Tech Mahindra partners IQM Quantum Computers for research in quantum computing
Indian IT firm Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions, and IQM Quantum Computers, the European quantum computing major, have signed a Memorandum of Understanding (MoU) for quantum computing research . .
“The organizations will explore synergies in mutually beneficial areas of quantum computing, cryptography and communication technology,” Tech Mahindra said in a statement.
As part of the partnership, the organizations will jointly develop new quantum computing offerings for various industries, including healthcare, cybersecurity and banking, among others. They will further develop and market quantum technology use cases in India and Finland.
“We have partnered with IQM Computers with the aim of setting new standards in research and development of commercially viable use cases across industries,” said Nikhil Malhotra, Global Head, Makers Lab, Tech Mahindra, adding that this collaboration ” Tech will help Mahindra and IQM Computers expand their global footprints in Quantum Computing by leveraging synergies.”
Tech Mahindra has been working to accelerate the adoption and commercialization of quantum technology worldwide. In line with this, the organization is also setting up its Quantum Center of Excellence – QNxt in Helsinki, Finland.
Furthermore, both organizations will strengthen their research and design capabilities and quantum computing offerings.
Juha Vartiainen, COO and Co-Founder of IQM Quantum Computers said, “This announcement underscores our commitment to India and our commitment to accelerate the global ecosystem through collaboration.”
“Together with government, academia and industry, the Indian quantum ecosystem is growing rapidly, and we are excited to see companies like Tech Mahindra leading this growth.” Vartiainen said.
Finland and India have strong ties in science, technology and innovation and both countries are working to establish the Indo-Finnish Virtual Network Center for Quantum Computing.
The Indian government plans to invest ₹8,000 crore ($1 billion) in the quantum industry over the next five years in various programs. Finland, on the other hand, has one of the world’s leading quantum ecosystems, with decades of research in quantum technologies, and a strong government support, venture capital community and research network.
