India Emerges as Global Leader in Quantum Technology Startups
In a remarkable development, India has seen a surge in the number of Quantum technology startups, with over 40 new ventures emerging in just the past two years. This exciting news was shared by Dr. Jitendra Singh, Union Minister of State for Science and Technology, during a meeting in New Delhi.
Dr. Singh highlighted the significant potential of these startups, some of which have already shown promise on a global scale. He emphasized the importance of focusing on the flagship National Quantum Mission to further develop quantum technologies and communication in the country.
India is now on par with five or six other nations in terms of Quantum technologies, marking a significant milestone in the country’s technological advancement. Dr. Singh expressed the government’s vision to establish India as a global leader in Quantum technologies.
The Minister also praised the role of startups and the private sector in driving innovation in Science and Technology. He shared the success story of ‘QuNu Labs’, a Bangalore-based startup incubated by IIT Madras, which has signed a Memorandum of Understanding with the Technology Development Board for the development of security products based on Quantum Technologies.
Dr. Singh also highlighted the increased participation of women in extramural research and development, attributing it to the government’s efforts to promote women scientists and researchers through STEM and fellowship programs. He mentioned the recent inauguration of the Common Fellowship Portal and announced that around 300 women scientists would receive research grants under the ASPIRE scheme.
India’s startup ecosystem has witnessed significant growth in recent years, with the country now being referred to as the ‘Startup capital of the world’. Dr. Singh pointed out the increase in the number of startups from a few hundred before 2014 to over 1.25 lakh in 2024, with more than 110 unicorns. He also highlighted India’s improved ranking in the Global Innovation Index and its achievements in the field of Science and Engineering.
Prime Minister Narendra Modi’s vision to empower every individual and provide ease of living through innovation was reiterated by Dr. Singh. He commended the conducive environment for science and technology development under PM Modi’s leadership and highlighted the government’s investments in initiatives like NIDHI to support budding entrepreneurs in the field.
The meeting also discussed the progress of existing missions like the National Geospatial Mission and the Interdisciplinary Cyber Physical Mission, along with efforts to introduce legislation on Anusandhan NRF. The presence of senior officials and scientists at the meeting underscored the government’s commitment to advancing science and technology in India.