The National Quantum Mission’s governing board is set to provide grants to 10 to 15 startups within the next three months, aimed at fostering growth, scaling operations, and facilitating global outreach. This announcement was made by the board chairman during the inauguration of the 16th international conference on quantum communication, measurement, and computing (QCMC 2024) held at the Indian Institute of Technology-Madras.
This year’s QCMC conference marks a significant milestone as it is being hosted for the first time in India, coordinated by the institute’s Centre for Quantum Information, Communication, and Computing, based in the IIT-Madras Research Park.
The governing board highlighted the presence of approximately 600 scientists and 40 to 50 startups focused on quantum technology in the country. Plans are underway to establish four independent section 08 companies dedicated to thematic parks in computing, communications, sensing, and materials. These companies are anticipated to export home-grown quantum products to international markets.
Further emphasizing India’s commitment to advancing quantum technology, it was stated that the institute plays a pivotal role in the National Quantum Mission, contributing significantly to the development of innovative quantum solutions.
The director of the institute noted that India is confronting extensive data challenges that require sophisticated heuristics for resolution. With the increasing complexity and scale of data, traditional heuristics are becoming less effective, leading researchers to explore quantum technologies as a means to enhance efficiency and obtain timely solutions.
The conference, which has attracted representatives from 16 countries, traditionally unites mathematicians, engineers, researchers, and various stakeholders to discuss groundbreaking advancements in quantum technology.
