National Quantum Mission: The National Quantum Mission will provide grants to 15 startups, according to President Ajai Chowdhury

He National Quantum Mission will spread funds up to about 15 Startups and encourage them to scale up and go global, Chairman of the NQM Board of Directors Ajay Chowdhury he said on Monday.

Some good products have been developed, especially in cryptography, and the mission is to work towards achieving several software companies invest in quantum (i.e. quantum technologieswhose four verticals, according to NQM, are computing, communication, measurement and sensing), he said.

These were his remarks at the opening of the International Conference on Quantum Computing, Measurement and Communication (QCMC 2024) being held at the Indian Institute of Technology, Madras, from August 26 to 30.

“We were surprised to see that there are already people working on quantum technologies. We want them to take the products that have already been developed in India to a global level,” he said at the 16th edition of the conference, the first to be held in India.

“In the next three months, we will be giving out grants to 10-15 good startups. We want to see them grow, scale and go global,” said Ajai Chowdhury. “After the launch of the National Quantum Mission, we had an overwhelming response with around 385 proposals received for setting up theme parks and other areas of quantum technologies,” he said, adding that the NQM would make the announcement soon.

“The plan is to create four separate Section 08 companies that will house the theme parks: Computing, Communications, Sensing and Materials. The aim is to bring all the researchers together in the theme hub. In addition, we feel that we need to involve start-ups in a major way. We wrote to about 40 start-ups and met with about 14 to understand where we are,” he said.

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He praised IIT-M for bringing the conference to India and said that a tremendous amount of work was already being done in the country, especially at IIT Madras. “When we started working on the National Quantum Mission, we started looking at how many scientists and senior researchers were working in this field and we found that India had around 600 scientists and also 40-50 start-ups in quantum technology,” he added.

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