MOUNTAIN VIEW, Calif.--Qualcomm Inc. has announced the spin-off of its wireless health division into a wholly owned subsidiary called Qualcomm Life Inc. The firm said Qualcomm Life would be in charge of a $100 million fund, managed by Qualcomm Ventures, to invest in wireless health technologies.
The first technology offering from the newly formed subsidiary is the 2net Platform and Hub, which connects wireless medical devices to the cloud, enabling a pooling of biometric information which can then be viewed on one software interface by health care providers, caregivers and individuals themselves.
Despite just having being launched, Qualcomm says it already has 40 customers already either integrating or considering the 2net ecosystem.
"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.
Valencia said Qualcomm's services removed a significant burden of technical development for medical device manufacturers, providing integration with mobile carriers quickly and easily.
The 2net Platform was created with a "continuum of care" ideology, meaning that patient data could be collected from various different cellular-enabled devices, while results would appear collectively on just one easy to decipher interface.
Qualcomm unveils health subsidiary, cloud hub
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