the life sciences sector, leveraging the burgeoning momentum in the Nordic region.
Novo Holdings has committed DKK 1.4 billion (€188 million) to build a quantum technology start-up ecosystem.
With Denmark as the centre of gravity, the ambition is to invest in, support and advance some of the world’s most promising quantum technology companies with… pic.twitter.com/nayoS8GtRT
“Quantum technology is a disruptive and transformative field that can revolutionise various sectors and address global challenges,” says Søren Møller, Managing Partner of Novo Seeds at Novo Holdings. The initiative, backed by the Novo Nordisk Foundation, aligns with Denmark’s rich heritage in quantum physics, epitomised by luminaries like Niels Bohr. The synergistic partnership between Novo Holdings and the Novo Nordisk Foundation provides a potent platform for nurturing quantum startups, capitalising on Denmark’s conducive ecosystem.
With Quantum Investments poised under the umbrella of Seed Investments, a dedicated team will steer focus towards quantum computing, sensing, and algorithms – areas with profound implications for healthcare and the broader life sciences landscape. The significance of such advancements is underscored by Lene Oddershede, Senior Vice President at the Novo Nordisk Foundation, who stresses the necessity of a robust quantum ecosystem backed by ample capital and collaborative networks to realise the full potential of quantum research.
Denmark’s Quantum Quest: A National Commitment
Denmark’s commitment to quantum technology is palpable, with the government pledging DKK 1.2 billion (€160 million) towards research, positioning the country as a frontrunner in per capita investments in this domain. Collaborative ventures like Deep Tech Lab – Quantum, operated by BioInnovation Institute (BII), further bolster Denmark’s position as a global hub for quantum technology innovation. By harnessing the collective expertise of institutions like the Niels Bohr Institute and the Technical University of Denmark, Denmark is primed to leverage its pioneering research in quantum technology.
Fostering Collaboration: The Key to Quantum Innovation
The strategic choice of Denmark as the nucleus for a quantum technology hub is bolstered by its track record of successful public-private partnerships. The convergence of governmental support, institutional collaboration, and private investment underscores Denmark’s commitment to fostering innovation and driving societal progress.
Novo Holdings: Pioneering Investments for Societal Well-being
As a pivotal player in this landscape, Novo Holdings epitomises the ethos of leveraging investments to propel societal well-being. Through its diverse portfolio spanning equities, bonds, real estate, and private equity assets, Novo Holdings exemplifies its commitment to generating long-term returns while advancing breakthrough innovations in the life sciences sector.
Conclusion
In conclusion, the collaborative efforts between Novo Holdings, the Novo Nordisk Foundation, and various stakeholders underscore Denmark’s resolve to spearhead quantum technology innovation. By fostering a conducive ecosystem that nurtures quantum startups and facilitates robust partnerships, Denmark is poised to lead the charge in harnessing the transformative potential of quantum technologies, propelling humanity towards a brighter, more sustainable future.
