Enterprise collaboration tools developer Toss Labs, the regional winner from Korea, will receive $250,000 in convertible note funding from Qualcomm Ventures as a prize.

Korea-based enterprise software startup Toss Labs today won the fifth QPrize awarded by Qualcomm Ventures, the investment arm of semiconductor technology manufacturer Qualcomm.

QPrize is a competition for entrepreneurs that can win the seed funding required to developer their idea into a product. Previous winners include retail analytics software producer Capillary Technologies and mobile management system Divide, which have since raised more than $100m between them.

Toss Lab, which is developing enterprise collaboration tools, previously won the regional…

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