The three winners of the First, Second, and Third Prizes will receive prizes of 100,000 USD, 75,000 USD and 50,000 USD respectively, and other support after the program in the global Qualcomm network.

In particular, Qualcomm Technologies commits not to claim any share ownership or intellectual property rights in exchange for the financial, technical, technological support that companies receive when participating in this program.

Qualcomm Technologies Inc., a subsidiary of US technology group Qualcomm Inc., has organized the annual QVIC contest since 2019. With the support and companionship of the Ministry of Science and Technology, QVIC has the goal of promoting innovate in Vietnam's startup ecosystem by identifying and nurturing potential technology companies in key areas such as 5G, IoT, AI, machine learning, smart cities and etc. appling expertise in technology and platforms in areas of Qualcomm's strengths.

Dr. Tran My An, Vice President of Technology, Technology Copyright Division of Qualcomm Corporation, also the founder of this program said: "When given the task of leading QVIC Vietnam, I expect this to be the one of the important stepping stones for Vietnam to become a technology innovation center in the region and the world, QVIC can also become the foundation for creating this vision through nurturing and developing domestic technology startups."