Global semiconductor firm Qualcomm signed a memorandum of understanding (MoU) for a strategic collaboration with T-Hub, a Hyderabad based state supported start-up platform. This announcement comes as a follow-up to Qualcomm’s commitment to invest $8.5 million as part of Qualcomm Design in India Program launched in January 2017.
As per the agreement, Qualcomm will utilise this association to expand its Innovation Lab’s ecosystem in the country by providing access to design, development, and testing facilities at Hyderabad, while T-Hub will provide mentorship and logistics support from in-house experts for start-ups focused on innovation around financial technologies and Smart Cities.
Jim Cathey, senior vice president and president, Asia Pacific and India, Qualcomm International said, “Our collaboration with T-Hub, will help us scale rapidly, utilising their infrastructure and resources and bring path-breaking innovations to India.”
“The start-ups enlisted for this collaborative program offer creative solutions for helping India advance on a technological front in critical sectors like rural development, healthcare and digital payments,” said Jay Krishnan, CEO, T-Hub.