The Technology Development Board (TDB) of the Department of Science & Technology announced on 16 October 2026 that it has signed an agreement to provide ₹150 crore in financial support to QNu Labs Private Limited. This funding, provided as Optionally Convertible Debt, is part of a ₹300 crore project to build an indigenous technology backbone for India’s Quantum Secure and Sensing Networks (IQSN). The project aims to move quantum technologies from readiness levels 4–5 to level 9, focusing on identity security, location integrity, network security, and time integrity. The release does not say when the project takes effect.
Key points
- Funding: ₹150 crore provided by TDB via the Research Development and Innovation (RDI) Fund
- Total Project Cost: ₹300 crore
- Goal: Advance technology from TRL 4–5 to TRL-9 for sovereign quantum-security and sensing
- Focus Areas: Device identity, location integrity, network security, and time integrity
- Funding Method: Provided through Optionally Convertible Debt (OCD)
When it applies
The document does not state when it takes effect.
Who it affects
- private company