Qualcomm showers Europe with money

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Qualcomm Venture has dedicated €100 million to adventurous wireless startups in Europe. The primary focus will be on supporting and expanding 3G WCDMA innovation in Europe, which it could really use right about now. Qualcomm CFO Bill Keitel states:

“We have made a number of successful acquisitions in Europe in the recent past, including Tellit UK, Trigenix and Elata. Our commitment to investing euro 100 million in Europe will strengthen Qualcomm’s key role in the success of 3G (WCDMA) services throughout Europe, as well as give us a broader research and development base through our involvement with early-stage companies.”