India Shows Commitment With $1B+ Quantum Computing Investment
India finally commits to quantum computing, promises $1.12B investment
Selected notes ~
+ In 2016, the European Commission announced €1-billion ($1.13 billion) funding for quantum computing projects. In 2018, US President Donald Trump signed a bill that promised investment of $1.2 billion in the area. Meanwhile, China has already committed over $2 billion over the years to fuel quantum research. Other countries such as Japan, Germany, and Canada have also announced various schemes to boost quantum computing programs.
+ India is quite new to the field, with very few projects under works on the new technology. Last year, the Department of Science & Technology (DST), set up a research project named Quantum-Enabled Science & Technology (QuEST), with ₹80 crores ($11.2 million) funding in an institute in the southern city of Hyderabad.
+ To catch up with other countries in the quantum computing field, India will need to invest in the right kind of projects. It might also look to partner with major corporations such as IBM and Google to make use of their expertise in the sector.
Source: TNW. Ivan Mehta, India finally commits to quantum computing, promises $1.12B investment…
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