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Qualcomm to invest $150 million in startups in India
The Economic Times· 2026-02-18 05:23
Core Viewpoint - Qualcomm is committing to invest up to $150 million in India's technology and AI startup ecosystem through its new Strategic AI Venture Fund, highlighting its long-standing dedication to the region's innovation landscape [5]. Group 1: Investment Strategy - The investment will focus on supporting startups across all stages, particularly in areas such as AI for automotive, IoT, robotics, and mobile applications [5]. - Qualcomm sees a unique opportunity in India's rapidly growing startup landscape and the advancement of AI technologies [2][5]. Group 2: Commitment to Innovation - Qualcomm has been actively investing in India's startup community since 2007, having backed over 40 companies, which demonstrates its commitment to fostering innovation in the region [4][5]. - The company aims to support startups that are positioned to drive the next wave of innovation with technologies that will have a significant real-world impact across various industries [3][5]. Group 3: Notable Portfolio Companies - Current and previous portfolio companies include Jio, MapMyIndia, ideaForge, Shadowfax, Cavli Wireless, SpotDraft, and Tonetag, showcasing a diverse range of sectors from telecommunications to AI-powered solutions [4][5].