Indian IT company Tech Mahindra, a leading provider of services and solutions for digital transformation, consulting and business reengineering, and IKM Quantum Computers, a European leader in quantum computing, have signed a Memorandum of Understanding (MoU) for quantum computing research.
“The organizations will explore synergies in the mutually beneficial areas of quantum computing, cryptography and communication technologies,” 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 jointly develop and market quantum technology use cases in India and Finland.
“We have partnered with IKM Computers to set new standards in research and development of commercially viable use cases across industries,” said Nikhil Malhotra, Global Director, Makers Lab, Tech Mahindra, adding that this collaboration “will help Tech Mahindra and IKM Computers Expand Their Global Presence in Quantum Computing Using Synergy”.
Tech Mahindra is working to accelerate the adoption and commercialization of quantum technology globally. In line with this, the organization is also establishing its Quantum Center of Excellence – KNkt in Helsinki, Finland.
Furthermore, both organizations will strengthen their research and design capabilities and quantum computing offerings.
Juha Vartiainen, Chief Operating Officer and Co-Founder of IKM Quantum Computers said, “This announcement underscores our commitment to India and our commitment to accelerating the global ecosystem through collaboration.
“Along with government, academia and industry, India’s 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 an Indo-Finnish Virtual Network Center for Quantum Computing.
The Indian government plans to invest 8,000 crores ($1 billion) in the quantum industry over the next five years in various programmes. Finland, on the other hand, has one of the world’s leading quantum ecosystems, with decades of research into quantum technologies, and a strong government support, venture capital community and research network.