Quantum Delta NL and PhotonDelta have launched a vital petition to protect the future of Dutch innovation. Backed by the National Growth Fund, their initiatives have established the Netherlands as a frontrunner in quantum technology and photonics. They urge the maintenance of critical investments amidst political shifts that could impact the nation’s competitive edge.
By highlighting past successes like ASML and water technology, the petition underscores the value of early-stage funding in overcoming global challenges in climate, health, and security: the petition and an accompanying letter urge Dutch MPs to sustain these strategic investments and talent programs. Public support is now solicited to reinforce this crucial advocacy.
Next week, the Dutch House of Representatives will meet to discuss the future of the National Growth Fund. Under pressure from a majority in Dutch politics, the Fund is essential to achieve long-term investments in innovations and thus sustainable earning power. Thanks to the National Growth Fund, resources will become available this year to invest in many new technologies important for earning capacity, strategic autonomy, and the energy transition.
Understanding the stakes
The urgency conveyed by Quantum Delta NL and PhotonDelta resonates against a backdrop of short-term oriented political maneuvers. The groups are advocating for the continuation of quantum technology and photonics investments and making a stand against the potential redirection of funds that could undermine years of Dutch strategic planning. The National Growth Fund, initially established to secure the nation’s long-term economic growth, finds itself at the center of this tug-of-war. Some in Parliament have earmarked immediate relief measures, specifically to freeze excise tax on diesel and gasoline and prevent fuel price rises.
The decision to potentially divert these funds has provoked ire among industry leaders, none more vocally than ASML’s CEO, Peter Wennink. He criticizes the short-termism evident in the current political debate, contrasting it with the long-term, systematic approaches taken by Asian nations like South Korea, Taiwan, China, and Singapore. Such countries are not bogged down in individual energy project debates but instead adopt a coordinated, systemic approach to societal challenges, particularly those on energy.
Wennink points to a stark contrast between the Netherlands’ current direction and that of other leading technology-driven nations. The approach taken by Asian counterparts is systemic, involving large energy consumers in their plans, considering energy storage, and providing a comprehensive approach to societal challenges. This highlights a broader vision that spans beyond immediate political gains, focusing on sustainable, long-term growth.
The legislative landscape
While the petition is clear in its intent, details on the current legislative or regulatory frameworks to protect such investments are obscure. What is evident is the existing National Growth Fund’s role in backing high-risk, high-reward projects that address societal challenges, such as the energy transition. Yet, the recent parliamentary majority’s inclination to repurpose these funds for immediate, less strategic uses raises questions about the safeguarding mechanisms in place.
Existing policies are designed to support long-term investments, but the current political climate could necessitate new regulations or amendments to ensure these investments cannot be so easily jeopardized. Clarity on these potential policy changes remains forthcoming, and the petition’s outcome could play a pivotal role in shaping these frameworks.
Who is behind the petition?
The petition, initiated by Quantum Delta NL and PhotonDelta, finds its roots in the high-tech sector, primarily driven by organizations deeply invested in the Netherlands’ technological future. These entities, among others, are part of a broader ecosystem that includes research institutions, startups, and established corporations, all of whom have a vested interest in the sustainable growth of Dutch innovation.
The scale of the investments at risk is substantial. The National Growth Fund represents a significant portion of the Dutch government’s commitment to future-proofing the economy through strategic investments.
A plea for foresight
Despite the outgoing cabinet expressing major concerns regarding the parliamentary majority’s plans to use the Growth Fund for immediate fuel price freezes, the final decision remains pending. The government’s stance will be critical in determining whether the Netherlands will stay its course on strategic investments in technology and innovation or yield to the pressure of short-term political interests.
For now, the petition stands as a rallying cry for those who believe in safeguarding the investments that have positioned the Netherlands at the forefront of technological advancement. It is a plea for foresight and a reminder that the actions taken today will shape the opportunities and challenges for generations to come.
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