Qualcomm Ventures (QCV) began in 2000 with a $500-million fund commitment to make strategic investments in early-stage high-technology ventures. It made its first investments in the wireless health space in 2007. The Qualcomm Life Fund now has been formed with the mission of accelerating global wireless health services and technology adoption.
The Qualcomm Life Fund remains within the QCV umbrella but specifically focuses on investing in venture-backed wireless health start-ups that will help accelerate the 2net Platform commercialization. The areas of specific interest to the fund range from personal wellness to disease management. Investments will be made in the following areas:
- Body worn or implantable biosensors or devices for vertically focused applications such as chronic disease care, medication adherence, and fitness or wellness
- Integrated system providers that do remote diagnosis, monitoring or specialize in independent living
- Mobile software health IT applications
- Health informatics/analytics