QPrize: $750,000 Seed Fnding Competition
Qualcomm ventures has launched "QPrize" a business plan competition to support international entrepreneurship. This is the second edition of "QPrize" ie. QPrize-2010. QPrize is an initiative by qualcomm ventures to identify, strengthen and promote your business ideas (based on wireless technology only) while in the concept stage.
QPrize competition is open to entrepreneurs in India, North America, Europe, Israel, south korea and China and will provide $750,000 in total seed funding to help entrepreneurs transform their business plan in reality.
India regional winner will get a prize money money of 100,000$ and will also get chance to compete with other regional winners.
Timelines :
- December 14th,2010 - Deadline for submitting completed business plans
- January 15th, 2011 - Event to pick India region winner
- March 1st and 2nd, 2011 - Grand Finals in California
The India regional winner for QPrize - 2009 was "Capillary Technologies", an IIT Kharagpur incubated company from Bangalore, Capillary technologies provides mobile based loyalty programs for retailers. Their first product, "In Touch", is an SMS based loyalty program with analytics for retailers, with analytics on the web, as well as campaign management and messaging tools. They also provide SMS based event management for Events, College Festivals and Conferences, with registration, games, quizzes, schedule and event information.
