Qualcomm Ventures Kicks Off Startup Competition

San Diego-based Qualcomm Ventures, the venture investment arm of Qualcomm, has kicked off its annual venture competition, the QPrize, dangling seven $100,000 regional prizes and a $150,000 grand prize. Qualcomm's competition looks to identify the most promising, early-stage technology companies relevant to its business from across the globe. This year, Qualcomm said it will award $100,000 each to the top companies in China, Europe, India, Israel, Korea, Latin America and North America, with one of those winners getting an additional $150,000 in a convertible note financing after a pitch competition in its "grand finals". Qualcomm said the deadline for the startup competition this year is April 18th.