At an event in New Delhi, the leading chipset makers for mobile devices announced that the company has plans to invest USD 8.5 Million for expansion of their design initiatives in India, to be called the ‘Qualcomm Design in India Program’ (QDIP).
Under this program, it will support companies in the areas of Rural technology, Biometric Devices, Payment Terminals, Agri Technology, Medical Technology and Smart Infrastructure. It will also enable India mobile and IoT vendors by providing advanced Camera, Audio, and RF design in India with the launch of a new Innovation Lab at Hyderabad and expansion of the current Innovation Lab in Bangalore.
Speaking on the occasion, John Han, senior vice president and general manager, Qualcomm Technology Licensing, said, “Qualcomm 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.”
On this occasion, Qualcomm also 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. The selected winners were awarded USD 100,000 each as part of the Challenge.