Qualcomm launches a first-of-its kind $200M 5G Ecosystem Fund
Qualcomm and Qualcomm Ventures just launched a first-of-its kind 5G Ecosystem Fund, which will invest up to $200M in startups helping build the 5G ecosystem. The fund was announced at Qualcomm Ventures’ CEO Summit, a gathering of more than 300 portfolio company CEOs, investors, tech leaders and Qualcomm executives.
The fund will be invested across the entire 5G value chain and leverage Qualcomm’s technological expertise to drive 5G adoption and accelerate 5G innovation beyond the smartphone. Qualcomm with IHS expects that the growth opportunity of 5G alone is $13.2T, and we are just at the start of this transition.
Qualcomm Ventures is the only corporate venture capital firm with demonstrated, deep 5G expertise, a truly global presence in every major 5G market, and a network of operator, OEM and other ecosystem relationships that can provide portfolio companies with access to future customers, investors and partners.