Qualcomm kicks off 'QPrize' contest

SAN DIEGO - Mobile-communications chipmaker Qualcomm Wednesday kicked off its fourth annual "QPrize" competition to identify and fund promising technology companies in their start-up phases.

The contest is open to entrepreneurs in China, Europe, India, Israel, Korea, Latin America and North America -- all regions where the San Diego-based firm employs ventures-program investment managers.

One finalist from each region will receive $100,000 in seed funding and an invitation to compete against other regional finalists in the "QPrize Grand Finals," the company announced. The winner of the latter challenge will receive an additional $150,000 to help further the business.

The deadline to enter this year's contest online at qprize.com is April 18.

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