Ahead of the European Commission’s expected presentation of the European Union Quantum Act, Finnish-German hardware developer IQM Quantum Computers (Nasdaq: IQMX) has published a manifesto titled “Quantum Is Europe’s Second Chance.” The paper argues that Europe, which ranks second globally behind China and leads the U.S. in gross public commitments, risks losing its structural advantages without coordinated manufacturing capacity, late-stage growth capital, and milestone-driven procurement. It notes that Europe hosts 21 on-premises QPU sites—about 66 % of the global total—and that 23 % of EU quantum funding is fragmented across 34 regional clusters. IQM calls for public investment of roughly $10 billion, dedicated qubit foundries and packaging facilities by the 2030s, and DARPA-style multi-hundred-million-dollar milestone contracts to replace basic research grants. 1