Tech giant backs Indian founders to lead global edge AI innovation
US-based chipmaking leader Qualcomm has announced a significant financial commitment to India’s booming technology sector. Through its newly established Strategic AI Venture Fund, the company plans to invest up to $150 million (approximately Rs 1,359 crore) into the Indian startup ecosystem. This initiative aims to accelerate the development of artificial intelligence across various sectors, including automotive, robotics, and mobile technology.
This move marks a deeper commitment from Qualcomm Ventures to identify and support local founders who are pushing the boundaries of edge AI technology. Unlike traditional cloud-based AI, edge AI processes data directly on devices like smartphones and industrial machines. This shift is expected to make technology faster, more secure, and more efficient for everyday users.
Cristiano Amon, President and CEO of Qualcomm Incorporated, highlighted that India's innovation hub plays a critical role in the next chapter of global AI development. He noted that intelligence is becoming a standard feature in everything from personal computers to cars. By providing capital and technical expertise, the company wants to help Indian startups build scalable solutions that can compete on a global stage.
Since 2007, the company has been a steady supporter of Indian entrepreneurship, backing over 40 startups including major names like Jio, MapMyIndia, and ideaForge. This new fund represents a fresh chapter in that partnership. Qualcomm Ventures India will focus on companies that can leverage their deep technology expertise to transform industries.
The investment comes at a time when India is emerging as a global leader in digital transformation. By focusing on "AI-led innovation," the chipmaker is positioning itself as a primary enabler for the next generation of industrial and consumer tech. This support will provide Indian entrepreneurs with the resources needed to turn complex AI concepts into real-world applications.
With Inputs Source: Public Domain
