<article>US-based chip maker <a style="color: #000080;" href="http://www.qualcomm.co.in/" target="_blank">Qualcomm Inc</a>. said it would invest up to $150 million (Rs 980 crore) in Indian startup companies across all stages as part of its commitment to India.
The company announced this investment after its executive chairman Paul Jacobs met the India Prime Minister <a style="color: #000080;" href="http://www.narendramodi.in/" target="_blank">Narendra Modi</a> at the Digital Economy event in San Jose on Sunday.</article>

US-based chip maker <a style="color: #000080;" href="http://www.qualcomm.co.in/" target="_blank">Qualcomm Inc</a>. said it would invest up to $150 million (Rs 980 crore) in Indian startup companies across all stages as part of its commitment to India.
The company announced this investment after its executive chairman Paul Jacobs met the India Prime Minister <a style="color: #000080;" href="http://www.narendramodi.in/" target="_blank">Narendra Modi</a> at the Digital Economy event in San Jose on Sunday.
The investment will be routed through <a style="color: #000080;" href="https://qualcommventures.com/" target="_blank">Qualcomm Ventures</a> that will advise and direct Qualcomm&#8217;s activities with respect to these strategic investments, the company said in a press statement.
The fund would provide financial, marketing, technology and business support for start-ups, the company said adding that it would “fuel innovation and foster promising Indian start-ups who are contributing to the mobile and Internet of Everything ecosystem”.
&#8220;We share Prime Minister Narendra Modi&#8217;s vision to transform India into a digitally empowered society and knowledge economy. India is at the cusp of a technology revolution and mobile technologies will lay the foundation for <a style="color: #000080;" href="http://www.digitalindia.gov.in/" target="_blank">Digital India</a>,&#8221; said Dr. Paul E. Jacobs, executive chairman, Qualcomm Inc.
&#8220;We are committed to providing local innovative start-ups with the support needed to help India&#8217;s IOE ecosystem grow, increasing consumer choice and availability,&#8221; he added.
Qualcomm has been investing in Indian startups since 2007 and has more than 20 Indian companies as part of its global portfolio. Sectors of investment vary across the mobile ecosystem and include hardware, software platforms, e-commerce, healthcare, location based services and retail technology.
Initiatives such as the QPrize competition, a global seed investment competition, as well as an early stage fund, are part of the team&#8217;s efforts in encouraging early stage entrepreneurs.
Qualcomm also directly invests in Indian mobile and internet start-up companies to keenly foster the local ecosystem. Its portfolio includes <a style="color: #000080;" href="http://yourstory.com/" target="_blank">Yourstory</a>, a media tech platform for entrepreneurs;<a style="color: #000080;" href="http://www.portea.com/" target="_blank"> Portea Medical</a>, an in-home healthcare provider; and <a style="color: #000080;" href="http://www.mapmyindia.com/" target="_blank">MapMyIndia</a>, a provider of digital map, navigation, and tracking products and services.
&#8220;Since Qualcomm&#8217;s first India investment in 2007 and with full-fledged presence starting in early 2008, we continue to invest broadly to strengthen India&#8217;s overall economy,&#8221; said Nagraj Kashyap, senior vice president of Qualcomm Inc.
&#8220;We are committed to providing these companies with the support needed to help propel them forward in the competitive Indian region,” Kashyap added.
For over two decades, Qualcomm has also been helping the country&#8217;s mobile ecosystem achieve ongoing success and growth through its work with operators, OEM/ODMs, software developers, sales/distribution partners, governmental entities, academic institutions and standards organizations, among others.
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Tech giant Qualcomm to invest $150m in Indian startups

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