Latest news with #QuantumTechnologyTaskForce
Time of India
7 days ago
- Business
- Time of India
Karnataka announces Rs 1,000 crore Quantum Mission, VC fund for startups
The Karnataka government on Wednesday launched a Rs 1,000 crore Quantum Mission with a vision to build a $20 billion quantum economy by 2035. Chief minister Siddaramaiah said a Quantum Technology Task Force will guide policy, while dedicated quantum parks, manufacturing zones, and Q-City will foster innovation in the state will also launch a Quantum Venture Capital Fund to back over 100 startups and help generate 100 patents to create two lakh jobs in the said with a vision to be the 'Quantum Capital of Asia,' Karnataka's roadmap is built on the five pillars of talent development, research and development (R&D) pilots, infrastructure, industry support, and global partnerships. He was speaking during the two-day Quantum India Bengaluru 2025 summit, co-organised by the Department of Science & Technology and its Quantum roadmap, Karnataka also announced the establishment of India's first Quantum Hardware Park, four innovation zones, and a dedicated fabrication facility to boost domestic manufacturing of quantum components.'By 2035, we aim to create 10,000 high-skilled jobs and establish Karnataka as the Quantum Capital of Asia,' the CM emphasised. To foster a holistic ecosystem, the state government will also introduce quantum skilling programmes in 20 colleges and 150 PhD state government aims to develop 1,000-qubit quantum processors and pilot applications in healthcare, cybersecurity, and defence, with active applications in governance. The state's science and technology minister, NS Boseraju, said a quantum chip fabrication capability will be operational by the initiative comes at a time when 2025 is being observed globally as the International Year of Quantum Science and Technology. CM Siddarmaiah stressed that quantum tech will not only drive economic growth but also improve governance, secure communication, smarter agriculture, and early disease added that the state government has already demonstrated its commitment to this technology by establishing a Quantum Research Park at IISc, Bengaluru. This facility has supported over 55 R&D projects and 13 startups while training more than 1,000 quantum experts annually. "To sustain this momentum, our government has sanctioned an additional grant of Rs 48 crore," he added.
Economic Times
7 days ago
- Business
- Economic Times
Karnataka announces Rs 1,000 crore Quantum Mission, VC fund for startups
Agencies The Karnataka government on Wednesday launched a Rs 1,000 crore Quantum Mission with a vision to build a $20 billion quantum economy by 2035. Chief minister Siddaramaiah said a Quantum Technology Task Force will guide policy, while dedicated quantum parks, manufacturing zones, and Q-City will foster innovation in the state. The state will also launch a Quantum Venture Capital Fund to back over 100 startups and help generate 100 patents to create two lakh jobs in the sector. Siddarmaiah said with a vision to be the 'Quantum Capital of Asia,' Karnataka's roadmap is built on the five pillars of talent development, research and development (R&D) pilots, infrastructure, industry support, and global partnerships. He was speaking during the two-day Quantum India Bengaluru 2025 summit, co-organised by the Department of Science & Technology and IISc. In its Quantum roadmap, Karnataka also announced the establishment of India's first Quantum Hardware Park, four innovation zones, and a dedicated fabrication facility to boost domestic manufacturing of quantum components.'By 2035, we aim to create 10,000 high-skilled jobs and establish Karnataka as the Quantum Capital of Asia,' the CM emphasised. To foster a holistic ecosystem, the state government will also introduce quantum skilling programmes in 20 colleges and 150 PhD state government aims to develop 1,000-qubit quantum processors and pilot applications in healthcare, cybersecurity, and defence, with active applications in governance. The state's science and technology minister, NS Boseraju, said a quantum chip fabrication capability will be operational by the initiative comes at a time when 2025 is being observed globally as the International Year of Quantum Science and Technology. CM Siddarmaiah stressed that quantum tech will not only drive economic growth but also improve governance, secure communication, smarter agriculture, and early disease added that the state government has already demonstrated its commitment to this technology by establishing a Quantum Research Park at IISc, Bengaluru. This facility has supported over 55 R&D projects and 13 startups while training more than 1,000 quantum experts annually. "To sustain this momentum, our government has sanctioned an additional grant of Rs 48 crore," he added. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. US tariff hike to hit Indian exports, may push RBI towards rate cuts Zomato delivered, but did the other listed unicorns? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Trump tariffs: End of road or a new journey ending Russia reliance? As rates slide, who will grab the savings pie? MFs, insurers? Is it time for Tim Cook to bid bye to Apple? Regulators promote exchanges; can they stifle one? Watch IEX Stock Radar: Down over 20% from highs! Varun Beverages stock showing signs of trend reversal – time to buy?
