When Qualcomm Ventures unveiled the QPrize competition in 2009, Nagraj Kashyap told me a key factor in the decision to create an incentive prize was the evaporation of venture capital amid the liquidity crisis that followed the financial meltdown of 2008.
Kashyap, who heads Qualcomm Ventures, says the need for startup funding is less acute nowadays in the United States. “But outside of North America, there still is clearly a need for this,” especially in places like China, India, and Brazil. Kashyap says he’s also heartened that the competition has attracted a broad following among venture investors.
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