Persistent Systems joins Qualcomm, Accel, One97 in QPrize 2014 – seed investment competition

For many years now, Qualcomm has an been running a startup seed investment competition called QPrize in many different countries, including India, and as part of this series, QPrize 2014 India in which Indian startups can win upto US$250k of funding, will happen over the next few months. This time they have a few interesting Indian partners as part of the sponsors including Pune’s Persistent Systems, Accel Partners, and One97

Here are some excerpts form the YourStory.com article on this subject:

And this time, the QPrize has gotten bigger and more exciting with Accel Partners, Persistent and One97 joining hands with Qualcomm to support promising ventures in their journey to achieve global success. The total prize money this time amounts to US$250K. This year – instead of one India winner there will be four winners: Overall India winner will bag a prize of US$125K, the second winner will get US$75K. Apart from them, two more startups will receive US$25K each from Persistent and One97.

How are the companies evaluated?

Applicants for the QPrize 2014 will be evaluated on following criteria:

  • Companies with less than $2M in funding with no institutional money
  • Company`s market potential
  • Team’s management capabilities
  • Innovative and cutting-edge technology products and services
  • Attainability of the proposal’s financial projections

So, if you are an early stage company and believe you have what it takes to take your venture to the next level, here is your opportunity.

Read the full article

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