For Qualcomm, the 5G does not stop only smartphones. The founder announced the launch of a fund to invest $ 200 million in startups developing industrial applications based on 5G.
While Samsung has just unveiled its next modems and 5G processors , Qualcomm is not left out. To offer a place of choice in the race currently engaged by manufacturers on future wireless telecommunications technology, the founder announced Thursday the launch of a massive investment, of the order of 200 million euros. dollars, in start-up startups that develop 5G applications beyond just smartphones.
“5G is going to transform industries and should be seen as a business strategy for everyone,” said Steve Mollenkopf, the CEO of Qualcomm Incorporated, in announcing the start of the new fund , whose “goal will be ‘fueling innovative 5G companies that will be ready to take advantage of the economic advantage that 5G will achieve by 2035 “.
This “global fund will focus on investing in startups, developing new innovative 5G usage cases, transforming the 5G network and expanding 5G into enterprise markets,” said management. of the foundry. Over the next four years, the Qualcomm Ventures 5G Ecosystem Fund will support startups in the 5G value chain, including building devices, networks and communications, applications and services.
Do not go to the smartphone ecosystem alone
Called the 5G Ecosystem Fund, the investment plan launched by Qualcomm “will invest in startups that will develop 5G applications beyond smartphones and across the entire 5G value chain,” said Senior Vice President Quinn Li from Qualcomm Technologies and responsible for the fund.
He said it will focus on “companies developing new use cases leveraging the 5G’s unique capabilities to solutions that turn networks into a smart, software-defined connectivity framework.”
The fund will be managed by Qualcomm Ventures, the company’s venture capital investment group. Qualcomm Ventures has made over 350 investments since its inception in 2000, including Zoom, Cloudflare, AMEC, Xiaomi, Cruise Automation, 99, Thundersoft, Fitbit and Waze. Last year, Qualcomm launched the Qualcomm Ventures AI Fund to invest in start-up companies using AI on equipment.