Qualcomm Awards US$100,000 in Venture Financing to Deck App Technologies, Winner of the QPrize 2012 India Regional Round
Qualcomm Incorporated, through its venture capital arm Qualcomm Ventures, today announced the India finalist in its international Qualcomm Ventures QPrize™ 2012 venture investment competition. Deck App Technologies, based in Bangalore, will receive US$100,000 in venture financing from Qualcomm to expand its business. The company was selected based on its product innovation and the strength of its management team. The victory enables Deck App Technologies to move forward in the competition and compete against other regional champions for an additional US$150,000 in venture financing in the QPrize Global Grand Prize competition, taking place in the first quarter of 2013 in San Francisco.
Deck App Technologies offer products to create compelling and memorable presentations on any device in the easiest way.
The second prize winner of the competition Uberlabs, a company that provides Social CRM solutions for images and videos, will receive US$25,000 from Microsoft Corp. In addition, the other six companies that were shortlisted in the finals of QPrize India 2012 have been invited to Microsoft BizSpark Plus program.
“Qualcomm is passionate about innovation and applauds the spirit of entrepreneurship that looks to redefine standard norms,” said Karthee Madasamy, senior director of Qualcomm Ventures. “Through QPrize, we help identify breakthrough ideas at early stages and help them grow by providing promising entrepreneurs with mentorship, investment support and exposure to the global technology ecosystem. We congratulate Deck App Technologies on their impressive accomplishments and look forward to their participation in the Grand Prize competition.”
Harish Vaidyanathan, director of Evangelism at Microsoft Corporation India Pvt. Ltd. said, “We are glad to collaborate with Qualcomm to support early-stage technology companies in their journey to success. India has a huge talent pool and it is important for ecosystem players to join forces to foster greater opportunities for successful entrepreneurship.”
Companies competing in the India regional QPrize competition included:
Amplyfy.me: It allows the user to connect with friends and family to learn who is watching what, view channel guides and get recommendations, publish their activity to social networks, review shows and even learn about viewing patterns. Amplyfy.me aims to make TV watching a social experience.
Deck App Technologies (winners): Deck is the easiest way to create compelling and memorable presentations on any device.
Fingertips Education: A tablet based learning model that’s creating informed choices for students and teachers.
Gamooz: GAMOOZ India is a software startup based in the Millennium city of Gurgaon, India. A startup committed to the amazing world of Augmented Reality, GAMOOZ India is one of the very few companies in India who are working in the field of Augmented Reality.
Medisurge Technologies: An e+mHealth organization providing extremely simple, scalable and affordable solutions to health seekers.
MoveInSync Technology: MoveInSync is in the business of organizing transportation for India. The company has built a transport management platform which helps move people or goods in an efficient manner. MoveInSync has two solutions: Employee Transportation Solution(ETS): ETS is used by organizations in IT, BPO and Airlines sectors which provide pickup and drop services for their employees. Courier and Delivery Solution (CDS): CDS is used by express courier and delivery sector. CDS is also developed on MoveInSync's transport management platform. MoveInSync has patents in the area of transportation. The company was incubated at Indian School of Business, Hyderabad in Apr, 2009.
Native5 Software Solutions: A next-generation cloud platform that allows development and management of stunning applications across mobiles, tablets, desktops and smart TVs through a single development effort.
Uberlabs (runners up): Uberlabs’ gazeMetrix helps brands to know and act upon when their products appear in pictures on social networks.
Harness Handitouch Private Ltd: offers networked tablets powered by the cloud for in-class collaboration and captivation
The business plans submitted were evaluated by a panel of experts based on the merits of the technology innovation, its market potential and the company’s management capabilities. Sponsors and contributors for the QPrize India competition include Microsoft, Mumbai Angels and YourStory.in.
The Qualcomm Ventures QPrize competition is open to entrepreneurs across Brazil, China, India, Israel, Korea, North America, and Europe. Additional details on the competition are available here.