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India’s space economy soars: A $130 million VC fund to ignite innovation

The $130 million Venture Capital Fund is more than just a financial investment; it’s a catalyst for growth, innovation, and self-reliance in India’s space sector

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In a dynamic leap toward becoming a global leader in space technology, India is set to launch a $130 million Venture Capital (VC) Fund dedicated to its burgeoning space sector. Announced by Prime Minister Narendra Modi, this initiative, spearheaded by the Indian National Space Promotion and Authorization Centre (IN-SPACe), aims to ignite innovation and support the country’s growing number of space startups.

A New Era for Space Startups

For many aspiring entrepreneurs in India’s space industry, access to funding has often been a significant barrier. Traditional lenders are typically hesitant to invest in the high-risk, high-reward arena of space technology. This new VC Fund is designed to fill that gap, providing essential capital to startups looking to take off.

“The fund is a game-changer,” says Dr. Anjali Rao, a space technology analyst. “It signals to investors that the government believes in the potential of our space industry. We’re going to see a surge in innovative solutions coming from Indian startups.”

Bridging the Funding Gap

The $130 million crore initiative is not just about money; it’s about fostering a supportive ecosystem. Over the next five years, the fund will allocate capital strategically, with plans to invest between $18.3 million and $30.5 million annually. This structured investment approach is designed to cater to both early-stage startups and more established firms, ensuring that companies at various levels of maturity can benefit.

For startups in their infancy, funding will range from $1.22 million to $ 3.66 million. More established companies with proven track records could receive up to $7.32 million. This tiered approach allows us to support a diverse range of companies and their unique needs.

Talent Retention and Economic Growth

One of the critical goals of the VC Fund is to prevent brain drain. Many skilled professionals have moved abroad for better opportunities, but this fund aims to retain talent by creating a thriving domestic ecosystem. “We’re not just creating jobs; we’re building a community of innovators who want to stay and grow in India,” says Dr. Meera Gupta, a startup consultant based in Mumbai, India.

Currently, India’s space economy is valued at approximately USD 8.4 billion, capturing about 2% of the global market. The government aims to quintuple this figure to USD 44 billion by 2033

The anticipated impact on employment is significant. The fund is expected to generate thousands of jobs across various sectors, from engineering to data analysis. As companies expand, indirect job creation in logistics and support services will also flourish.

Global Ambitions

Currently, India’s space economy is valued at approximately USD 8.4 billion, capturing about 2% of the global market. The government aims to quintuple this figure to USD 44 billion by 2033, with a strong focus on increasing exports. This vision positions India as a formidable player in the international space arena.

For startups in their infancy, funding will range from $1.22 million to $ 3.66 million. More established companies with proven track records could receive up to $7.32 million

As countries around the world recognize the strategic importance of their space sectors, India’s initiative aligns with global trends. Countries like the UK, Italy, and Japan have established similar funds to stimulate innovation and private sector participation. “India is taking a bold step in this direction, and the potential is immense,” remarks Dr. Rao.

Looking Ahead

As the launch of the VC Fund approaches, excitement is building within the Indian space community. Startups are already gearing up to apply for funding, eager to leverage the support that will help them bring their visions to life. “This is just the beginning,” says Dr. Gupta. “With the right backing, we can achieve remarkable things.”

The $130 million Venture Capital Fund is more than just a financial investment; it’s a catalyst for growth, innovation, and self-reliance in India’s space sector. As India looks to the stars, the world will be watching to see how this initiative transforms the landscape of space technology.

Space & Physics

A New Milestone in Quantum Error Correction

This achievement moves quantum computing closer to becoming a transformative tool for science and technology

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Quantum computing promises to revolutionize fields like cryptography, drug discovery, and optimization, but it faces a major hurdle: qubits, the fundamental units of quantum computers, are incredibly fragile. They are highly sensitive to external disturbances, making today’s quantum computers too error-prone for practical use. To overcome this, researchers have turned to quantum error correction, a technique that aims to convert many imperfect physical qubits into a smaller number of more reliable logical qubits.

