Tech Mahindra, IQM Quantum Computers forge quantum computing partnership
Indian IT services firm Tech Mahindra has inked a memorandum of understanding (MoU) with IQM Quantum Computers, a Finland-based quantum computing hardware company, to collaborate on research in quantum computing.
The parties will study synergies in the agreeable beneficial areas of quantum computing, communication technologies, and cryptography.
As part of the collaboration, Tech Mahindra and IQM Quantum Computers plan to co-build new quantum computing offerings for multiple industries such as healthcare, banking, cyber security, and others.
Besides, the parties will further jointly build and commercialize quantum technology use cases in Finland and India.
Nikhil Malhotra — Tech Mahindra Global Head, Makers Lab, said: “The fabric of computation is changing and Quantum Computing is the harbinger for that change. It promises to address the challenges that cannot be solved using current computation techniques and empowers us to re-imagine customer experience & move towards a sustainable future at a time when energy requirements have become unsustainable.
At Tech Mahindra, riding this wave of change, we have collaborated with IQM Computers with an aim to set new standards in the research and development of commercially viable use cases across industries.”
Tech Mahindra claimed that it has been engaged in fast-tracking the adoption and commercialization of quantum technology around the world. In this connection, the Indian IT services provider is also establishing its Quantum Centre of Excellence – QNxt in Helsinki.
The partnership with IQM Quantum Computers is expected to further bolster the capabilities in research and design and offerings in quantum computing of both organizations. It will combine the industry knowledge of Tech Mahindra in quantum computing with the Finnish company’s know-how in superconducting quantum hardware, its application-specific, Co-Design approach, and capabilities in quantum algorithm development.
Dr. Juha Vartiainen — IQM Quantum Computers Chief Operating Officer and Co-founder said: “This announcement highlights our commitment towards India and our commitment to accelerate the global ecosystem through collaboration. We are pleased to partner with Tech Mahindra to explore business synergies and develop industry use cases across a range of sectors thanks to their strong software and emerging technology capabilities.
“Along with the government, academia, and industry, the Indian quantum ecosystem is growing rapidly, and we are excited to see companies such as Tech Mahindra leading this growth.”
Tech Mahindra stated that the quantum computing research partnership with IQM Quantum Computers aligns with its NXT.NOW framework, which aims to improve the human centric experience and focuses on investing in new technologies and solutions that facilitate digital transformation and address the changing requirements of the customer.