Qualcomm partners with EvoNexus in 5G technology incubator

SAN DIEGO, November 9, 2022 /PRNewswire/ — EvoNexus is it California’s leading non-profit technology incubator based in San Diego. Qualcomm Incorporated is working closely with EvoNexus to identify early-stage companies that combine emerging technologies and use cases with the compelling attributes of the 5G network. Qualcomm is launching another search for 5G impacting startups in partnership with EvoNexus. Applications are checked at the beginning November 9thth with admission to the program on an ongoing basis.

In 2021, the EvoNexus portfolio companies have converted $530 million and had greater than $1 billion over 7 exits. Founded in 2010, 41 portfolio companies have been acquired and 85% achieve venture capital funding.

Qualcomm has a strong interest in startups in the following areas:

AI tools (compiler, model preparation, etc.)

Graphics (derating, etc.)

Chipset packaging and connection

5G V2X / ADAS (Automotive)

5G and 6G technology / Edge technology

Industry 4.0

IoT as a service

AR/XR/VR

AI-enabled sensor modules

Cybersecurity (including Quantum)

AI-enabled camera

Performance & Storage

Our 12-year relationship with EvoNexus has given Qualcomm Technologies early access to startups with potential synergies between our businesses,” corresponding Ziad Asgar, Vice President, Product Management, Qualcomm Technologies, Inc. We are excited to continue the 5G incubator program with EvoNexus to support transformative early-stage innovation.”

“5G offers startups the opportunity to develop products and services that are significantly improved or fundamentally enabled”, explained Rory MooreCEO/Co-Founder, EvoNexus. “Startups are the catalyst for change. They take risks and see it as their protection and advantage over their more risk-averse competitors. Our collaboration with Qualcomm Technologies will accelerate time to market for startups developing disruptive technologies in emerging sectors.”

About EvoNexus

EvoNexus is California’s leading non-profit technology startup incubator based in San Diego. EvoNexus has successfully launched over 250 technology startups. EvoNexus portfolio companies have secured over $3.5 billion in venture funding and results, with $10 billion in pre-exit assessments.

Unique advantages of EvoNexus Incubation:

Visit evonexus.org for more information.

ABOUT QUALCOMM

Qualcomm is the world’s leading wireless technology innovator and the driving force behind the development, adoption and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our fundamental technologies enable the mobile ecosystem and can be found in every 3G, 4G and 5G smartphone. We’re bringing the benefits of mobile to new industries, including automotive, IoT and computing, leading the way to a world where anything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL and most of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates together with its subsidiaries and covers all of our engineering, research and development functions and all of our product and service businesses, as well as our QCT semiconductor business.

Media contact: [email protected]

SOURCE EvoNexus

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