Quantum Bziness Updates

Saturday, 12 October 2024 12:40 AM QNu Labs, a quantum computing startup, expects its revenue to grow significantly to Rs 200 crore by FY26, driven by the adoption of quantum security solutions in the defence sector and increasing interest from enterprises. The company has a pipeline of Rs 500 crore from India, the Middle East, and the US. I believe this growth indicates a strong future for quantum technology in Indias defence and private sectors.

Saturday, 12 October 2024 05:44 PM The US and India have announced grants totaling over USD 2 million for 17 research projects, with 6 focusing on quantum technologies. These projects aim to tackle critical societal challenges, including advancements in quantum computing. This collaboration under the US-India Initiative on Critical and Emerging Technologies (iCET) highlights the importance of international cooperation in emerging tech. I believe such collaborations will accelerate innovation in both countries.

Thursday, 10 October 2024 04:21 PM India and Singapore have signed Memorandums of Understanding (MoUs) in digital technologies, semiconductors, health cooperation, and skill development, which will further strengthen cooperation in quantum technologies. The National Quantum Mission is also working to extend grants to 15 startups, focusing on areas like computing, communication, and sensing. I think these initiatives will help India stay competitive in the global quantum landscape.

Thursday, 10 October 2024 02:01 AM The National Institute of Standards and Technology (NIST) has announced the first three Post-Quantum Cryptography (PQC) standards, which is a significant milestone for quantum technology adoption. India must develop a robust policy framework to build on these successes and address concerns about quantum computers breaking current encryption protocols. I believe a strong policy framework is essential for India to leverage these advancements effectively.

Wednesday, 02 October 2024 11:41 AM Indias National Quantum Mission has launched four Thematic Hubs (T-Hubs) to drive innovation in quantum computing, communication, sensing, and materials. These hubs, located at leading institutions like IISc Bengaluru and IITs, aim to integrate academia, industry, and government efforts to advance quantum technologies. I think this initiative will be crucial in positioning India as a leader in global quantum research.