Qualcomm Design in India Challenge aims to encourage startups to come up with ideas that can put India on the global innovation map
Bangalore: Chipmaker Qualcomm on Monday announced 12 finalists for its “Design in India Challenge 2021” and each finalist will receive Rs 3.2 lakh along with a host of other benefits.
Startups will benefit from mentoring and access to Qualcomm’s innovation labs, patent filing incentives and business development opportunities with the help of Qualcomm’s global sales and sales teams.
In March 2022, a pitching session of the jury will select a winner and the first and second finalists who will receive respectively Rs 65 lakh, Rs 50 lakh and Rs 35 lakh.
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“The Qualcomm Design in India Challenge aims to encourage startups to come up with ideas that can put India on the global innovation map and in doing so also learn how to protect their own innovations through patents,” said said Sudeepto Roy, vice president of engineering, Qualcomm Incorporated.
“About Qualcomm Design in India Challenge”
The sixth edition of the “Qualcomm Design in India Challenge” was organized in collaboration with NASSCOM, Startup India and AGNIi and received nearly 160 applications from all sectors.
The finalists come from various fields such as intelligent robotics, intelligent infrastructure, manufacturing, agrotech space technology and medical technology.
“Indian startups have the capacity to come up with innovations that can bring solutions not only to India but also to the world. We see great promise in India’s startup ecosystem and we will continue to nurture it through our programs, ”said Rajen Vagadia, Vice President, Qualcomm India and President, Qualcomm India and SAARC.
“Reimbursement and benefits”
Each startup will receive a refund in the amount of Rs 1.6 lakh for a full utility patent application.
The 12 shortlisted startups will receive an initial grant of Rs 1.6 lakh at the start of the incubation period.
After a mid-cycle review, approximately five months after the start of incubation, startups that meet the exam requirements will be eligible for an additional grant of Rs 1.6 lakh.
If selected, they will receive a combined total of 30 seat-months at a NASSCOM IoT and AI Center of Excellence at no cost, the company said.
Accelerator services will be available to all startups, at no additional cost, through a third-party provider.
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