Rising Star in the Global Tech Industry: India’s Quantum Technology Industry and Gender Diversity Efforts

India’s quantum technology industry is experiencing rapid growth, with over 40 startups emerging in the past two years. This has positioned India as a rising star in the global tech industry, according to Dr. Jitendra Singh, Union Minister of State for Science and Technology. During a recent meeting to discuss the 100-day action plan for the Department of Science & Technology, Dr. Singh highlighted the importance of the National Quantum Mission, which aims to establish India as a global leader in this field, particularly in quantum communication.

One standout startup in this sector is QuNu Labs, based in Bangalore and incubated by IIT Madras. The company recently signed a memorandum of understanding with the Technology Development Board to develop security products using quantum technologies, emphasizing India’s focus on innovation and research in this cutting-edge technology.

In addition to quantum technology startups, India is also making significant progress in gender diversity within its tech industry. The government has implemented initiatives aimed at promoting women in STEM fields, resulting in an increase in women’s participation in extramural research and development. Approximately 300 women scientists are currently receiving research grants under the ASPIRE scheme, showcasing the government’s commitment to promoting gender diversity within its tech sector.

India’s startup ecosystem has also experienced substantial growth, with over 1 lakh startups today and more than 110 unicorns. This growth has propelled India into a stronger position within the Global Innovation Index, moving from 81st place in 2015 to 40th place in 2023. Overall, these developments highlight India’s increasing prominence within the global innovation landscape and its potential for continued growth and success within the tech industry.