Qualcomm Ventures is internet hosting its first-ever pitch occasion for startups with feminine founders, with a $500,000 prize on the road (QCOM)

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  • On July 10, Qualcomm Ventures will host the Feminine Founder Summit, an occasion in San Francisco the place 10 startups with feminine founders will pitch to a panel of judges.
  • The successful startup will obtain a $500,000 funding, and the startups can even have alternatives to community with different traders and companions.
  • That is the primary time Qualcomm Ventures is internet hosting a pitch occasion particularly for feminine founders.
  • Go to Enterprise Insider’s homepage for extra tales.

Qualcomm Ventures will maintain its first startup occasion for feminine founders, the place they may get the possibility to win $500,000 in funding capital.

At an occasion referred to as Feminine Founder Summit on July 10, entrepreneurs and traders will collect collectively in San Francisco, the place 10 early-stage startups which have not less than one feminine founder will take part in a pitch competitors in entrance of a panel of judges.

Quinn Li, senior vice chairman and world head of Qualcomm Ventures, says that this offers these founders the chance not solely to get funded, but additionally to present  a community of traders and mentors.

“There is a have to have extra startups with feminine founders,” Li advised Enterprise Insider. “We’re making an attempt to acknowledge there’s a number of good firms with feminine founders, and we can assist the businesses get entry to capital in addition to a community of companions and traders to actually assist these firms get their enterprise going.”

The startups at this competitors are centered on synthetic intelligence, linked units, augmented and digital actuality, and extra. Simply final November, Qualcomm Ventures introduced a $100 million fund to put money into AI startups.

The startups AON Gadgets, AR Wall, BlinkAi, Blue Canoe Studying, Embodied Labs, Lab4U, Lily AI, On Second Thought, Raybaby, and Wavelength International will take part at this summit.

The successful startup will obtain the identical advantages as different portfolio firms in Qualcomm Ventures, which not solely consists of funding, but additionally steering from the know-how consultants in its community. Even when a startup doesn’t win the competitors, they may get entry to different traders on the occasion who is likely to be .

Qualcomm Ventures has hosted pitch competitions up to now, however that is the primary one which’s centered particularly on feminine founders.

Learn extra: Non-public venture-backed startups like Slack and Airbnb are investing in different startups. This is the place their cash goes.

“We’re enthusiastic about making an attempt to make optimistic progress to acknowledge the challenges the tech business as an entire faces and do our half to advertise and acknowledge these startups with feminine founders,” Li mentioned.

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