To stimulate Start-Up ecosystem, Qualcomm India teams up with MeitY

News Bharati    05-Jul-2019
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New Delhi, Jul. 5: India is a growing market for start-ups. The start-up in India is taking great leaps with encouraging governmental policies. Now marking another landmark, Qualcomm India has signed a bilateral cooperation agreement with the Startup Hub (MSH) under the Ministry of Electronics and Information Technology (MeitY).
 
 

 
 
 
This agreement aims to bring the benefits of "Qualcomm Design in India Challenge" (QDIC) program to start-ups in the country.
 
 
On this occasion, Rajen Vagadia, Vice President, Qualcomm India said, “Start-ups are catalysts to the new economy, creating unique opportunities across verticals. Over the last three years, Qualcomm India has been encouraging and fostering hardware and IoT start-ups through our own Qualcomm Design in India Challenge, We are grateful to Meity for giving us this opportunity to share our learnings, domain expertise and best practices with a larger set of start-ups”.
 
 
This program offers no. of benefits from Qualcomm India, including prize money, access to software and hardware design tools and labs, technical support from a dedicated engineering team, access to intellectual property (IP) generation incentive of up to $5,000 and professional mentorship workshops.
 
Making a remark on this program, Ajay Sawhney, Secretary of MeitY said, “The very vision of MSH has been to build a conducive innovation and start-up ecosystem by bringing together various technology innovation stakeholders. The resources offered by Qualcomm India will extend this benefit to the larger ecosystem of Indian start-ups”.