T-Hub has signed a Memorandum of Understanding (MoU) with the Quantum Ecosystems Technology Council of India (QETCI)

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What is T-Hub?

T-Hub

T-Hub has signed a Memorandum of Understanding (MoU) with the Quantum Ecosystems Technology Council of India (QETCI). It is a think tank for quantum technology stakeholders in India.

T-Hub is an innovation intermediary and business incubator based in Hyderabad, Telangana, India. Based on the triple helix model of innovation, it is a partnership between the Government of Telangana, three academic institutes in Hyderabad and the private sector.

T-Hub provides Indian and international startups access to technology, talent, mentors, customers, corporates, investors, and government agencies. T-Hub also helps state and central government organizations build innovation ecosystems.

Founders of T-Hub

The first phase of T-Hub was formally launched by S. L. Narasimhan, Governor of Telangana; Ratan Tata, Chairman Emeritus of Tata Sons; and K. T. Rama Rao, Telangana IT & Panchayat Raj Minister on 5 November 2015.[2]

This first-of-a-kind initiative was anchored and driven by Srinivas Kollipara and Jay Krishnan as COO and CEO respectively, over the first few years, to help establish it within the Indian Startup and Innovation Ecosystem and achieve global visibility.

The Government of India declared quantum technology as a “mission of national importance” in 2019. Since then there has been augmented interest in this field. This has boomed the quantum technology industry in India, with widespread interest and investment by the public and defense industry in core and applied research. Quantum technology works by using the principles of quantum mechanics, including quantum entanglement and quantum superposition. Quantum tech aims to find solutions for large-scale problems. Some of the applications of the technology aim to create solutions for expanding the Internet, AI, Communications, and Memory.

Quantum technology will be ready to develop fault-tolerant quantum products that can be used with high technology by 2026–2027, which will inevitably lead to increased adoption by Indian enterprises. It is estimated that by 2030, Quantum tech will add $310 Bn to the Indian economy.

Recently, QETCI conducted a Quantum Science and Technology Hackathon (QSTH) 2022 successfully. The hackathon received 132 project ideas from India and 25 countries in the ideation phase submitted their proposal. About 37 prototypes were submitted and after extreme scrutiny of Code quality, technology, architecture, design, usability, and implementation, 16 were selected for the final round.