In the 1990s, researchers developed the theoretical foundations for quantum error correction, showing that multiple physical qubits could be combined to create a single, more stable logical qubit. These logical qubits would then perform calculations, essentially turning a system of faulty components into a functional quantum computer. Michael Newman, a researcher at Google Quantum AI, highlights that this approach is the only viable path toward building large-scale quantum computers.

However, the process of quantum error correction has its limits. If physical qubits have a high error rate, adding more qubits can make the situation worse rather than better. But if the error rate of physical qubits falls below a certain threshold, the balance shifts. Adding more qubits can significantly improve the error rate of the logical qubits.

A Breakthrough in Error Correction

In a paper published in Nature last December, Michael Newman and his team at Google Quantum AI have achieved a major breakthrough in quantum error correction. They demonstrated that by adding physical qubits to a system, the error rate of a logical qubit drops sharply. This finding shows that they’ve crossed the critical threshold where error correction becomes effective. The research marks a significant step forward, moving quantum computers closer to practical, large-scale applications.

The concept of error correction itself isn’t new — it is already used in classical computers. On traditional systems, information is stored as bits, which can be prone to errors. To prevent this, error-correcting codes replicate each bit, ensuring that errors can be corrected by a majority vote. However, in quantum systems, things are more complicated. Unlike classical bits, qubits can suffer from various types of errors, including decoherence and noise, and quantum computing operations themselves can introduce additional errors.

Moreover, unlike classical bits, measuring a qubit’s state directly disturbs it, making it much harder to identify and correct errors without compromising the computation. This makes quantum error correction particularly challenging.

The Quantum Threshold

Quantum error correction relies on the principle of redundancy. To protect quantum information, multiple physical qubits are used to form a logical qubit. However, this redundancy is only beneficial if the error rate is low enough. If the error rate of physical qubits is too high, adding more qubits can make the error correction process counterproductive.

Google’s recent achievement demonstrates that once the error rate of physical qubits drops below a specific threshold, adding more qubits improves the system’s resilience. This breakthrough brings researchers closer to achieving large-scale quantum computing systems capable of solving complex problems that classical computers cannot.

Moving Forward

While significant progress has been made, quantum computing still faces many engineering challenges. Quantum systems require extremely controlled environments, such as ultra-low temperatures, and the smallest disturbances can lead to errors. Despite these hurdles, Google’s breakthrough in quantum error correction is a major step toward realizing the full potential of quantum computing.

By improving error correction and ensuring that more reliable logical qubits are created, researchers are steadily paving the way for practical quantum computers. This achievement moves quantum computing closer to becoming a transformative tool for science and technology.

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Study Shows Single Qubit Can Outperform Classical Computers in Real-World Communication Tasks

This new research, however, offers compelling evidence of quantum systems’ power in a real-world scenario

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Breakthrough Study Shows Quantum Systems Can Outperform Classical Computers in Real-World Communication Tasks

A new study from the S. N. Bose National Centre for Basic Sciences in West Bengal, India, in collaboration with international teams has revealed that even the simplest quantum system, a single qubit, can surpass its classical counterpart in certain communication tasks. This discovery reshapes our understanding of quantum computing and hints at a future where quantum technologies could solve problems that classical computers, even with ample resources, cannot.

Quantum systems have long been seen as the next frontier in computing, with the potential to revolutionize technology. However, proving their superiority over classical systems has been a challenge, as experiments are complex, and limitations often arise that suggest quantum advantage might not be as accessible as once thought. This new research, however, offers compelling evidence of quantum systems’ power in a real-world scenario.

Professor Manik Banik and his team at the S. N. Bose Centre, alongside researchers from the Henan Key Laboratory of Quantum Information and Cryptography, Laboratoire d’Information Quantique, University libre de Bruxelles, and ICFO—the Barcelona Institute of Science and Technology, have demonstrated that a single qubit can outperform a classical bit in a communication task, even when no extra resources, like shared randomness, are available. The theoretical study, published in Quantum, was accompanied by an experimental demonstration featured as an Editors’ Suggestion in Physical Review Letters.

The team’s innovative approach involved developing a photonic quantum processor and a novel tool called a variational triangular polarimeter

The key to this breakthrough lies in the way quantum and classical systems handle communication. Classical communication often relies on shared resources, such as pre-agreed random numbers, to function efficiently. Without these shared resources, the task becomes more challenging. In contrast, the researchers found that a qubit does not require such help and can still outperform a classical bit under the same conditions.

