Qualcomm announces $100 million life fund

Qualcomm has formed a wholly owned subsidiary, Qualcomm
Life, which will operate the business formerly known as Qualcomm Wireless
Health. The chip major also announced  its $100 million Qualcomm Life
Fund, an investment allocation established by Qualcomm.

Qualcomm Life’s first offerings, the 2net Platform and
Hub for use in connection with wireless medical devices, are now available in
the U.S. and are designed  to interconnect wireless medical devices via
cloud-based solutions so that biometric information is accessible by device
users, their health care providers and caregivers.

The platform and hub are intended to transfer, store,
convert and display medical device data. The company also announced that more
than 40 customers and collaborators are either integrating with or considering
the 2net ecosystem, creating an interoperable and value-enhancing ecosystem of
medical devices, mobile medical applications and health services companies.

Qualcomm Life was founded, in part, to assist medical
device manufacturers who approached Qualcomm for help when their own wireless
connectivity attempts became untenable due to technology selection errors,
unscalable deployment models and prohibitively high operational support costs,”
said Rick Valencia, vice president and general manager of Qualcomm Life

We believe the 2net Platform and Hub’s promotion of
medical device connectivity will enable a sea change in health care, where we
observe stressed medical systems burdened by a mounting prevalence of chronic
disease,” said Don Jones, vice president of global strategy and market
development for Qualcomm Life.

The 2net Platform makes it easy for companies to connect
wirelessly to their medical devices so that data can be made available across
the continuum of care. Data is obtained from a patient’s medical device through
several gateways, such as the 2net Hub, a mobile phone, another
cellular-enabled device or application programming interfaces that connect to
the customer service platform. Once the data is acquired from the medical
device, it is encrypted and then stored in the 2net Platform over a cellular

After the 2net Platform has received the transmission, patient
medical device data is transferred to the manufacturers’ interface of choice
for the end-user. The 2net Platform is designed to meet HIPAA security
requirements and is ISO 13485 certified, meaning it aligns with the quality
requirements of U.S. and international regulatory agencies in the health care

Qualcomm Life’s 2net Platform will expand our ability to
connect patients with caregivers, family and clinicians by providing a direct
wireless connection within every home,” stated Richard Strobridge, chief
executive officer of Entra Health Systems.

By Telecomlead.com Team
[email protected]