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Qualcomm, RobotShop Launch Robot Business Accelerators

Two new accelerators launched this week could help entrepreneurs take their robot designs to the next level.

Qualcomm announced today that it will host approximately 10 robotics companies at its San Diego offices for a four-month start-up program. Qualcomm has committed $1 million dollars to participants, as well as technology and business guidance via mentors. The Qualcomm Robotics Accelerator will help the fledgling firms make important business connections via Techstars, a firm that provides seed money and mentorship to small technology companies.

“We have already had a number of successful robotics companies coming out of Techstars and are excited to see what this new batch of companies will achieve given the support they’ll receive from Qualcomm, particularly given the Company’s deep expertise in mobile,” said David Cohen a managing partner at Techstars. “Robotics is a hugely untapped frontier that is quickly becoming a focus for Techstars given recent tech advances that let machines be prototyped faster and easier than ever before.”

Applications for the Qualcomm Robotics Accelerator will be accepted until February 22, 2015 at

RobotShop is also on the hunt for the next big ideas in robotics. The company announced yesterday that the RobotShop Technology Accelerator Program is looking for aspiring inventors. RobotShop provides it’s program participants with experienced engineers to simply designs into mass market products. After finding the right manufacturing firm, RobotShop also invests in the initial stock with the aim to use it’s existing distribution chain to sell the robot.

Robot manufacturers can also connect with the program, via the RobotShop Accelerator Website.