Qualcomm Ventures Sweetens Pot In QPrize Competition

San Diego-based Qualcomm said Thursday that it is doubling the size of its QPrize annual investment funding competition, and will now award $250,000 in convertible note financing to regional winners, with an additional $250,000 to grand prize winners. The company--which runs the prize via its venture arm, Qualcomm Ventures--has been using the competition to identify companies across the globe who are developing product complementary to its products, with specific efforts in Australia, China, Europe, India, Israel, Korea, Latin America and North America. This will be the fifth year of the competition.