San Diego Business Journal

Qualcomm Launches 2014 Business Plan Competition With Six-Figure Funding Prizes

By SDBJ Staff Monday, January 20, 2014

Qualcomm Inc. — through its venture investment arm, Qualcomm Ventures — is accepting entries for the 2014 QPrize international seed investment competition, with hundreds of thousands of dollars in seed funding at stake, the company announced.

The goal of the contest is to identify and fund promising, early-stage technology companies in the industry, Qualcomm said.

The QPrize competition is open to entrepreneurs in China, Europe, India, Israel, Korea, Latin America and North America.

One finalist from each region will be awarded $100,000 in convertible note financing from Qualcomm as seed funding and will be invited to compete against other regional finalists in the QPrize Grand Finals competition. The Grand Finals winner will receive an additional $150,000 in funding to help execute its business plan, Qualcomm said.

“As a leading industry enabler, Qualcomm is committed to fueling innovation and driving cutting-edge technologies into the entire wireless ecosystem,” said Nagraj Kashyap, senior vice president of Qualcomm Ventures.

The deadline to submit business plans is April 18.

For information or submissions, visit: www.qprize.com.