Qualcomm Ventures has launched a global business plan competition to promote innovation in the wireless industry.
The Qualcomm Ventures QPrize competition is open to entrepreneurs in India, North America, Europe and China and will provide US$550,000 in total seed funding to help entrepreneurs transform their innovative business plans into reality. Each regional winner will receive US$100,000 of
convertible note funding. The four regional winners will compete against each other for a Grand Prize of an additional US$150,000 of convertible note funding.
Business Sectors
The Qualcomm Ventures QPrize competition is open to international entrants whose business plans accelerate wireless technology development in the following business sectors:
- Consumer/enterprise applications and services
- Communication devices
- Semiconductor and component technologies
- Mobile platforms
- Digital media and content
- Healthcare technologies and services
- CleanTech
Timelines
May 7th, 2009 - Public Launch
July 31st, 2009 - Deadline for submitting completed business plans
August 28th, 2009 - Notifications will be sent to all semi-finalists
September 2009 - India Regional event to pick India Region Winner
October 16th, 2009 - Deadline for submitting revised business plans for the final competition
November, 2009 - Finals at San Diego, CA
