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Qualcomm commits up to $150 million to venture fund in India

Staff writer ▼ | September 28, 2015
Qualcomm Incorporated announced its intention to invest up to $150 million in Indian startup companies across all stages as part of its commitment to India.
Investing   Qualcomm has been investing in Indian startups since 2007
Qualcomm Ventures will advise and direct Qualcomm’s activities with respect to these strategic investments.

Qualcomm has been investing in promising Indian startups since 2007 and there are more than 20 Indian companies as part of its global portfolio.

Sectors of investment vary across the mobile ecosystem and include hardware, software platforms, e-commerce, healthcare, location based services and retail technology.

Initiatives such as the QPrize™ competition, a global seed investment competition, as well as an early stage fund, are part of the team’s efforts in encouraging early stage entrepreneurs.