Qualcomm Ventures is promoting QPrize, a global competition for entrepreneurs and start-ups that are seeking their first “seed” round of funding. We are looking for entrepreneurs who have business ideas based on innovative technology and need a little capital to get them off the ground. We are hosting six regional competitions and selecting eight finalists from within each region. The winners from each region will receive $100,000 in convertible note funding and will be invited to compete in our Grand Prize final for an additional $150,000.
How does QPrize benefit entrepreneurs?
Last year, Qualcomm Ventures hosted four regional QPrize competitions and funded them with $550,000 in convertible note seed capital. All four winners went on to secure Series A investments from institutional investors.
How can you participate?
Any entrepreneur or start-up company that has not raised institutional funding and secured less than $2M in angel or “friends & family” financing is eligible to participate.
December 14th, 2010
Learn more about QPrize: http://www.qualcomm.com/videos/qprize-2010