The team’s innovative approach involved developing a photonic quantum processor and a novel tool called a variational triangular polarimeter. This device enabled them to measure light polarization with high precision using a technique known as Positive Operator-Valued Measurements (POVM). These measurements play a crucial role in understanding the behavior of quantum systems, particularly under realistic conditions that include noise.

Credit: PIB

“This result is particularly exciting because it demonstrates a tangible quantum advantage in a realistic communication scenario,” said Professor Banik. “For a long time, quantum advantage was mostly theoretical. Now, we’ve shown that even a single qubit can outperform classical systems, opening up new possibilities for quantum communication and computing.”

Credit: PIB

This research represents more than just an academic milestone; it brings us a step closer to a future where quantum technologies could drastically alter how we process and communicate information. As quantum systems continue to develop, this breakthrough makes the divide between quantum and classical computing not only more fascinating but also more attainable. The study also signals that quantum systems may eventually be able to solve problems that classical computers struggle with, even when resources are limited.

With this discovery, the potential for quantum communication and computation is moving from theoretical to practical applications, making the future of quantum technologies look even more promising.

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IIT Kanpur Unveils World’s First BCI-Based Robotic Hand Exoskeleton for Stroke Rehabilitation

The BCI-based robotic hand exoskeleton utilizes a unique closed-loop control system to actively engage the patient’s brain during therapy

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The Indian Institute of Technology Kanpur (IITK) has unveiled the world’s first Brain-Computer Interface (BCI)-based Robotic Hand Exoskeleton, a groundbreaking innovation set to revolutionize stroke rehabilitation. This technology promises to accelerate recovery and improve patient outcomes by redefining post-stroke therapy. Developed over 15 years of rigorous research led by Prof. Ashish Dutta from IIT Kanpur’s Department of Mechanical Engineering, the project was supported by India’s Department of Science and Technology (DST), UK India Education and Research Initiative (UKIERI), and the Indian Council of Medical Research (ICMR).

The BCI-based robotic hand exoskeleton utilizes a unique closed-loop control system to actively engage the patient’s brain during therapy. It integrates three key components: a Brain-Computer Interface that captures EEG signals from the motor cortex to detect the patient’s intent to move, a robotic hand exoskeleton that assists with therapeutic hand movements, and software that synchronizes brain signals with the exoskeleton for real-time feedback. This coordination helps foster continuous brain engagement, leading to faster and more effective recovery.

“Stroke recovery is a long and often uncertain process. Our device bridges the gap between physical therapy, brain engagement, and visual feedback creating a closed-loop control system that activates brain plasticity, which is the brain’s ability to change its structure and function in response to stimuli,” said Prof. Ashish Dutta. “This is especially significant for patients whose recovery has plateaued, as it offers renewed hope for further improvement and regaining mobility. With promising results in both India and the UK, we are optimistic that this device will make a significant impact in the field of neurorehabilitation.”

Traditional stroke recovery often faces challenges, especially when motor impairments stem from damage to the motor cortex. Conventional physiotherapy methods may fall short due to limited brain involvement. The new device addresses this gap by linking brain activity with physical movement. During therapy, patients are guided on-screen to perform hand movements, such as opening or closing their fist, while EEG signals from the brain and EMG signals from the muscles are used to activate the robotic exoskeleton in an assist-as-required mode. This synchronization ensures the brain, muscles, and visual engagement work together, improving recovery outcomes.

Pilot clinical trials, conducted in collaboration with Regency Hospital in India and the University of Ulster in the UK, have yielded impressive results. Remarkably, eight patients—four in India and four in the UK—who had reached a recovery plateau one or two years post-stroke achieved full recovery through the BCI-based robotic therapy. The device’s active engagement of the brain during therapy has proven to lead to faster and more comprehensive recovery compared to traditional physiotherapy.

While stroke recovery is typically most effective within the first six to twelve months, this innovative device has demonstrated its ability to facilitate recovery even beyond this critical period. With large-scale clinical trials underway at Apollo Hospitals in India, the device is expected to be commercially available within three to five years, offering new hope for stroke patients worldwide.

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