Qualcomm establishes $200M 5G start-up fund - Mobile World Live

Qualcomm establishes $200M 5G start-up fund

24 OCT 2019

Qualcomm looked to expand the 5G ecosystem with the creation of a $200 million fund to back start-ups working on technologies designed to push boundaries beyond devices.

In a statement, CEO Steve Mollenkopf said the next-generation technology had the potential to transform industries and  “should be viewed as a business strategy for all”.

SVP Quinn Li expanded, noting the fund was targeted at companies “developing 5G applications beyond smartphones and across the entire 5G value chain. We want to fuel the innovations in the 5G ecosystem and unlock the potential of 5G”.

The chipset manufacturer has invested in more than 350 start-ups since 2000, including now high-profile names Xiaomi, Fitbit and Waze.

In 2018, the company announced a $100 million fund covering AI-focused start-ups working on developments in autonomous cars, robots and machine learning platforms.

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Manny Pham

Manny joined Mobile World Live in September 2019 as a reporter based in London. He has previous experience in telecoms having worked for B2B publication Mobile News for three years where he climbed up to the position of Features Editor....

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