AAA Qualcomm Labs@EvoNexus incubates first companies

Qualcomm Labs@EvoNexus incubates first companies

Qualcomm Labs@EvoNexus, an incubation programme set up by US-based semiconductor company Qualcomm and technology industry association CommNexus’s incubator EvoNexus, has backed three companies with seed funding in its first deals for the incubator. Qualcomm Labs@EvoNexus was launched in May.

US-based software and services company Arynga, US-based mobile malware detection company FatSkunk and US-based timeline company Breadcrumbs were backed by Qualcomm Labs@EvoNexus, EvoNexus. Qualcomm invested $250,000 in mArynga and Fatskunk, with $50,000 invested in Breadcrumbs.

Liz Gasser, vice president, Qualcomm Labs, said: “Qualcomm Labs’ roots in technology innovation combined with our continuous commitment to move the wireless industry forward, puts us in a unique position to support entrepreneurs to transform their ideas into businesses. Twenty seven years ago, Qualcomm itself was a startup. We’re looking forward to seeing how these innovations will positively impact San Diego and the world via our Qualcomm Labs subsidiary.”

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