Chip maker Qualcomm announced 12 finalists for the Design in India Challenge 2021 on Monday, with each finalist receiving Rs 32,000 along with many other perks.
Startups receive access to mentorship and Qualcomm Innovation Labs, patent application incentives, and business development opportunities with the help of Qualcomm’s global sales and business teams.
In March 2022, a jury pitching session will select one winner and the first and second runners to receive 65, 50 and 35 rupees, respectively.
“The Qualcomm Design in India Challenge aims to help startups come up with ideas that could put India on the global innovation map, and in the process learn to protect their innovation through patents,” said Vice President. Sudeepto Roy said. Engineering, Qualcomm Incorporated.
The sixth edition of the Qualcomm Design in India Challenge was co-hosted with NASSCOM, Startup India and AGNIi and received nearly 160 applications across the industry.
Finalists come from a variety of disciplines such as smart robotics, smart infrastructure, manufacturing, agricultural technology, space technology, and medical technology.
“Indian start-ups have the ability to create innovations that can provide solutions not only to India but to the world. The Indian startup ecosystem has high expectations and will continue to grow through the program. “Masu,” said Rajen Vagadia and SAARC, Vice President of Qualcom India and President of Qualcom India.
Each startup will receive a refund of Rs 16,000 for a complete utility model patent application.
The 12 finalists will receive an initial grant of Rs 16,000 at the beginning of the incubation period.
After an intermediate cycle review approximately 5 months after incubation, startups that meet the review requirements are eligible for an additional grant of Rs 16,000.
If selected, NASSCOM Center of Excellence IoT and AI will offer a total of 30 seat months free of charge, the company said.
Accelerator services will be available to all startups through third-party vendors at no additional cost.
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