National Quantum Mission To Soon Give Grants To 15 Startups

National Quantum Mission To Soon Give Grants To 15 Startups

SUMMARY

The Mission will soon provide grants to 10-15 startups working in the field of quantum technology to "help them grow, scale and go global", chairman of NQM’s governing body Dr Ajai Chowdhury said

Chowdhury said that the NQM will be undertaking multiple initiatives in the near future, including setting up a grant for startups that need funding in the range of INR 10-50 Cr

Union minister Jitendra Singh said that India has produced over 40 quantum technology startups in two years, few of them with global potential

The National Quantum Mission (NQM) will soon provide grants to 10-15 startups working in the field of quantum technology, chairman of NQM’s governing body Dr Ajai Chowdhury said. 

Speaking at the IIT-Madras hosted International Conference on Quantum Communication, Measurement & Computing, Chowdhury, who is the founder of HCL Infosystem, said that the government is looking at startups to increase research and development in the field of quantum technologies (QT). 

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