Press releases

MUMBAI – January 31, 2011 – Qualcomm Incorporated (NASDAQ: QCOM) today announced Reverie Language Technologies Pvt. Ltd. as the India finalist in its international Qualcomm Ventures QPrize™ venture investment competition. The Bengaluru-based company will receive US$100,000 of convertible note funding from Qualcomm. Reverie now advances to compete with other respective QPrize finalists from North America, Europe, China, South Korea, and Israel for the grand prize of an additional S$150,000 in convertible note funding. The grand prize winner stands to receive a total of US$250,000 in financing from Qualcomm.

Reverie Language Technologies has a vision to eliminate the linguistic digital divide by providing technology and solutions for local language processing (Indian, Perso-arabic and other South Asian complex scripts) in mobile and other digital devices. The company’s solutions are designed to deliver a compelling user experience in terms of fonts and text aesthetics, and on various mobile devices.

“With QPrize, we are pleased to see our efforts take shape in identifying and supporting startups that show promise to be future industry leaders,” said Karthee Madasamy, director of India investments for Qualcomm Ventures. “Reverie Language Technologies impressed the judges with their robust business strategy and unique technology solution. We congratulate them on their well-earned win and wish them luck for the grand finale.”

The competition drew increased participation this year from the entrepreneur ecosystem across India. Out of a total of 120 entries spanning a diverse range of products, services and solutions, eight contestants were selected:

• Reach 360
• Reverie Language Technologies
• United Mobile Apps Pvt. Ltd.
• Deltecs Infotech
• Mobiesta
• Quantama
• Buzzstream
• Awishcar

Arvind Pani, co-founder and CEO of Reverie Language Technologies, said, “We are thrilled at winning the India round of QPrize from amongst other really competitive ideas. We are thankful to Qualcomm for recognising the potential in us. We are especially excited about leveraging the many opportunities that this will enable, including scaling up our business, opening more doors for us through significant opportunities, and gaining heightened visibility within industry circles.”

Qualcomm has teamed with DEMO, the technology industry’s premier launchpad for emerging technologies, to give QPrize finalists additional exposure within the venture community. All QPrize finalists will be invited to DEMO Spring 2011 where they will compete for the Grand Prize and receive an exhibit in the DEMO pavilion. The Grand Prize winner will also receive stage time to present their technology to an audience of venture investors, news reporters, bloggers and other DEMO attendees.

Qualcomm Ventures, the venture investment group of Qualcomm Incorporated, was launched in the United States in November 2000 with an initial US$500 million allocation. Qualcomm Ventures’ aim is to support Qualcomm’s mission of enabling and fostering 3G and wireless Internet markets through investments in privately owned startup ventures. These investments include companies focusing on wireless communication technologies and products serving consumer, enterprise and vertical markets worldwide. For more information, visit www.qualcomm.com/ventures.

About Qualcomm
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G and next-generation mobile technologies. For 25 years, Qualcomm ideas and inventions have driven the evolution of wireless communications, connecting people more closely to information, entertainment and each other. Today, Qualcomm technologies are powering the convergence of mobile communications and consumer electronics, making wireless devices and services more personal, affordable and accessible to people everywhere. For more information, visit Qualcomm around the Web:
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