INNOVATION FINANCE ADVISORY STUDIES Financing the future of supercomputing How to increase investments in high performance computing in Europe years Financing the future of supercomputing How to increase investment in high performance computing in Europe Prepared for: DG Research and Innovation and DG Connect European Commission By: Innovation Finance Advisory European Investment Bank Advisory Services Authors: Björn-Sören Gigler, Alberto Casorati and Arnold Verbeek Supervisor: Shiva Dustdar Contact:
[email protected] Consultancy support: Roland Berger and Fraunhofer SCAI © European Investment Bank, 2018. All rights reserved. All questions on rights and licensing should be addressed to
[email protected] Financing the future of supercomputing Foreword “Disruptive technologies are key enablers for economic growth and competitiveness” The Digital Economy is developing rapidly worldwide. It is the single most important driver of innovation, competitiveness and growth. Digital innovations such as supercomputing are an essential driver of innovation and spur the adoption of digital innovations across multiple industries and small and medium-sized enterprises, fostering economic growth and competitiveness. Applying the power of supercomputing combined with Artificial Intelligence and the use of Big Data provide unprecedented opportunities for transforming businesses, public services and societies. High Performance Computers (HPC), also known as supercomputers, are making a difference in the everyday life of citizens by helping to address the critical societal challenges of our times, such as public health, climate change and natural disasters. For instance, the use of supercomputers can help researchers and entrepreneurs to solve complex issues, such as developing new treatments based on personalised medicine, or better predicting and managing the effects of natural disasters through the use of advanced computer simulations.