Synergy Quantum SA, a Swiss start-up signs agreement with Indian Government for a joint venture in quantum technologies
(PRNewswire) Synergy Quantum SA, a quantum technology company revolutionizing data protection with post quantum encryption technology, has just signed a major contract of cooperation with the Quantum Technology Hub of the Indian Government.
Synergy Quantum SA is a Swiss startup founded in 2018 that works on high impact Industry solutions using Quantum technologies, has developed a technology that protects private data with post-quantum end-to-end encryption.
The I-Hub Quantum Technology Foundation, under the National Mission for Interdisciplinary Cyber Physical Systems, Ministry of Science and Technology, Government of India and Synergy Quantum SA have signed a joint venture agreement. The Geneva company will provide its knowhow and skills for the productization and commercialization of co-developed technologies in the field of quantum sciences. In order to encourage and promote technical bilateral cooperation on research and development in Quantum Technologies, the agreement establishes also the basis of mutual exchange and training of scientific and technical personnel and of available scientific and technological research and data. The first technologies that will be co-developed are in the field of Post-Quantum Encryption, Quantum Key Distribution, Space Quantum Communication, and the building of Quantum computers.
Synergy Quantum SA joined FONGIT innovation program in 2018. In 2021, the start-up won the European Innovation Award by Wealth & Finance and is in the process of applying for two international patents based on two very promising technologies. The company was started with seed financing of around CHF 2.5 million and has hired CERN-based engineers.
“We believe Synergy Quantum is of strategic importance not only to the Canton of Geneva, but also for helping to achieve Switzerland’s goal for global leadership in data privacy and security” declares Antonio Gambardella, Director, FONGIT.