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“We are pleased to announce Qualcomm Ventures’ entry into the Indian market, adding to our growing business, research and development presence. By bringing our investment and expertise to Indian start-ups, we hope to help innovative ideas reach commercial success in the rapidly growing wireless and semiconductor space,” said Kanwalinder Singh, president, Qualcomm India and South Asia.
Qualcomm Ventures will focus on Indian start-ups and private companies that serve the mobile and semiconductor ecosystem in India through innovation in mobile application and platform software developers, semiconductor components, devices and service platforms and also network infrastructure providers. In addition, Qualcomm Ventures will work with its portfolio companies to provide strategic guidance, advise in enhancing and protecting their innovations and support in standardising their technologies. Qualcomm Ventures’ first direct-equity investment in India is in Tessolve Services, a provider of solutions and platforms for semiconductor testing, packaging, qualification and failure analysis. |
Source: Business Standard