Qualcomm Ventures Launches QPrize™ Business Plan Competition Supporting Global Entrepreneurship

QPrize™ is a business plan competition sponsored by Qualcomm Ventures with a goal of providing early stage funding to a select number of start-ups

Competition Overview

Qualcomm Ventures is promoting the “QPrize™” a series of international business plan competitions designed to provide over $500,000 in early stage capital for enterprising technology companies. The competition is open to entrepreneurs located throughout the world and will feature semi-final events in key locations where Qualcomm Ventures has active investment offices. Qualcomm Ventures will select one semi-finalists for each of the four contest markets: China, Europe, India and North America. Four semi-finalist will each receive $100,000 (USD) of convertible note funding from Qualcomm Ventures and will be invited to the Qualcomm Ventures CEO Summit in San Diego, Calif. to compete for the Grand Prize. The grand prize winner will receive an additional $150,000 (USD) of convertible note funding, for a total prize of $250,000 (USD) in venture financing. In a joint effort to showcase the best products, services and technologies, the grand prize winner will win a free trip to Barcelona, Spain 15-18 February 2010 to compete as a Finalist in the renowned GSMA Global Mobile Awards - Mobile Innovation Grand Prix. To view the QPrize FAQs for the competition click here. or more information on the GSMA Mobile Innovation Grand Prix click here. Additional details on candidate eligibility and submission guidelines are available at www.qprize2009.com

Timelines

May 7th, 2009 Public launch August 21st, 2009 Deadline for submitting completed business plans *September, 2009 Regional semi-finals *November, 2009 Finals in San Diego, CA

*Please visit www.qprize2009.com for more details on dates for your region

 

About Qualcomm

Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2009 FORTUNE 500® company. For more information, please visit www.qualcomm.com.

Qualcomm Ventures was launched in the United States in November 2000 with an initial US$500 million allocation. Qualcomm Ventures' aim is to support Qualcomm's mission of enabling and fostering 3G (WCDMA) and wireless Internet markets through strategic investments in privately owned startup ventures. These strategic investments include companies focusing on wireless communication technologies and products serving consumer, enterprise and vertic

al markets worldwide.