Qualcomm will fund mobile and internet of everything companies through a newly formed fund that will be advised by its Qualcomm Ventures subsidiary.
Mobile semiconductor maker Qualcomm plans to invest up to $150m in India-based startups through a newly formed corporate venturing fund.
The initiative was announced by executive chairman Paul E Jacobs at the Digital India dinner, held as part of a visit by Indian prime minister Narendra Modi to Silicon Valley. The fund, not yet named, will be advised by Qualcomm Ventures, Qualcomm’s corporate venturing unit.
Qualcomm intends to fund companies developing mobile and internet of everything (IOE) technology, and will…
