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Qualcomm has announced the finalists for the 5th Qualcomm Design in India Challenge. This a competition that helps bring innovative technologies developed in India to the market sooner, by providing expert advice to startups. You can read about previous winners here. Most of the toprunners are from the medtech space this season as well, which seems to be becoming a trend.
Read the complete press release below
Bengaluru, 16th July 2020 – Qualcomm Incorporated (NASDAQ: QCOM) has announced the top twelve finalists for the Qualcomm® Design in India Challenge 2020. Currently in its fifth edition, the Qualcomm Design in India Challenge received more than 150 applicants across industries, spurred through its collaboration with AGNIi, the program by Invest India that helps in commercializing Indian technological innovation. The finalists were identified through a virtual, rigorous jury selection process held in June. The jury included senior executives from the Ministry of Electronics and Information Technology (MeitY), Invest India, NASSCOM, and various business units. Each finalist will receive an amount of INR 1.6 lakh along with expert mentorship at Qualcomm Innovation Lab, incentives for patent-filing, and business development opportunities through Qualcomm’s global sales and business teams.
Designed with the objective of empowering the startup ecosystem in India with advanced technologies, the Qualcomm Design in India Challenge is India’s longest-running wireless hardware startup incubation program. Attuned to the digital India mission, the program focuses strongly on the creation of IP by startups. The Qualcomm Design in India Challenge offers the following benefits to its finalists:
The program has newly instituted an Innovation Commercialization Fund (ICF) of INR 60 lakhs for the year 2020. The fund is available to all Qualcomm Design in India Challenge alumni startups for claiming reimbursement towards the costs they may have incurred in going commercial with their products – including costs for regulatory certification, industrial design and/or manufacturing towards fulfilment of customer orders, subject to applicable terms and conditions.
Speaking on the occasion, Sudeepto Roy, Vice President, Engineering, Qualcomm Incorporated, said, “Innovation lies at the heart of everything we do at Qualcomm. With the Qualcomm Design in India Challenge, we had set out to boost the start-up ecosystem to achieve the reality of a digitally enabled India. Our intent was to encourage start-ups to develop innovative hardware products using Qualcomm’s advanced technologies and we are encouraged and inspired to see the level of innovation that has emerged from India over the last few years, through this program, and continues to be the theme and objective.”
Rajen Vagadia, Vice President, Qualcomm India Private Limited and President, Qualcomm India & SAARC, said, “It is our fifth year now, of running this program and we are elated to see the overwhelming response it has received year-on-year. We are confident that this initiative will continue to spur research and development of products that are designed in India and targeted at both domestic and global markets in areas of robotics, smart homes, smart cities, 5G and much more”.
Dr. Ajai K. Garg, Director, Startup, Innovation, IPR and International Cooperation, Ministry of Electronics and Information Technology, Government of India, who participated as a jury member himself, said, “The Qualcomm Design in India Challenge (QDIC) is doing a yeoman service to capture the breadth of startup activity in India. As a jury member for the 2020 cohort, it was a great opportunity for me to have a closer look at the works of some of the innovative minds with excellent entrepreneurial skills, working to find solutions in the space of emerging technologies. As the ability to develop technological innovation, which apart from complex and long-term investments, also requires application breakthroughs and smart mentoring, Qualcomm with its established infrastructure and well-connected network of technical expertise has a great role to play in nurturing innovation best practices and connect the missing dots.”
The twelve shortlisted startups of the Qualcomm Design in India Challenge 2020, in the areas of smart robotics and drones, smart infrastructure, agritech, rural IoT, medical technology, 5G & NavIC are:
These top twelve startups will start incubation at the Qualcomm Innovation Lab from July 2020. At the end of the incubation period, expected in March 2021, the winner and the first and second runners-up will receive award money of INR 65 Lakh (6.5 million), INR 50 lakh (5 million) and INR 35 lakh (3.5 million) respectively. This will serve as initial capital, crucial to their post-incubation commercialization plans.
|Release Date:||20 Jul 2020|
|Variant:||64GB4GBRAM , 128GB4GBRAM , 128GB6GBRAM|
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