Qualcomm Incorporated (NASDAQ: QCOM), through its venture capital arm Qualcomm Ventures, today announced the India finalist in its international Qualcomm Ventures QPrize™ 2012 venture investment competition. Deck App Technologies, based in Bangalore, will receive US$100,000 in venture financing from Qualcomm to expand its business. The company was selected based on its product innovation and the strength of its management team. The victory enables Deck App Technologies to move forward in the competition and compete against other regional champions for an additional US$150,000 in venture financing in the QPrize Global Grand Prize competition, taking place in the first quarter of 2013 in San Francisco.
Deck App Technologies offer products to create compelling and memorable presentations on any device in the easiest way.
The second prize winner of the competition Uberlabs, a company that provides Social CRM solutions for images and videos, will receive US$25,000 from Microsoft Corp. In addition, the other six companies that were shortlisted in the finals of QPrize India 2012 have been invited to Microsoft BizSpark Plus program.
“Qualcomm is passionate about innovation and applauds the spirit of entrepreneurship that looks to redefine standard norms,” said Karthee Madasamy, senior director of Qualcomm Ventures. “Through QPrize, we help identify breakthrough ideas at early stages and help them grow by providing promising entrepreneurs with mentorship, investment support and exposure to the global technology ecosystem. We congratulate Deck App Technologies on their impressive accomplishments and look forward to their participation in the Grand Prize competition.”
Harish Vaidyanathan, director of Evangelism at Microsoft Corporation India Pvt. Ltd. said, “We are glad to collaborate with Qualcomm to support early-stage technology companies in their journey to success. India has a huge talent pool and it is important for ecosystem players to join forces to foster greater opportunities for successful entrepreneurship.”
Companies also competing in the India regional QPrize competition included:
Amplyfy.me: amplyfy is your TV viewing companion bringing the power of discovery, social and content to every minute of TV
Fingertips Education: a tablet based learning model that’s creating informed choices for students and teachers
Gamooz: committed to the development of augmented reality based applications and products which are in everyone’s reach
Medisurge Technologies: an e+mHealth organization providing extremely simple, scalable and affordable solutions to health seekers
MoveInSync Technology: offers a transport management solution which helps move people and goods faster and cheaper
Native5 Software Solutions: a next-generation cloud platform that allows development and management of stunning applications across mobiles, tablets, desktops and smart TVs through a single development effort
Harness Handitouch Private Ltd: offers networked tablets powered by the cloud for in-class collaboration and captivation
The business plans submitted were evaluated by a panel of experts based on the merits of the technology innovation, its market potential and the company’s management capabilities. Sponsors and contributors for the QPrize India competition include Microsoft, Mumbai Angels and YourStory.in.
The Qualcomm Ventures QPrize competition is open to entrepreneurs across Brazil, China, India, Israel, Korea, North America, and Europe. Additional details on the competition are available at www.qprize.com.
Qualcomm Incorporated (NASDAQ: QCOM) is the world leader in 3G, 4G and next-generation wireless technologies. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.