Qualcomm All Set To Fuel Innovative 5G Businesses

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  • The 5G Ecosystem Fund will invest in startups developing 5G applications beyond smartphones and across the entire 5G value chain
  • The fund will be used to invest in startups developing new and innovative 5G use cases, driving 5G network transformation and expanding 5G into enterprise markets

Qualcomm Incorporated has announced the launch of the Qualcomm Ventures 5G Ecosystem Fund to invest up to an aggregate of $200 million in companies building the 5G ecosystem.

The fund will be used to invest in startups developing new and innovative 5G use cases, driving 5G network transformation and expanding 5G into enterprise markets. This fund is designed to help accelerate 5G innovation beyond the smartphone and drive 5G adoption.

“5G will transform industries and should be viewed as a business strategy for all,” said Steve Mollenkopf, CEO of Qualcomm Incorporated.

He added, “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.”

“The 5G Ecosystem Fund will invest in startups developing 5G applications beyond smartphones and across the entire 5G value chain,” said Quinn Li, senior vice president, Qualcomm Technologies, Inc. and global head of Qualcomm Ventures.

Li added, “From companies developing new use cases leveraging 5G’s unique capabilities to solutions that transform networks into an intelligent, software-defined connectivity fabric. We want to fuel the innovations in the 5G ecosystem and unlock the potential of 5G.” 

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