The Qualcomm Wireless Innovation Prize, slated for April 28, 2011, invites students to develop new wireless technology products and marry those ideas with tangible, market-ready business plans. All UW-Madison undergraduates and master’s-level graduate students are eligible to compete for prizes of $10,000 (first), $5,000 (second) and $2,500 (third).
Top prizes will be awarded the day before the annual G. Steven Burrill Business Plan Competition, run by the Wisconsin School of Business. The Burrill connection will encourage wireless teams to take their technology to the next level by creating a business plan that could launch a new company.
The competition is based on a Qualcomm initiative called Venture Fest, where Qualcomm employees are invited to take an innovation from its early stages to a full-fledged company. The College of Engineering and the School of Business partnered with Qualcomm to bring that creative approach to a university setting.
The competition is made possible by a gift from Qualcomm Inc. of San Diego. As the largest fabless semiconductor producer in the world, Qualcomm sells more than a billion chips a year for the cellular industry.