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Qualcomm announces expansion of its Design in India ProgramNEW DELHI, Jan. 17, 2017 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced the top three winners of its first edition of the Qualcomm Design in India Challenge (QDIC), which was launched in December 2015, in association with the National Association of Software and Services Companies (NASSCOM). Over the last 12 months, ten shortlisted companies were incubated with initial prize money of USD 10,000 each and engineering support at Qualcomm India's Innovation Lab in Bangalore where they could transform their ideas into prototypes. In the final round, the companies were judged by the jury members consisting of Industry, Government and Qualcomm executives. In addition, the selected winners were awarded USD 100,000 each as part of the Challenge. The winners are Carnot Technologies, IFuture Robotics and Uncanny Vision. Qualcomm also announced investment of USD 8.5 Mn for expansion of their design initiatives in India, to be called henceforth the 'Qualcomm Design in India Program' (QDIP). Under this program two key initiatives were announced:
Speaking on the occasion, John Han, senior vice president and general manager, Qualcomm Technology Licensing, said, "Qalcomm is passionate about innovation, every year we invest billions in risky R&D to invent technologies that bring advancements in various aspect of our lives. With Prime Minister Narendra Modi's vision to transform India into a digitally empowered society, Qualcomm is committed to offering support to help India's ecosystem to grow and cater to increasing consumer choices." "Qualcomm Design in India Challenge is one of the most successful initiatives by Qualcomm to nurture some of the talented start-ups in India. After seeing the overpowering response during the 2016 edition, we decided to go ahead with a second year, as well as expanding the number of participants Qualcomm nurtures through this program from 10 to 16 participants in 2017," said Jim Cathey, senior vice president & president, Asia Pacific & India, Qualcomm Technologies, Inc. More information on Qualcomm Design In India Challenge II is available on http://www.qualcomm.co.in/design-in-india About Qualcomm To learn more, visit Qualcomm's website, blog, Twitter and Facebook pages. Qualcomm Contacts: Dechama Uthappa, Qualcomm India Public Relations John Sinnott, Investor Relations
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/qualcomm-announces-expansion-of-its-design-in-india-program-300391628.html SOURCE Qualcomm Incorporated |