“We stand committed to enabling the partner ecosystem in India in new areas of technology. Our collaboration with T-Hub, will help us scale rapidly, utilizing their infrastructure and resources and bring path-breaking innovations to India,” said Jim Cathey, senior vice president and president, Asia Pacific and India, Qualcomm International.
Under the Memorandum of Understanding (MoU) signed between the two companies, startups from the fields of mobile, Internet of Things (IoT), biometrics, wireless technologies, will be fostered. Qualcomm has already announced the investment of $ 8.5 million in India.
As per the agreement, Qualcomm will utilize this association to expand its Innovation Lab’s ecosystem in the country by providing access to design, development, and testing facilities at Hyderabad, while T-Hub will provide mentorship and logistics support from in-house experts for start-ups focused on innovation around financial technologies and smart cities.
“As an invention company we truly understand how technology can transform people’s lives, while benefiting the ecosystem. We are pleased to collaborate with T-Hub, and are committed to bringing advanced technologies to the ecosystem towards building a Digital India,” said John Han, senior vice president and general manager, Qualcomm Technology Licensing.
“We are extremely pleased to work with Qualcomm, a global leader in innovation, to support the expansion of their initiatives in India. The start-ups enlisted for this collaborative program offer creative solutions for helping India advance on a technological front in critical sectors like rural development, healthcare and digital payments. We are privileged to house them and provide the best mentorship opportunities to translate their ideas into reality.” said Jay Krishnan, CEO, T-Hub.
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