The fund has made five investments - one investment, heart monitoring company, AliveCor (pictured) - and the money will come from Qualcomm's existing allocation to its corporate venturing unit.
Qualcomm Ventures was given management of a $100m life fund to invest in wireless technology for medical devices yesterday.
The corporate venturing fund of US-based semiconductor and telecommunications conglomerate Qualcomm was given management of the Qualcomm Life fund.
The funds will come from the existing allocation for Qualcomm Ventures, with an aim to help roll out Qualcomm’s 2net Platform, managed by its newly formed Qualcomm Life unit, as well as other wireless health initiatives.
Qualcomm Ventures has already invested…
