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National Quantum Mission to extend grants to 15 startups: chairman Ajai Chowdhury

Economic Times

Economic Times · 1y ago

National Quantum Mission to extend grants to 15 startups: chairman Ajai Chowdhury

The National Quantum Mission plans to provide funding to around 15 start-ups, encouraging them to expand globally. The mission aims to attract investment from software companies in various quantum technologies, particularly cryptography. The Chairman of the National Quantum Mission Governing Board, Ajai Chowdhury, expressed surprise at the number of start-ups already involved in quantum technologies and emphasized the goal of helping Indian products reach a global level. Grants will be awarded to selected start-ups within the next three months. Thematic parks will also be established to bring together researchers in the fields of computing, communication, sensing, and materials.

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India's National Quantum Mission, Led by Ajai Chowdhry

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National Quantum Mission to Award Grants to 10-15 Startups in Quantum Technology: Report

OutlookIndia

OutlookIndia · 8m ago

National Quantum Mission to Award Grants to 10-15 Startups in Quantum Technology: Report

The National Quantum Mission (NQM) plans to offer grants to 10-15 quantum technology start-ups, aiming to boost research and development in the field. The mission, which received government funding of INR 6,003.65 crore last year, aims to create a vibrant ecosystem in quantum technology and support sectors such as communication, health, finance, energy, drug design, and space applications. The initiative will also set up four thematic hubs in leading academic and national R&D institutes to focus on quantum computing, sensing, metrology, and materials and devices.

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OutlookIndia

OutlookIndia · 4m ago

Developing and Controlling Quantum Technology is A Necessity, Not A Choice, For India: Principal Scientific Advisor, GoI

India must develop and control quantum technology due to its strategic importance in sectors like defense, highlighted by Dr. Ajay Sood, Principal Scientific Advisor to the Government of India. Speaking at the International Quantum Conclave, he emphasized the significance of the National Quantum Mission, featuring 170 scientists across 17 states. The mission supports startups and focuses on quantum-safe cryptography for vulnerable sectors, aiming to position India as a global player in the quantum technology supply chain.

India quantum startups win record grants; move closer to real-world applications

Livemint

Livemint · 3m ago

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India's National Quantum Mission (NQM) is investing up to ₹30 crore each in eight quantum technology startups to bolster the country's quantum capabilities. The selected startups, focusing on diverse applications like quantum computing, sensing, and communication, receive funding to advance their technologies. This initiative signifies a shift towards supporting deep-science ventures in India, aiming for potential long-term innovation impacts. NQM's strategic approach couples financial backing with mentorship, fostering both technological and business viability.

India must build human resources in quantum technology: Principal scientific advisor

Economic Times

Economic Times · 1y ago

India must build human resources in quantum technology: Principal scientific advisor

India needs to invest heavily in developing human resources in quantum technology, according to Ajay Kumar Sood, Principal Scientific Advisor to the government. Sood emphasized the need for professionals in the nascent field and stressed the importance of higher education and specialized training programs. He also highlighted the need for domestic manufacturing capabilities for quantum computing equipment, which is currently mostly imported. India's pre-mission programs have already fostered a community of about 150-200 quantum researchers, and the government aims to support startups through the National Quantum Mission. The mission's goals include developing quantum computers, secure communications, and advanced quantum technologies.

Start-ups, Academia Key to Security of India’s Communication Infrastructure: Telecom Secretary

OutlookIndia

OutlookIndia · 4m ago

Start-ups, Academia Key to Security of India’s Communication Infrastructure: Telecom Secretary

The Indian government is emphasizing the critical role of startups and academia in securing the country's communication infrastructure. Neeraj Mittal, Secretary of the Department of Telecommunications, highlighted the support provided to startups through various schemes. Collaboration with premier institutions like IITs and ISRO is crucial. The United Nations has declared 2025 as the International Year of Quantum Science and Technologies, underscoring the transformative potential and security challenges of quantum technology. The National Quantum Mission seeks to advance quantum technology research and development.

‘Algorithm research to spawn new winners’: IBM’s Crowder - The Economic Times

Economic Times

Economic Times · 8h ago

‘Algorithm research to spawn new winners’: IBM’s Crowder - The Economic Times

IBM's Scott Crowder emphasizes the importance of algorithm research for economic development and fostering software startups. While India is strong in learning, it lags in application research. IBM is partnering with India’s National Quantum Mission to develop local infrastructure and ecosystems for quantum computing. Collaborations with TCS aim to use quantum computing to solve complex challenges. Crowder advocates for balanced investments in hardware and software, to drive innovation and support growth in the technology sector.

Centre Greenlights INR 50 Lakh Grants Each For 7 Startups In Technical Textiles To Boost Innovation

Inc42 · 1y ago

Centre Greenlights INR 50 Lakh Grants Each For 7 Startups In Technical Textiles To Boost Innovation

The Centre has approved grants of INR 50 Lakh each for seven startups in the technical textiles sector under the National Technical Textiles Mission. The initiative aims to support innovation and sustainability. Eight startup proposals have been approved so far, focusing on areas such as sustainability, composites, high-performance textiles, meditech, and smart textiles. These grants are expected to drive advancements in these sectors.

Karnataka announces Rs 1,000 crore Quantum Mission, VC fund for startups - The Economic Times

Economic Times

Economic Times · 28d ago

Karnataka announces Rs 1,000 crore Quantum Mission, VC fund for startups - The Economic Times

The Karnataka government has launched a Rs 1,000 crore Quantum Mission to establish a $20 billion quantum economy by 2035, aiming to make the state the "Quantum Capital of Asia." Initiatives include a Quantum Venture Capital Fund backing over 100 startups, a Quantum Hardware Park, and innovation zones. The mission will create 10,000 jobs, pilot applications in multiple sectors, and develop 1,000-qubit quantum processors, enhancing governance and various industries.

India needs multi-pronged approach to tap quantum computing potential: Niti Aayog paper

Economic Times

Economic Times · 5m ago

India needs multi-pronged approach to tap quantum computing potential: Niti Aayog paper

India must adopt a multi-pronged strategy to harness quantum computing's potential while ensuring national security, according to a NITI Aayog research paper. The report highlights the need for bilateral partnerships and a strategic framework to address quantum computing's opportunities and threats. It emphasizes deep collaboration between government, industry, and academia, along with investing in indigenous capabilities. The National Quantum Mission aims to build a domestic quantum technology ecosystem, essential for maintaining competitiveness and security in the evolving quantum landscape.

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