Qualcomm has launched the Qualcomm Ventures 5G Ecosystem Fund, which will invest up to US$200 million in building the 5G ecosystem. Designed to help accelerate 5G innovation beyond the smartphone and drive 5G adoption, the global fund will focus on startups developing new and innovative 5G use cases, driving 5G network transformation and expanding 5G into enterprise markets.
“5G will transform industries and should be viewed as a business strategy for all. The intent of this fund is to fuel innovative 5G businesses that will be poised to take advantage of the $13.2T economic benefit that 5G will enable by 2035,” said said Steve Mollenkopf, CEO of Qualcomm.
“The 5G Ecosystem Fund will invest in startups developing 5G applications beyond smartphones and across the entire 5G value chain from companies developing new use cases leveraging 5G’s unique capabilities to solutions that transform networks into an intelligent, software-defined connectivity fabric,” said Quinn Li, Senior Vice President of Qualcomm Technologies and Global Head of Qualcomm Ventures.