Qualcomm to invest in startups

Qualcomm’s investment arm has pledged to commit Eur100m to European small and medium sized enterprises and startups working on the 3G WCDMA platform. The outfit is targeting mobile application and platform software developers, handset components, network infrastructure and core technologies providers. In addition to cash, Qualcomm Ventures will also provide companies with strategic guidance, advice in enhancing and protecting their innovations, support in standardising their technology, and help getting faster access to global markets.” Qualcomm is serious about being a partner to the European wireless market,” said Andrew Gilbert, president of Qualcomm Europe. “We are actively seeking opportunities to invest in and support promising European companies. Not only do we recognise Europe’s significant market potential, but we believe this kind of investment and know-how support will help to unlock the true potential of these remarkable SMEs.” Qualcomm’s fist investment in Europe is in Streamezzo, a provider of rich media solutions, platforms and service for mobile communications.