Hyderabad: American multinational chip maker Qualcomm has announced a strategic partnership with startup engine T-Hub in Hyderabad on Wednesday. As part of the memorandum of understanding Qualcomm will help startups get access to its accelerator programme and will also expand its Innovation Lab’s ecosystem.
The chip maker under its Qualcomm Design in India Programme (QDIP) will work with T-Hub to find new startups in the areas of internet of things (IoT) so as to transform their ideas into products and they will be incubated at T-Hub. In addition, the company will also expand its Innovation Lab – with one in Bengaluru – here in Hyderabad to work with established companies in advanced technologies and make their products compatible globally.
“Under the QDIP, we have completed the first round of challenge and have shortlisted seven semi-finalists out of 15 startup applications that we have received. In the second July-December phase we will be selecting seven more and at the end of the year we will have four finalists who will receive $75,000 each as funding. This is part of our commitment to invest $8.5 million in the programme announced in January 2017,” said Shashi Reddy, V-P, Engineering, Qualcomm.
Commenting further, T-Hub CEO Jay Krishnan also informed that the chip maker has established a lab in the T-Hub building itself so as to provide technological support to selected startups from the QDIP and help them scale quickly. “T-Hub will provide corporate innovation platform in partnership with Anthill to provide incubation support as well,” he added.
Qualcomm in Hyderabad has also been partnering with the Telangana government in various initiatives like Girls in Tech and also working with hardware incubator T-Works as well. “The design challenge with T-Hub will give way to more deeper engagement with T-Hub and also provide startups with access to big companies,” said Jayesh Ranjan, Principal Secretary, IT, Telangana.
Meanwhile, Ranjan also added that the second phase of T-Hub will be operational in one year’s time from now.