Qualcomm Launches Competition for Startups

7th of May 2009 by admin

Qualcomm Ventures, the strategic capital arm of Qualcomm, has unveiled its QPrize competition, which will award up to $550,000 to four startups from around the world.

The competition is open to startups with business plans related to wireless technology in areas that include consumer and cleantech.

Qualcomm Ventures will select four semi-finalists, from North America, Europe, China and India, to receive $100,000 each in convertible notes. Those startups will then compete for an additional $150,000 in convertible notes. The deadline for business plan submissions is July 31, 2009.

Irish Mobile advertising company Xiam was acquired by Qualcomm in March 2008 for approximately $32 million.

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