Qualcomm has been investing in India for 17 years and says now there is a clear shift by investors and entrepreneurs to sectors like chips, robotics, AI and quantum.

After a rough few years for healthcare investment, the exits market is opening up and healthcare admin, AI and data are catching investor’s eyes.

Investment in defence startups is increasing rapidly with many nations developing their own critical technology supply chains.

The new $96m fund means the Japanese mobile phone operator now committed more than $350m to startup investments.

The newly independent CVC will focus on AI, machine learning and other deep tech.

Many of the new CVC units were launched by Asian corporates in Japan, China and Korea.

Keita Nakanishi has spent more than 25 years in engineering roles at the corporate in Japan.

Ryoya Shimada was based at Sony Innovation Fund in Tokyo, Japan.

The Unicorn Growth Fund will target leading technology companies across Asia, with India as the focal point of its investment strategy.

Japan has a strong network of university-affiliated funds. These are now looking to back corporate carve-outs, too.