Overview
- The alliance added Qualcomm Ventures and several Indian VC firms, lifting reported capital commitments to more than $850 million.
- NVIDIA joined as a strategic technical advisor without a financial commitment, offering technical guidance, training through the NVIDIA Deep Learning Institute, scalable compute access, and policy input.
- Qualcomm Ventures will participate as an investor and give startups access to its portfolio companies, partner networks, and internal teams.
- Formed in September with an initial $1 billion pledge, the group plans five‑to‑ten‑year support for research‑led startups, set against deep‑tech funding of $1.6 billion in 2024 that remains a minority of total startup capital.
- Organizers describe a voluntary, non‑pooled coalition with individual allocations and coordination still to be defined, and they aim to align efforts with India’s new ₹1 trillion RDI scheme.