Through its venture arm, Qualcomm Ventures, the US semiconductor and telecommunications company Qualcomm intends to invest up to $150 million in Indian startups. With an emphasis on deep technology and artificial intelligence startups, the investments will be made through its Strategic AI Venture Fund.
Its participation in the India AI Impact Summit in New Delhi is timed to coincide with the announcement.
With an emphasis on industries like automotive, IoT, robotics, mobile technologies, and edge computing, the fund will support businesses at all stages. Qualcomm wants to help startups develop edge-AI and AI applications for connected platforms, industrial systems, and devices that use on-device processing.
Qualcomm intends to improve the creation of AI-native products for both domestic and international markets through this initiative.
Mobile, enterprise SaaS, consumer internet, and hardware are just a few of the industries in which Qualcomm Ventures has previously made investments in Indian startups. The company intends to use this additional funding to diversify its deeptech and semiconductor-related innovation holdings.
Alongside the investment, policy support for India’s semiconductor manufacturing and AI development is growing. Beyond simply allocating funds, Qualcomm anticipates collaborating closely with founders on product development, go-to-market plans, and international alliances.
