QPrize 2012…Total USD 1M to be won…..

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Qualcomm ventures which is a investment arm of Qualcomm launched “Q-Prize” in 2009.The sole aim of this competition was to promote innovation in the field of technology.If you are an early stage company then this is a right platform for you.Now be ready for “Q-Prize 2012”

The QPrize competition is open to start-ups whose business plans accelerate technology development in the following business sectors:

Consumer/enterprise applications and services
Communication devices
Semiconductor and component technologies
Mobile platforms
Digital media and content
Healthcare technologies and services
CleanTech

Submission Deadline : 17 August 2012
Prize: : Qualcomm Ventures will select one winner of the QPrize India competition who will receive US$100,000 of convertible note funding from Qualcomm Incorporated. The QPrize India winner will then be eligible compete against other regional finalists in the QPrize Grand Finals competition for an additional US$150,000 in convertible note funding.
Eligibility:Any entrepreneur or start-up company that has secured less than $2M in financing is eligible to participate.
General Info.: There is no Entry Fee and you can submit only 1 B-Plan.
For More Details and Entry Form:http://www.qualcommventures.com/qprize

Last Year Winner:Reverie Language Technologies
It is a Bangalore based company which provides technology and solutions for local language (Indian, Perso-arabic and other South Asian complex scripts) processing of digital media in mobile and other devices.

Judging Criteria
Judging criteria will include general points what a VC sees i.e. Scalability and Exit Plan.
But basic points are as follows:

Merits of innovation
Market potential
Management capabilities
Realistic financial projections

What should the business plan include?
To prepare a better B-Plan, Click Here.Else general points to be covered are-
Executive Summary
Management/Founders Biographies
Business Description
Market Analysis
Competitive Overview
Business Risk Summary
Financial Projection

Contact Details:
Chandan +91-9986198806
Samridhi +91-9740196885

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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