Indian startups, especially early stage companies to thrive in 2017: Qualcomm
Summary
Qualcomm Ventures, the venture investment arm of US-based chip maker Qualcomm Inc which has a USD 150 million India-focused fund, expects 2017 to be a better year for the startup ecosystem, especially early stage companies. She pointed out that the ecosystem in India is quite mature, as there are several early stage accelerators and incubators, attached to established educational institutes like IITs and IIMs as well as several corporations, including Microsoft, that have set up venture arms. Qualcomm has been investing in Indian startups since 2007 and more than 20 Indian companies, including Portea, MapMyIndia, Reverie Language Technologies, and Capillary Technologies, are part of its portfolio. Qualcomm also runs a global seed investment competition Qprize as part of engagement with early stage entrepreneurs. Globally, Qualcomm Ventures has over USD 500 million in assets under management.
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