Qualcomm Ventures launches a cash-prize startup competition

Next Story

More Nikon D300s pics appear, lets just call this thing real

I don’t post things like this very often but as it seems like it could help a few startups out there here goes. Let me know if you’d like to hear more about these kinds of schemes or not and I’ll give it some thought. There’s a fine line with this kind of post, but I’m up for anything promoting that helps the startups scene in Europe in the right way.

Qualcomm Ventures Europe is running something called The Qprize Competition: There’s $100k prize money for a European startup, plus the opportunity to compete with the winner from India, China and the US to win a further $150k, for a total of $250k funding. They’re targeting very early stage companies, although it’s “buyer beware” in terms of what kind of pound of flesh they want form the winner.

QPrize is a new global investment program with a (fairly low, it has to be said) $500,000 early-stage fnd for external companies and non-employee entrepreneurs. It is an International Business Plan Competition, with one semi-finalist for North America, Europe, China and India. Each semi-finalist will each receive $100,000 funding and will be invited to San Diego, California to compete for the Grand Prize. The Grand Prize winner will receive an additional US$150,000, for a total prize of US$250,000. Companies selected are those who haven’t raised any institutional funding.

The key sectors are: Consumer/enterprise applications and services Communication devices Semiconductor and component technologies Mobile platforms Digital media and content Healthcare technologies and services CleanTech.

The final date for application is July 31st, and all applications should be submitted via the QPrize website.

  • http://twitter.com/JonathanDeamer Jonathan Deamer

    I’d definitely like to read more posts about this sort of thing, but I do agree there’s a fine line. There are a lot of “competitions” that are basically looking for mad Dragon’s Den inventors with a half-formed idea and little else, not actual, existing viable businesses.

    Although Qualcomm is an exception here, I think it’s often the case that things which bill themselves as competitions are less useful to startups than real calls for business plans. Can you imagine Y Combinator calling itself a competition, for example?

  • http://beepl.com Jan Paricka

    Yes, I would definitely be interested in reading more like these….. Thank you.

  • http://www.thestartup.eu/2009/07/recent-venture-capital-deals-in-europe/ Recent technology venture capital deals in Europe | TheStartup.eu

    […] Qualcomm Ventures launches a cash-prize startup competition […]

blog comments powered by Disqus