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Qualcomm’s business-plan contest a capital idea

Four finalists, winner to divide $550,000 pot

Venture capital, meet “American Idol.”

San Diego wireless giant Qualcomm said yesterday that it will sponsor a business-plan contest for technology entrepreneurs struggling to get seed funding in today’s difficult economy.

The contest, called the QPrize http://www.qprize2009.com , has a total pot of $550,000. It’s open to technology entrepreneurs in four regions worldwide.

The QPrize is aimed at giving a financial jump-start to small companies, entrepreneurs and university students with good ideas, according to Qualcomm http://www.qualcomm.com .

By Mike Freeman Union-Tribune Staff Writer

Full Story: http://www3.signonsandiego.com/stories/2009/may/08/1b8qcom211741-qualcomms-business-plan-contest-capi/?business

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