Hyderabad, 23 September 2025: Quantum Ecosystems Technology Council of India (QETCI) is pleased to announce the signing of a Memorandum of Understanding (MoU) with Ideaspring Capital, an early-stage venture capital fund driving innovation in B2B deep-tech enterprises. The MoU was executed in Hyderabad on September 23, 2025. 

This partnership marks a significant step towards fostering innovation, building capacity, and accelerating the investment landscape in quantum science and technology. Together, QETCI and Ideaspring Capital will work to:

● Drive joint initiatives in research, knowledge sharing, and media engagements.
● Organize capacity building workshops and training programs for investors and policymakers.
● Lead policy advocacy and engage with stakeholders to support quantum technology investments.
● Host joint events, conferences, Demo Days, and Roadshows to showcase startups, pilots, and use cases.
● Facilitate knowledge exchange programs and expert lectures to advance quantum discourse.

Speaking on the collaboration, Suryaprakash Konanuru, CTO, Ideaspring Capital, said:
“At Ideaspring Capital, we believe quantum technologies will play a pivotal role in shaping the next wave of deep tech innovation from India. This partnership with QETCI is a step towards building a stronger ecosystem that empowers quantum startups, fosters collaboration across stakeholders, and accelerates commercialization of breakthrough research. Together, we aim to catalyze India’s journey towards global leadership in quantum innovation.”

Reena Dayal, Founder and CEO, QETCI, added:
“This partnership with Ideaspring Capital represents a powerful alignment of purpose. While QETCI continues to enable the growth of India’s quantum ecosystem through policy, research, and community building, the collaboration with Ideaspring brings in the much-needed investment readiness and startup acceleration focus. Together, we are creating an environment where India’s quantum innovations can scale globally and deliver a deep socio-economic impact.”

This MoU reflects the shared vision of both organizations to synergize strengths and create meaningful impact in India’s quantum ecosystem through innovation, investment, and collaboration.

About QETCI:
Quantum Ecosystems Technology Council of India (QETCI) is a Section 8 not-for-profit uniting Industry, Academia, Government and Partner Councils/Associations to advance the quantum ecosystem. Their mission is to accelerate and enable the quantum ecosystem in India.

About Ideaspring Capital:

Ideaspring Capital leads investments in early-stage science and technology startups; building global enterprise products from India. Some of the sectors in focus include enterprise AI, quantum computing, life sciences, space tech, climate tech and robotics.  Beyond capital, Ideaspring Capital focuses on providing strategic guidance, domain expertise, and a strong network to accelerate innovation.