—Reiterates Commitment to Support Digital India
—Eight shortlisted start-ups will receive seed funding of USD $10,000 each, to enable them to translate ideas to working prototypes
—Top two winners of Cycle I will receive prize money of USD $75,000 each
APR 26, 2017 | SAN DIEGO | Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Incorporated (NASDAQ: QCOM) today announced the top eight finalists in the first cycle of Qualcomm® Design in India Challenge II (QDIC II), registrations for which started in January 2017. These finalists were selected through a rigorous selection process which culminated in an extensive pitch session in March 2017. Launched in association with National Association of Software and Services Companies (NASSCOM), QDIC, now a part of a larger initiative, Qualcomm Design in India Program (QDIP), encourages product companies to create innovative hardware product designs incorporating Qualcomm technologies and platforms.
In January 2017, Qualcomm had announced an investment of USD $8.5 million for expansion of its design initiatives in India, to be called henceforth the ‘Qualcomm Design in India Program’ (QDIP). Under this program two key initiatives were announced:
Acknowledging the continued momentum of QDIC II in enabling innovation, Ms. Aruna Sundararajan, secretary, Ministry of Electronics and Information Technology, said, “We are happy to support and encourage industry initiatives like the Qualcomm Design in India Program that drives technological innovation and aligns well with the mission of Digital India. Emerging technologies, such as IOT and big data, will sit at the heart of an empowered India that we envision. Programs like the Qualcomm Design in India Challenge can play a critical role in evangelizing the digital opportunity and spurring invention. By engaging with smaller companies, this initiative helps them scale faster and enables young entrepreneurs in becoming problem solvers and solution builders.”
“Innovation is at the heart of everything we do at Qualcomm. We’ve set out to accelerate growth in the digital ecosystem and we are thrilled to see an overwhelming response for QDIC in its second consecutive year, with eight select technopreneurs ready to transform their ideas from concept to product stage at our Qualcomm Innovation Labs,” said Jim Cathey, senior vice president and president, Asia Pacific & India, Qualcomm Technologies, Inc. “We are excited to help build a vibrant ecosystem that will scale to support the multifaceted needs of a truly hyper-connected world.”
The eight shortlisted companies for the second edition of the QDIC are:
Enabled by the Qualcomm Technology Licensing team, these top eight companies will now be incubated in the Qualcomm Innovation Lab and two winners will each receive a prize money of USD $75,000 at the end of the incubation period expected in August 2017.
More information on Qualcomm Design in India Challenge: http://www.qualcomm.co.in/design-in-india
About Qualcomm Incorporated
Qualcomm's technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.