After a six-month incubation journey within the Qualcomm Innovation Challenge, the Top 10 teams have been revealed, which have been supported to develop their products, complete their business plans, and bring their products to market. According to the Organizing Committee, some projects have accessed large investment sources in addition to cash support worth $10,000 per team from Qualcomm.

The leading technology solutions of this year's competition bring innovation from infrastructure to practical technology products, applied in many fields: building management, virtual assistants for healthcare, wireless monitoring devices in manufacturing plants, industrial robots, smart electric vehicles, AI applications in children's toy production, customer data analysis at retail stores, "made in Vietnam" drones, new generation chat bots, and energy control in logistics.

It is known that from March to August, Qualcomm Technologies organized many practical activities, including visits to the manufacturing plants of My Lan Group and Rynan Technologies Vietnam to learn about typical innovative startup models.

In parallel, there is a series of seminars and in-depth training programs on Intellectual Property, including the patenting process, protection and monetization of inventions. Training sessions on business skills development are also implemented, with topics such as business models, financial planning, budgeting, and fundraising skills.

Qualcomm's R&D lab in Hanoi also supports startups in ML/AI (machine learning/artificial intelligence) related functions, camera testing, audio, RF signal testing, thermal and modem troubleshooting, and product development consulting throughout the incubation process.

The QVIC 2024 Top 10 will present their innovations and incubation program results to the Jury on August 23, 2024. The winning companies will receive attractive prizes: first prize of USD 100,000, second prize of USD 75,000, and third prize of USD 50,000.

Nguyen Thanh Thao, Senior Business Manager at Qualcomm, shared that this year’s Qualcomm Vietnam Innovation Challenge has supported and nurtured promising companies with breakthrough solutions in areas such as Artificial Intelligence (AI), smart cities, robotics and IoT. “We look forward to seeing the impact of these solutions in shaping Vietnam’s technology landscape and contributing to the country’s continued success,” she emphasized.

KIM THANH