Qualcomm Launches Entrepreneurship Prize

San Diego-based Qualcomm disclosed today that it has launched a new, entrepreneurship prize which will provide $550,000 in seed funding to entrepreneurs in North America, Europe, China, and India. According to Qualcomm, its new business plan competition--the Qualcomm Ventures QPrize competition--is aimed at promoting innovation in the wireless industry. The company will award one semi-finalists $100,000 each in each of its four markets--North America, Europe, China, and India. From those semi-finalists, it will select a grand prize winner which will receive $150,000 in convertible note funding. Qualcomm said that the deadline for the business plan competition in July 31st.