Multinational Qualcomm has launched a $100 million Metaverse fund to back extended reality (XR), artificial intelligence (AI) and augmented reality (AR) tech companies.
“We deliver the groundbreaking platform technology and experiences that will enable both the consumer and the enterprise to build and engage in the metaverse and allow the physical and digital worlds to be connected. Qualcomm is the ticket to the metaverse,” said Qualcomm President and CEO Cristiano Amon. “Through the Snapdragon Metaverse Fund, we look forward to empowering developers and companies of all sizes as they push boundaries of what’s possible as we enter into this new generation of spatial computing.”(View Full Article).
The fund plans to deploy capital through a combination of venture investments in leading XR companies by Qualcomm Ventures and a grant program by Qualcomm Technologies, Inc. for developer ecosystem funding in XR experiences such as gaming, health and wellness, media, entertainment, education, and enterprise.
Qualcomm is the maker of Snapdragon XR1 and XR2. Snapdragon XR1 Platform, was Qualcomm’s purpose-built SoC for Augmented reality, Virtual reality and mixed reality. Qualcomm’s chips are powering more than 30 Headsets. XR1 and XR2 has used by Meta, Vuzix and HTC to power their XR Headsets.
Developers looking for funding can signup here for Qualcomm’s Snapdragon Fund.
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